Heritage Development Company

Description

Heritage Development Company is a full service real estate firm involved in residential, industrial and commercial real estate projects across the U.S. The company develops, manages and sells properties, aided by its own in-house sales and marketing arm. Additionally, Heritage Development is experienced in the hospitality industry, operating both a hotel & conference center and a country club. Headquartered in Moreland Hills, Ohio, Heritage Development Company was founded by the late Bert L. Wolstein. Wolstein, a true maverick in the real estate development industry, was also founder and chairman emeritus of Developers Diversified Realty, one of the nation ’s largest and most successful real estate investment trusts. Today, Heritage Development maintains its founder ’s indomitable spirit and entrepreneurial bent. Wolstien ’s handpicked staff carries on a tradition of excellence in every aspect of the real estate business – reflecting their deep sense of loyalty to the company and to the standards set by Mr. Wolstein, and by his wife and partner of 55 years, Iris S. Wolstein. Heritage Development properties include Barrington Estates & Golf Club in Aurora, Ohio, residential communities Heritage Lane in Pepper Pike and Whispering Woods of Twinsburg, Glenmoor Estates & Country Club in Canton, the Bertram Hotel and Conference Center in Aurora, the Star Bank Building in Cleveland ’s Playhouse Square and various shopping centers in Ohio, Florida and throughout the U.S. Iris S. Wolstein President · Heritage Development Company Iris S. Wolstein, Bert L. Wolstein ’s wife and business partner for more than 57 years, is President of Heritage Development Company. She has been intimately involved in many of the couple ’s exceptional projects including Barrington Estates & Golf Club, Glenmoor Estates & Country Club, the Bertram Hotel and Conference Center and the Renaissance Office Building – the first new office building to be built in Cleveland ’s Playhouse Square in 60 years. As head of the company, Mrs. Wolstein oversees operations for Heritage Development and its subsidiaries, and is final decision maker on all projects. In addition to running the firm, Mrs. Wolstein carries on her husband ’s legacy in many aspects, primarily through her involvement in a number of charitable organizations and through the couple ’s ongoing philanthropy. In January 2005, Mrs. Wolstein ’s gift of $6.25 million to Cleveland State University made headlines when the university ’s Board of Trustees offered to rename the Convocation Center “The Bert L. and Iris S. Wolstein Convocation Center. ” The university also named the building housing the Cleveland-Marshall College of Law “The Bert L. Wolstein Hall. ” Other notable gifts made by the Wolstein ’s include $25 million to University Hospitals of Cleveland, $2.5 million to Case Western Reserve University ’s Weatherhead School of Management and $750,000 to United Cerebral Palsy for the Iris S. and Bert L. Wolstein Center.

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