From The Real Deal · Kate Hinsche · · 2m
Can Yellowstone Club's developer keep billionaires buying?
Mike Meldman, real estate developer behind Yellowstone Club, aims to build billionaire-friendly communities in England after decades of success.
In brief
Mike Meldman, real estate developer behind Yellowstone Club, aims to build billionaire-friendly communities in England after decades of success. Mike Meldman plans Discovery Land Company's first English development after 30 years building exclusive clubs for billionaires. Originally reported by The Real Deal.
Mike Meldman's tour
Mike Meldman helicoptered over the English countryside, landing in the Cotswolds for a tour of property.
Yellowstone Club developer
Mike Meldman leads Discovery Land Company, known for ultra-exclusive developments like Yellowstone Club in Montana.
Billionaire buyers
His buyers include ultra-rich individuals seeking casual social life alongside luxury.
30 years of projects
After three decades and 40-plus projects, Meldman is accelerating residential developments.
Beverly Hills base
Meldman lives in Beverly Hills, jumping between projects and his home base.
Culture focus
Meldman focuses on creating culture and community for early-stage projects.
High-profile clientele
His clients include Tom Brady, Kim Kardashian, Michael Dell, and Goldman Sachs CEO David Solomon.
Casual luxury
Discovery communities offer relaxed settings with no strict dress codes or hushed voices.
Silo Ridge community
Silo Ridge in Amenia, New York, features an 18-hole golf course and luxury amenities.
High price point
Silo Ridge condo prices start at $4 million, a 928 percent premium over Amenia’s median home price.
E ticket concept
Meldman’s communities are the 'E ticket' for high-net-worth buyers seeking exclusive lifestyle.
Discovery’s strategy
Meldman spends extra on amenities to sustain home value, avoiding cheap construction shortcuts.
Fazio’s praise
Tom Fazio praised Meldman’s vision for his first course design in Arizona.
Yellowstone Club history
Discovery took over Yellowstone Club in 2009 after its bankrupt developer.
Billionaire buyers
Buyers at Yellowstone pay eight figures plus club fees for half-acre homes.
Global expansion
Discovery reported $367 million in equity raised across two affiliates last year.
Market growth
The richest 1 percent of Americans now hold $27.9 trillion, up from $2.8 trillion in 1994.
Partner challenges
Stoneleaf Partners boss Pedro Torres says Meldman’s vision is hard to replicate.
Billionaire demand
Meldman targets growing wealth and demand for lifestyle-centric properties.
Next project
Meldman plans Discovery’s first development in England after a recent Cotswolds tour.
The essence
Mike Meldman plans Discovery Land Company's first English development after 30 years building exclusive clubs for billionaires.
