Discovery Land Company
TypePrivate
IndustryReal Estate
Founded1994 (1994)
FounderMichael Meldman
Revenue$1 billion (2015)
Number of employees
750+ (2023)
Websitediscoverylandco.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 has 750+ employees (2023) and an annual turnover of $1 billion in sales (2015).[5]

According to The New York Times, David Solomon, chief executive officer of Goldman Sachs, is a controlling part-owner of Discovery.[6][7] Discovery, respectively Meldman, was involved in several lawsuits over the past years.[8][9][10]

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. The company has 19 properties in Hawaii, California, Arizona, Nevada, Idaho, Montana, Texas, Tennessee, New York, and North Carolina in the U.S., Los Cabos in Mexico, Great Guana Cay in The Bahamas, and Portugal. Discovery Land acquired land in 2021 to build Costa Terra south of Lisbon in Portugal.[11] Opening in 2022, Driftwood Club is a project with a Tom Fazio designed golf course near Austin, Texas.[12] In 2022, the Two Lewis Road project is an East Quogue, New York property approved under Southampton Town Planning review.[13] Barbuda Ocean Club, planned to open in 2023, is a project with a Tom Fazio designed golf course on the island of Barbuda.[14]

Philanthropy

The Discovery Land Company Foundation primarily supports children in shelters and in foster care. The Foundation donates to trusted charities providing the best programs and mentors to assist youth.[15]

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. ↑ Flitter, Emily (2023-04-24). "Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate". The New York Times. ISSN 0362-4331. Retrieved 2023-05-15.
  7. ↑ Cane, Jeffrey. "Goldman Sachs' David Solomon invested in a luxury real-estate developer his bank failed to win business from". Business Insider. Retrieved 2023-05-15.
  8. ↑ Monahan, Shea (2023-02-23). "East Quogue Resort Developer Beats Another Lawsuit". The Real Deal. Retrieved 2023-05-15.
  9. ↑ "Lawsuit filed over plan to build luxury golf course on Pine Barrens land". News 12 - Long Island. January 20, 2023. Retrieved 2023-05-15.
  10. ↑ "Your Average Wall Street Friendship—Naked Sushi Girls Included". airmail.news. Retrieved 2023-05-15.
  11. ↑ Vora, Shivani (5 November 2021). "On the Portuguese Coast, an Appealing Spot for Seaside Homes". New York Times.
  12. ↑ "Luxury homes, golf course club coming to Driftwood". Hays Free Press.
  13. ↑ Voorhis, Nelson (1 July 2020). RESPONSE TO PINE BARRENS COMMISSION STAFF REVIEW AND PUBLIC COMMENTS (PDF) (Report). Nelson Pope Voorhis.
  14. ↑ Ellwood, Mark. "The best VIP WFH Caribbean villas hitting the market now". New York Post.
  15. ↑ "Discovery Land Company Foundation".
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