The Cordish Companies

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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.cordish.com
The Pratt Street Power Plant houses the headquarters of The Cordish Companies

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[edit]

Notable properties owned by the company are as follows:

Property Name Location
Ashley Landing Charleston, South Carolina
Bayou Place Houston, Texas
Boulevard at Capital Centre Landover, Maryland
Fourth Street Live! Louisville, Kentucky
Power & Light District Kansas City, Missouri
Live! Hotel and Casino Philadelphia Philadelphia, Pennsylvania
Maryland Live! Casino Hanover, Maryland
Power Plant Live! and the Baltimore Power Plant Baltimore, Maryland
Rainbow Centre Factory Outlet Niagara Falls, New York
Seminole Hard Rock Hotel & Casino Hollywood Hollywood, Florida
Seminole Hard Rock Hotel & Casino Tampa Tampa, Florida
St. Louis Ballpark Village St. Louis, Missouri
Tanger Outlets The Walk Atlantic City, New Jersey
Towson Square Towson, Maryland
Xfinity Live! Philadelphia, Pennsylvania

History[edit]

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[edit]

References[edit]

  1. ^ Gately, Gary (August 24, 2016). "Real estate riches rooted in family, Baltimore for Cordish Cos". Crain Communications. 
  2. ^ "Bayou Place tenants still under wraps". American City Business Journals. September 1, 1996. 
  3. ^ McQuaid, Kevin L. (October 23, 1999). "Cordish wins national award for work in downtown Houston". Baltimore Sun. 
  4. ^ Kilar, Steve (June 3, 2012). "With new casino opening, a look back at Cordish's gambling record". Baltimore Sun. 
  5. ^ Little, Robert; Adams, Mike (March 14, 2004). "A developer bets on Florida fortune". Baltimore Sun. 
  6. ^ HUETTEL, STEVE (March 11, 2007). "Once allies, Seminoles and Cordish now at odds". Tampa Bay Times. 
  7. ^ 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. 
  8. ^ SNEL, ALAN (August 18, 2014). "Report: The Cordish Cos. was sued for racial discrimination". Las Vegas Review-Journal. 
  9. ^ Dornbrook, James (June 16, 2015). "Court throws out racial discrimination case against Cordish". American City Business Journals. 
  10. ^ MacDonald, Tom (July 17, 2015). "Claims of racism against Cordish bogus, NAACP says". American City Business Journals. 
  11. ^ Collins, Leslie (July 6, 2017). "Appeals ruling may send Cordish back to trial in discrimination case". American City Business Journals. 
  12. ^ "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. 
  13. ^ Sherman, Natalie; Barker, Jeff (December 1, 2016). "Cordish plans $2.2 billion hotel and entertainment district in Spain". Baltimore Sun. 
  14. ^ Lazo, Luz (September 21, 2016). "Maryland Live expands with hotel rooms, says it remains 'the big boy in town'". The Washington Post. 
  15. ^ Capriel, Jonathan (June 28, 2016). "Cordish to build $200 million hotel for Live casino". Baltimore Sun. 
  16. ^ Lazo, Luz (June 26, 2016). "Construction booms at Maryland Live casino as competitor MGM readies to open". The Washington Post. 
  17. ^ Fritze, John (April 29, 2017). "Baltimore developer Reed Cordish has big job in the Trump administration: Fix the government". Baltimore Sun. 
  18. ^ Simmons, Melody (April 3, 2017). "Reed Cordish is one of the richest members of Trump's administration". American City Business Journals. 
  19. ^ "Cordish Cos. breaks ground on $250 million Texas Live". Baltimore Sun. March 30, 2017. 
  20. ^ Drummer, Randyl (October 24, 2016). "Site Work Begins For $250 Million Texas Live! Stadium Entertainment District". CoStar Group. 
  21. ^ "Ad Hoc Group Against Crime - Kansas City". Ad Hoc Group Against Crime. Retrieved 2015-06-24. 
  22. ^ "BBJRE Project of the Year: Maryland Live casino - Baltimore Business Journal". American City Business Journals. Retrieved 2015-06-24. 
  23. ^ Masco, Mike. "Maryland Live! receives business award". Retrieved 2015-06-24. 
  24. ^ Design, Sidus. "Anne Arundel Economic Development Corporation". www.aaedc.org. Retrieved 2015-06-24. 
  25. ^ "Greater Baltimore Committee" (PDF). 
  26. ^ "2007 Landmark Awards Dinner - Houston Business Journal". American City Business Journals. Retrieved 2015-06-24. 
  27. ^ "Downtown Louisville entertainment, retail center nets Cordish another award". April 30, 2005. Retrieved 2015-06-24. 
  28. ^ "Pratt Street Power Plant -SourceWatch". www.sourcewatch.org. Retrieved 2015-06-24.