Spectrum Skanska Becomes Spectrum Communities; Spectrum Founder Mitchell C. Hochberg Regains Ownership of Luxury Homebuilder With Acquisition from Skanska AB.Business Editors/Real Estate Writers VALHALLA, N.Y.--(BUSINESS WIRE)--May 8, 2003 Mitchell C. Hochberg, founder of Spectrum, today announced that he has completed the acquisition of the company from parent company, Skanska AB. The new company, which is called Spectrum Communities, will continue to focus on the development of luxury residential communities in the region. Mr. Hochberg will serve as President and Chief Executive Officer of Spectrum Communities. The announcement is a homecoming of sorts for Mr. Hochberg who founded Spectrum Group in 1985. In 1996, Spectrum Group was acquired by Skanska AB and became Spectrum Skanska. As the homebuilding and development division of Skanska AB, Spectrum Skanska emerged as the Northeast's preeminent luxury homebuilder. Last year, Skanska AB announced a strategic restructuring of its core businesses that included the sale of its residential development business in the U.S. "We are very pleased to announce that our new name will be Spectrum Communities. Although our name has changed, we remain committed to our ongoing goal of developing the highest quality luxury residential neighborhoods in the Northeast," said Mr. Hochberg. "After more than 20 years in the homebuilding industry, we have come full circle and returned to our roots as a regional luxury homebuilder. Our business is stronger than ever and our day-to-day business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets will not be altered in any way. Our active communities are selling very well. By the end of this year we plan to grand open five new communities in Westchester, Rockland, Suffolk and Dutchess Counties in New York There are sixty-two counties in the State of New York. Five of these are boroughs of New York City and do not have functioning county governments. New York City encompasses five counties, and is the county seat of all five of them: New York County (Manhattan), Kings County (Brooklyn), ." Under the leadership of Mr. Hochberg, Spectrum Communities has set a new standard of excellence with its award-winning neighborhoods that offer exceptional home designs and extraordinary lifestyle amenities. Spectrum's communities are renowned for their wealth of lifestyle amenities that enhance homeowners' lifestyles, including Meeting Houses, Country Stores, Indoor and Outdoor Swimming Pools with Waterfalls and Splash Fountains, Championship Tennis Courts, Signature Golf Courses, and Private Marinas. Each of Spectrum's lifestyle communities is complimented by finely crafted distinctively designed homes. Spectrum's recently completed residential neighborhoods in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of include BelleFair in Rye Brook; Valimar in White Plains -- both new traditional hometown communities with Village Greens, Community Meeting Houses, and swimming pools; the waterfront "Gold Coast" Legend Yacht & Beach Club in Glen Cove Glen Cove, city (1990 pop. 24,149), Nassau co., SE N.Y., on the north shore of Long Island, at the entrance to Hempstead Harbor; settled 1668, inc. as a city 1918. , and The Legends at Purchase in Purchase -- both luxurious enclaves of highly personalized estate homes. The company's active residential neighborhoods include: -- Discovery Cove Discovery Cove is an Orlando, Florida theme park where guests can interact with a variety of marine animals, most notably bottlenose dolphins. The park, which is operated by the Busch Entertainment Corporation (the theme park division of Anheuser-Busch) is adjacent to SeaWorld at Half Moon Bay in Croton-on-Hudson, New York Croton-on-Hudson is a village in Westchester County, New York, United States. The population was 7,606 at the 2000 census. As a village, it is located in the Town of Cortlandt, in New York City's Northern suburbs. -- a magnificent waterfront lifestyle community; -- Mansion Ridge in Monroe, New York -- offering a Jack Nicklaus Noun 1. Jack Nicklaus - United States golfer considered by many to be the greatest golfer of all time (born in 1940) Jack William Nicklaus, Nicklaus Championship Golf Course lifestyle; -- The Legends at Half Hollow in Dix Hills, New York Located in western Suffolk County, New York, on Long Island, Dix Hills is a hamlet (and census-designated place). The population was 26,024 at the 2000 census. Dix Hills is in the Town of Huntington, and mostly feeds into the Half Hollow Hills school district (#5). -- an elegant gated enclave of luxury living; -- Terra Nova Terra Nova may refer to: In geography:
The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. -- New England sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. complemented by a maintenance-free carriage-home lifestyle; -- Traditions at Historic Southbury in Southbury, Connecticut -- classic New England small town living with all of today's luxuries; -- Encore Monroe, an active adult community set in Monroe Township, New Jersey -- offering the ultimate resort lifestyle; -- Pinecrest Lake Golf & Country Club -- offering year-round recreational activities including exceptional golf -- located in the heart of Pennsylvania's Pocono mountains. Spectrum has won numerous national and regional awards for its communities, including five prestigious "Community of the Year" Awards from the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than ; twelve SAM Awards from the New Jersey Home Builders Association, including "2003 Community of the Year" and was named New Jersey's Best Active Adult Community; six Industry Awards from the Home Builders Association of Connecticut; and two "Community of the Year" Awards from The Long Island Builder's Institute. Spectrum was also named by Professional Builder Magazine as one of the "Best 101 Companies to Work For" in 2002, as well as one of the "Top 100 Housing Giants" for four consecutive years. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion