Discovery Land Company

Discovery Land Company
Company typePrivate
IndustryReal Estate
Founded1994; 31 years ago (1994)
FounderMichael Meldman
Revenue$1 billion (2015)
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 had an annual turnover of $1 billion in sales (2015).[5]

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 35 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, Dubai, and Portugal.[6] Discovery Land acquired land in 2021 to build Costa Terra in Comporta south of Lisbon in Portugal.[7] Opening in 2022, Driftwood Club is a project with a Tom Fazio designed golf course near Austin, Texas.[8] In 2022, the Two Lewis Road project is an East Quogue, New York property approved under Southampton Town Planning review.[9] Barbuda Ocean Club, planned to open in 2023, is a project with a Tom Fazio designed golf course on the island of Barbuda.[10]

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. ^ "Discovery Land Company To Develop The First Ultra-Luxury Project in the Middle East, Discovery Dunes - Construction Business News Middle East". 2023-12-20. Retrieved 2024-07-09.
  7. ^ Vora, Shivani (5 November 2021). "On the Portuguese Coast, an Appealing Spot for Seaside Homes". New York Times.
  8. ^ "Luxury homes, golf course club coming to Driftwood". Hays Free Press.
  9. ^ Voorhis, Nelson (1 July 2020). RESPONSE TO PINE BARRENS COMMISSION STAFF REVIEW AND PUBLIC COMMENTS (PDF) (Report). Nelson Pope Voorhis.
  10. ^ Ellwood, Mark. "The best VIP WFH Caribbean villas hitting the market now". New York Post.