Discovery Land Company

Last updated
Discovery Land Company
Company type Private
Industry Real Estate
Founded1994;31 years ago (1994)
Founder Michael Meldman
Revenue$1 billion (2015)
Website discoverylandco.com

The Discovery Land Company is an American real estate development company and hospitality operator based in Scottsdale, Arizona. Founded in 1994 by Michael Meldman, the company mainly operates private residential communities and clubs in North America. [1] [2] In 2022, the company made public that they will follow an international expansion strategy. [3] [4] Discovery had an annual turnover of $1 billion in sales (2015). [5]

Contents

History

Discovery Land Company was founded in 1994 by Michael S. Meldman with the opening of The Estancia Club in Scottsdale, Arizona, and then the Iron Horse project in Whitefish, Montana. Discovery Land acquired land in 2021 to build Costa Terra in Comporta south of Lisbon in Portugal. [6] Opening in 2022, Driftwood Club is a project with a Tom Fazio designed golf course near Austin, Texas. [7] In 2022, the Two Lewis Road project is an East Quogue, New York property approved under Southampton Town Planning review. [8]

Operations

Michael Meldman remains the chairman of the Discovery Land Company. [9] The company has more than 35 properties in Hawaii, California, Arizona, Nevada, [10] Idaho, Montana, Texas, Tennessee, New York, and North Carolina in the U.S., in addition to Los Cabos, Mexico, Great Guana Cay, The Bahamas, [11] [12] Dubai South, the United Arab Emirates, [13] and Portugal. [14] [15] [9]

The Discovery Land Foundation was established in 2007 to support the communities around the company's resorts. The foundation reports annual investments in the hundreds of millions. [16]

As of 2022, Discovery's sustainability department manages programs focused on renewable energy, waste reduction, water conservation, and habitat preservation. [17]

As of 2023, golf course architect Tom Fazio has created approximately fifteen golf courses for Discovery. [18]

References

  1. ↑ "Development Newsmaker of the Year 2007" (PDF). Golf Inc. March 21, 2007. Archived from the original (PDF) on July 10, 2011.
  2. ↑ "Leading Man" (PDF). Luxury Living. February–March 2007. Archived from the original (PDF) on July 10, 2011.
  3. ↑ "Discovery Land Company Plans Global Expansion With Brett White and Michelle Ngo". www.businesswire.com. 2022-05-24. Retrieved 2023-05-15.
  4. ↑ "Discovery Plans Global Expansion With Two High-Profile Additions". Connect CRE. Retrieved 2023-05-15.
  5. ↑ "Developer Mike Meldman Is Real Estate's Party Boy". The Wall Street Journal . January 14, 2016.
  6. ↑ Vora, Shivani (5 November 2021). "On the Portuguese Coast, an Appealing Spot for Seaside Homes". New York Times .
  7. ↑ "Luxury homes, golf course club coming to Driftwood". Hays Free Press.
  8. ↑ Voorhis, Nelson (1 July 2020). RESPONSE TO PINE BARRENS COMMISSION STAFF REVIEW AND PUBLIC COMMENTS (PDF) (Report). Nelson Pope Voorhis.
  9. 1 2 Solo-Lyons, Natasha (June 4, 2021). "Mike Meldman is one of the most influential real-estate moguls in the country thanks to his luxurious live-in resorts, which became irresistible to the rich and famous during the pandemic". Business Insider. Archived from the original on October 11, 2024. Retrieved October 7, 2024.
  10. ↑ Kaufmann, Martin (June 29, 2017). "Las Vegas' economy is back, and that's good news for city's private golf communities". USA Today. Archived from the original on December 18, 2024. Retrieved December 18, 2024.
  11. ↑ Strong, Kathy (April 29, 2011). "Developer Michael Meldman brings star power to luxury, kid-friendly residential clubs". Palm Springs Magazine. Archived from the original on December 17, 2024. Retrieved December 11, 2024.
  12. ↑ Kaufmann, Martin (January 11, 2010). "Discovery Land plans Baker's Bay opening". USA Today. Archived from the original on December 18, 2024. Retrieved December 18, 2024.
  13. ↑ Illankoon, Kasun (December 20, 2023). "Discovery Land Company To Develop The First Ultra-Luxury Project in the Middle East, Discovery Dunes". The New York Times. Archived from the original on December 20, 2023. Retrieved December 18, 2024.
  14. ↑ Vora, Shivani (November 5, 2021). "On the Portuguese Coast, an Appealing Spot for Seaside Homes". The New York Times. Archived from the original on November 5, 2021. Retrieved December 11, 2024.
  15. ↑ Vora, Shivani (March 5, 2022). "The Luxury Real Estate Empire Where Tom Brady and Reese Witherspoon Can Hide Out". Architectural Digest. Archived from the original on November 14, 2022. Retrieved December 11, 2024.
  16. ↑ Millington, Alison (December 8, 2018). "George Clooney and Rande Gerber have a third partner in their $1 billion tequila company, and he happens to be a real estate tycoon". Business Insider. Archived from the original on December 15, 2024. Retrieved December 11, 2024.
  17. ↑ Vora, Shivani (September 9, 2022). "Meet the Man With a Plan to Build Greener Golf Communities". The New York Times. Archived from the original on September 25, 2024. Retrieved September 9, 2022.
  18. ↑ Kazlowski, Mark (May 9, 2023). "Tom Fazio-designed Driftwood Golf and Ranch Club voted best new course in Texas". The Dallas Morning News. Archived from the original on December 11, 2024. Retrieved December 11, 2024.
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