- The owner/developer is a third generation New Jersey real estate investment family that purchased its first property in Newark, NJ in the 1930s (which it still owns today). The family is an experienced and well-capitalized owner and developer that prefers to own long-term, generational assets. The family purchased a failing Dellwood Country Club in 2007. The club was in imminent danger of closing forever. Faced with deteriorating conditions and a concerned membership, the ownership invested millions of dollars improving every facet of the club’s facilities. The family owns several other properties in Clarkstown and the surrounding communities including apartment buildings, industrial and medical facilities that it has held for decades.
- Despite receiving multiple offers over time, the family has focused on improving the club and pursuing a smart residential development on a smaller, off-course footprint.
- The family has a long and documented record (nearly 80+yrs) of pursuing desirable real estate development throughout the Tri-State area. They have, and will always be, very protective of their unblemished reputation.
- History has shown what can happen when unscrupulous and aggressive developers seek to impose their will on local communities. The proposed development at Paramount is anything but.