The Cordish Companies
Privately held company | |
Industry | Real estate development |
Founded | 1910 |
Founder | Louis Cordish |
Headquarters |
Pratt Street Power Plant Baltimore, Maryland |
Key people |
David S. Cordish, Chairman and CEO Blake Cordish,Vice President of Real Estate Development |
Website |
www |
The Cordish Companies (previously The Cordish Company) is a privately held company that invests in real estate, including entertainment/mixed-use development, gambling and lodging, shopping centers, restaurants, clubs and music venues, offices, and residential and college student housing.
Investments
Notable properties owned by the company are as follows:
History
The company dates to 1910, when Louis Cordish began developing real estate in the Baltimore–Washington metropolitan area.[1]
In 1933, his son Paul L. Cordish joined the business; in 1968, Paul’s son David S. Cordish joined the firm.
In 1997, the company completed Bayou Place, the conversion of a former convention center in Houston into a retail and entertainment center.[2]
In 1999, the company won an award from the Urban Land Institute for the project.[3]
In 2001, the company opened Power Plant Live!.[4]
In 2004, the company reached a $455 million deal to develop the Seminole Hard Rock Hotel & Casino Tampa and the Seminole Hard Rock Hotel & Casino Hollywood.[5][6]
In 2011, the company pitched funding a casino using the EB-5 visa program.[7]
In 2014, the company was the subject of a racial discrimination lawsuit that alleged that the company prohibited a group of black men from entering one of its casinos.[8] The case was thrown out in 2015.[9] The National Association for the Advancement of Colored People defended the company.[10] In 2017, an appeals court reversed this decision, paving the way for a trial.[11]
In 2016, the company announced plans to develop a $2.2 billion hotel and entertainment district in Spain.[12][13] The company also acquired a hotel in Anne Arundel County[14] and announced plans to develop a $200 million hotel in the county.[15][16]
In 2017, Reed Cordish left the company to become an assistant to President Donald Trump.[17] Cordish was noted as being one of the richest members of the Presidency of Donald Trump.[18]
In March 2017, the company broke ground on a new development in Arlington, Texas near the ballpark of the Texas Rangers.[19][20]
Awards
- Kansas City AdHoc Group Against Crime - Community Guardian Business Award 2013[21] (Kansas City Power & Light District)
- American City Business Journals – "Project of the Year" - March 2013[22] (Maryland Live! Casino)
- 2013 Career and Technology Education (CTE) Outstanding Postsecondary Business Partnership Award of Excellence - Maryland State Department of Education[23] (Maryland Live! Casino)
- 2012 Anne Arundel Economic Development Corp. Development Award - Annapolis and Anne Arundel County Chamber of Commerce[24] (Maryland Live! Casino)
- 2012 Urban Land Institute WaveMaker Lifetime Achievement Award (David S. Cordish)
- 2011 Bridging the Gap Award for "Key Partnership/Strategic Alliance” - Greater Baltimore Committee[25] (Maryland Live! Casino)
- 2011 Most Inclusive Corporation of the Year for Minority Business - Maryland DC Minority Contractors' Association (Maryland Live! Casino)
- Landmark Award Finalist 2007[26] (Bayou Place II)
- Urban Land Institute Award for Excellence 2005 - Rehabilitation[27] (Fourth Street Live!)
- NAIOP Awards 2000 - Adaptive Reuse[28] (Pratt Street Power Plant)
References
- ↑ Gately, Gary (August 24, 2016). "Real estate riches rooted in family, Baltimore for Cordish Cos". Crain Communications.
- ↑ "Bayou Place tenants still under wraps". American City Business Journals. September 1, 1996.
- ↑ McQuaid, Kevin L. (October 23, 1999). "Cordish wins national award for work in downtown Houston". Baltimore Sun.
- ↑ Kilar, Steve (June 3, 2012). "With new casino opening, a look back at Cordish's gambling record". Baltimore Sun.
- ↑ Little, Robert; Adams, Mike (March 14, 2004). "A developer bets on Florida fortune". Baltimore Sun.
- ↑ HUETTEL, STEVE (March 11, 2007). "Once allies, Seminoles and Cordish now at odds". Tampa Bay Times.
- ↑ Richburg, Keith B.; Wagner, John (September 19, 2011). "Md. casino developer courts wealthy Chinese by offering green card in exchange for $500,000 investment". The Washington Post.
- ↑ SNEL, ALAN (August 18, 2014). "Report: The Cordish Cos. was sued for racial discrimination". Las Vegas Review-Journal.
- ↑ Dornbrook, James (June 16, 2015). "Court throws out racial discrimination case against Cordish". American City Business Journals.
- ↑ MacDonald, Tom (July 17, 2015). "Claims of racism against Cordish bogus, NAACP says". American City Business Journals.
- ↑ Collins, Leslie (July 6, 2017). "Appeals ruling may send Cordish back to trial in discrimination case". American City Business Journals.
- ↑ "The Cordish Companies Submits Plan To Madrid Regional Autonomous Government To Develop Spain's First Integrated Entertainment Resort Destination" (Press release). PRNewswire. December 1, 2016.
- ↑ Sherman, Natalie; Barker, Jeff (December 1, 2016). "Cordish plans $2.2 billion hotel and entertainment district in Spain". Baltimore Sun.
- ↑ Lazo, Luz (September 21, 2016). "Maryland Live expands with hotel rooms, says it remains 'the big boy in town'". The Washington Post.
- ↑ Capriel, Jonathan (June 28, 2016). "Cordish to build $200 million hotel for Live casino". Baltimore Sun.
- ↑ Lazo, Luz (June 26, 2016). "Construction booms at Maryland Live casino as competitor MGM readies to open". The Washington Post.
- ↑ Fritze, John (April 29, 2017). "Baltimore developer Reed Cordish has big job in the Trump administration: Fix the government". Baltimore Sun.
- ↑ Simmons, Melody (April 3, 2017). "Reed Cordish is one of the richest members of Trump's administration". American City Business Journals.
- ↑ "Cordish Cos. breaks ground on $250 million Texas Live". Baltimore Sun. March 30, 2017.
- ↑ Drummer, Randyl (October 24, 2016). "Site Work Begins For $250 Million Texas Live! Stadium Entertainment District". CoStar Group.
- ↑ "Ad Hoc Group Against Crime - Kansas City". Ad Hoc Group Against Crime. Retrieved 2015-06-24.
- ↑ "BBJRE Project of the Year: Maryland Live casino - Baltimore Business Journal". American City Business Journals. Retrieved 2015-06-24.
- ↑ Masco, Mike. "Maryland Live! receives business award". Retrieved 2015-06-24.
- ↑ Design, Sidus. "Anne Arundel Economic Development Corporation". www.aaedc.org. Retrieved 2015-06-24.
- ↑ "Greater Baltimore Committee" (PDF).
- ↑ "2007 Landmark Awards Dinner - Houston Business Journal". American City Business Journals. Retrieved 2015-06-24.
- ↑ "Downtown Louisville entertainment, retail center nets Cordish another award". April 30, 2005. Retrieved 2015-06-24.
- ↑ "Pratt Street Power Plant -SourceWatch". www.sourcewatch.org. Retrieved 2015-06-24.