About Tahoe Beach Club
In 2002, Beach Club, Inc. acquired a 20-acre parcel of land being used as a mobile home community on the south shore of Lake Tahoe. The acquisition offered a unique opportunity for re-development of the area into an exclusive residential community on the Lake. Principals Bob Mecay and Gary Sabin proceeded through the conception, design and TRPA approval to develop the TAHOE BEACH CLUB on the shores of South Lake Tahoe in Stateline, NV. Six years later, the TAHOE BEACH CLUB received unanimous approval.
Each of the principals of Beach Club Inc. contributes significant experience in the acquisition, development and managing of major commercial and multi-family residential real estate projects in Minnesota, California and Nevada and together have a proven track record of success.
Gary Sabin, Chairman
Mr. Sabin is Chairman of Excel Realty Holdings, LLC, a private real estate group focusing on the development, acquisition and management of commercial properties. He is also the Chairman of Excel Interfinancial Corporation, which is a private investment company focused on public securities though its ownership of Excel Advisors, LLC. His involvement in the real estate and securities industry started with the founding of his real estate company in 1977. SInce then, he has been actively involved in the acquisition, financing and management of approximately$10 billion dollars of real estate projects worldwide. Mr. Sabin was formerly the CEO of Price Legacy Corporation, which was subsequently sold to an affiliate of Kimco Realty as well as the founder and CEO of Excel Realty Trust, which merged into the New Plan Realty Trust.
Mr. Sabin currently serves as Vice Chairman of the National Board of Trustees for the Cystic Fibrosis Foundation and also serves on the board of trustees for Deseret International and Boy Scouts of America and is the founder and Chairman of The Sabin Children's Foundation, which focuses on healthcare for children in need.
A graduate of Brigham Young University, Mr. Sabin holds a Master's Degree from Stanford University's Graduate School of Business as a Sloan Fellow. He and his wife, Valerie, are the parents of five children.
Bob Mecay, President
KBM Enterprises (KBM) has been in business for over 30 years, and is headed by Robert M. Mecay, who serves as the Company's president. KBM has developed, constructed, managed and marketed over 100 separate real estate projects. These projects include residential and commercial properties, ground up construction and rehabilitation.
Mr. Mecay began his career in residential real estate management and development in 1972 in Minneapolis. He initially purchased, renovated and managed university housing properties. Mr. Mecay then focused on townhouses (for resale). His projects included The Manor Homes of Old St. Anthony, The Manor Homes of Lowry Hill and The Calhoun Isles. Most of these developments were inner-city projects. The Calhoun Isles development consisted of market-rate residential units. KBM is also well known for its conversion of the Harmon Hotel in downtown Minneapolis, which was restored as condominiums.
KBM has been a leader in preserving historically significant properties while converting them into modern uses. For example, in 1975, Mr. Mecay purchased the Calhoun Manor, an elderly housing project in Minneapolis on Lake Calhoun. Mr. Mecay, KBM and his partner embarked on a renovation to convert the property to the name on the 1928 cornerstone "The Calhoun Beach Club". They researched the history of the building and discovered that the building had never become what it was designed to be. The original developer went broke during the depression and the building sat vacant until 1945. Mecay and his partner commenced a significant rehabilitation and repositioning of the non-performing property, creating 76 apartments, a 50,000 square foot Athletic Club with indoor and outdoor pools, racquetball and squash courts, tennis courts and outdoor amenities such as sail boats, canoes, windsurfers, bikes, roller blades, a banquet facility (which became the number one ballroom in Minneapolis) plus 4 meeting rooms and 2 restaurants. This was the first renovation project financed by the Minnesota Housing Finance Agency.
Most recently, Bob Mecay completed the $80 million "Calhoun Beach Club Apartments" project. This project was built on the parking lot of the Calhoun Beach Club, and consisted of over 356 luxury residential units, a 750 car parking ramp (almost entirely concealed) and over 75,000 square feet of commercial space. The entire new construction was tied together with the old structure to make the two seamless and function as one complex. Further information on these two projects is available at www.calhounbc.com and www.calhounbeachclub.com.
Mecay's company along with Excel (Gary Sabin's company) completed the acquisition of a 20 acre parcel of property in Anaheim, CA across from Disneyland and the AnaheimConvention Center. The mixed use project called "The Gardenwalk" opened in May 2008. The Gardenwalk Development consists of 440,000 square feet of grossed leased retail area, a 1,200 car parking ramp, and 1,100 hotel and timeshare units.
In addition , Mr. Mecay's companies have owned and managed numerous apartment and commercial projects in Minnesota, California and Nevada over the past 30 years.
Tom Castaneda, Vice President, Sales & Marketing
Thomas P. Castaneda has been active in the residential & commercial real estate industry for over 25 years as a Pricipal Broker and has been involved in the acquisition, financing, development and sales of multiple projects across the country. Recent notable developments include his work with KBM Enterprises on the Calhoun Beach Club, Calhoun Isles townhomes & condominiums and the Anaheim Gardenwalk.
Rick Miur, Director
Richard B. Muir has been active in the commercial real estate industry for over 25 years. He previously served as Chief Operating Officer of three publically held real estate investment trusts giving him a broad range of experience in all aspects of real estate ownership and management including: Acquisition due diligence, debt and equity financings, new project planning and development and property management.
Doug Brundage, Director
Eric Otteson, Director
Secretary since 1994, Mr. Otteson also currently serves as a Director of The Sabin Children's Foundation. He has served as a Senior Vice President/General Counsel and Secretary of the following public companies: Excel Realty Trust, Inc., New Plan Excel Realty Trust, Excel Legacy Corporation, and Price Legacy Corporation. Prior to 1994, Mr. Otteson was senior partner of a California law firm. He received a Juris Doctorate from Southwestern University and a Bachelor's degree from Brigham Young University.