Scott Alan Wolstein, property developer and CEO of the Wolstein Group since 1979, died on May 26. He was 69 years old.
Wolstein and his late father, Bertram “Bart” Wolstein, a legendary developer, established Developers Diversified Realty in 1992.
Scott Wolstein joined Developers Diversified Realty and helped lead the private company’s IPO, cementing its position nationwide as a leading real estate investment firm, with ownership of approximately 500 shopping centers. As a result, he was seen as a leader in the real estate industry, developing retail, office, multi-family and mixed-use projects, including being the primary developer of East Bank Flats downtown. of Cleveland. His mother, Iris, is also involved with him in the downtown project.
In a 2018 Cleveland Jewish News article, he said, “We transformed downtown and made Cleveland a place that is an acceptable alternative for a young person to start a career. They can live here and have fun and I don’t think that was true for long. For my mother, the Apartments were an opportunity to realize a lifelong dream for my late father. She was devoted to him alive and now to his legacy. She accepted this as more than a real estate transaction and it honored my father’s memory.
Wolstein, born June 24, 1952, said his father, who built more than 1,000 homes in northeast Ohio and then moved into building Kmarts across the country before dying in 2004 in age of 77, had a profound impact on his life.
“All I’ve done in my life was try to make my dad proud of me,” Wolstein said in a 2004 article in the CJN.
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