|Flagstone Property Group has a team of highly qualified professionals, each representing the best in their field. The Group is committed to designing and developing properties with distinction - developments that become area landmarks that are central to the communities they serve.|
|Mehmet Bayraktar founded Flagstone Property Group in 2001 to expand his real estate development activities, previously in Europe, to the U.S. and other international locations. Since forming the company, Mr. Bayraktar has identified professionals||from around the world in the areas of concept architecture, hospitality and project management, retail design, construction and finance and brought them into Flagstone. Detailed biographies are available for executives and committee members.|
Chairmain & CEO
Mr. Bayraktar is the founder of Flagstone Property Group and oversees all the day-to-day activities of the company and its subsidiaries. Mr. Bayraktar, who has traveled to the U.S. regularly since he completed his education in Ohio, relocated his family from his native Turkey to Florida in 2001 with the aim of expanding his real estate development business to the U.S.
Prior to his current position, Mr. Bayraktar was the Chairman and CEO of Bayraktar Holding, the holding company of his family's portfolio of businesses, ranging from real estate development to automotive component manufacturing and distribution, tourism, food processing and distribution, banking and financial services. Within Bayraktar Holding, Mr. Bayraktar also pioneered and was directly responsible for the family's real estate endeavors. Some of the real estate projects Mr. Bayraktar envisioned and developed include The Ataköy Complex in Istanbul; The Carousel mixed-use project in Bakirköy,Istanbul; and The Izmit Outlet Center in Izmit.
Mr. Bayraktar has served various industry associations and organizations, including:
Mr. Bayraktar holds a bachelors degree with majors in Marketing and Management from the University of Akron Business School in Ohio, which he attended after graduating from St. Vincent St. Mary High School in Akron, Ohio.
SHERWOOD M. (WOODY) WEISER
In His Memory
Member of the Advisory Board
Mr. Weiser is a member of the advisory board of Flagstone Island Gardens. In this capacity, Mr. Weiser, together with his firm, The Continental Companies, oversees all design and development aspects of the hospitality component at Island Gardens. Mr. Weiser and his team play a key role in working with Island Gardens? hotel flag. Mr. Weiser will also lead the asset management of the two hotels at Island Gardens.
Mr. Weiser is a partner and owner in the Ritz-Carlton, Key Biscayne and the Ritz-Carlton Philadelphia hotels. Since purchasing his first hotel more than 40 years ago, he has developed, owned and/or operated hundreds of hotels throughout the United States, the Caribbean and Latin America, among which are some of the most successful hotels in the world. Some of his best known Miami area hotel developments are the Grand Bay Hotel in Coconut Grove (Miami's first five-star hotel) built in the early 1980s and the Sheraton River House at Miami International Airport. Additionally he developed and operated internationally acclaimed Grand Bay Resort in Manzanillo, Mexico and the Grand Bay Hotel in New York City.
In 2000, Mr. Weiser, along with partners, purchased a 49% preferred stock ownership in Interstate Hotels (NYSE). Interstate is the largest independent hotel management company in the U.S., with over 300 hotels under management in the U.S. and in Russia.
Mr. Weiser is also Chairman and Chief Executive Officer of The Continental Companies, the surviving hotel company after the sale of Carnival Hotels to Penn National Gaming in April of 2001. Prior to the sale, Mr. Weiser was the Chairman and Chief Executive Officer of Carnival Hotels, a hotel and gaming management and development firm headquartered in Miami. In 1997, Carnival Hotels had entered into a merger agreement for part of the company with Patriot American Hospitality, now known as Wyndham Hotels (NYSE). Prior to the merger, Carnival Hotels, had total revenues of approximately $1.1 billion with some 17,000 employees and more than 85 hotels under management or development, comprising approximately 19,000 rooms.
Mr. Weiser, together with partner, Donald Lefton, founded The Continental Companies in the early 70s after having spent several years as special counsel and hotel consultant to ITT, including negotiating the acquisition of several hotels as well as the acquisition of Sheraton Corporation by ITT. Prior to this role, Mr. Weiser practiced law in Cleveland, Ohio and subsequently bought his first hotel in 1959.
Mr. Weiser has been honored with several awards, including the Joseph Wharton Business Statesman Award (1994), the Dade County Tourism Professional of the Year (1992), the Florida International University Award for outstanding community service (1992) and the Humanitarian Award from the National Conference of Christians and Jews (1998). He has also been extremely active in numerous civic organizations and has chaired various civic boards including:Business Directorships
Mr. Weiser is a 1952 graduate of the School of Business at Ohio State University and a 1955 honors graduate of Case Western Reserve University School of Law.
Member of the Advisory Board
A pioneer of the modern shopping center industry, Jean-Louis Solal innovated the suburban mall concept in Europe with the creation of the Société des Centres Commerciaux in 1962, and the opening of such widely acclaimed centers as Parly 2, Vélizy 2, Rosny 2, La Part Dieu, City 2 et Madrid 2 for which he won numerous awards. The outstanding success and strong performances of these and over 55 other centers developed or managed by SCC in France and elsewhere since has made the name of Jean-Louis Solal synonymous with the highest industry standards for regional shopping centers throughout Europe.
Mr. Solal has spent extensive time in the United Sates, attending George Washington University for his Bachelor of Arts and Master of Arts degree. He has extensive knowledge of the U.S. shopping center development industry, has long-term and close friendships with many leading U.S. shopping centers developers and investors.
In his shopping center development activities, he has adapted and adjusted the design and management features of U.S. enclosed malls to European market with strong attention to visual impact and circulation features. He has combined these features with a U.S. approach to anchor agreements, tenant leases and marketing concepts, which consistently have maintained his centers in the forefront of evolving demographics and retail consumer trends.
In addition to his activities in Europe, Mr. Solal has participated in the development concepts and leasing of several outstanding centers in the United States. His management intensity, vision, and marketing style has established a strong reputation reflected in close relationships with the leading retail chains throughout Europe.
M. Solal was born in 1928, is married with two children. He is widely travelled and enjoys an exceptional reputation in the shopping center development and management industry around the world. He is a former Trustee of the International Council of Shopping Centers and a founder and for 16 years Chairman of the Council's European Committee.
He was Chairman of the First World Congress of Shopping Centers (Hong Kong 1990). He is a founding member trustee of the Real Estate Center advisory Board of the Wharton School of Business of the University of Pennsylvania and is noted and frequent industry spokesman as author of the shopping centers "Mega Trends" (1991).
Mr. Solal founded his own company JEAN-LOUIS SOLAL INVESTISSEMENT in 1992. He was co-developer with Gerald D. Hines of Diagonal Mar in Barcelona.
He is co-developing with MAB "La Fiesta" in Saint-Quentin-en-Yvelines and leasing it (opening end 2004).
In recognition of his personal contributions and influence on the evolution of retail industry in France, M. Solal was made Officer of the French Legion deHonneur in 1999.
ERIC R. KUHNEL
Concept Architect [and Member of the Advisory Board]
Mr. Kuhne is the concept architect of Island Gardens and a member of the advisory board of Flagstone Island Gardens. In this capacity, Mr. Kuhne, together with Mr. Bayraktar, developed the conceptual design of Island Gardens.
Mr. Kuhne is also the Managing Partner and founder of Eric R. Kuhne and Associates, an international research and design consulting firm dedicated to the reintegration of architecture, landscape and civic arts. Mr. Kuhne and his team at Eric R. Kuhne and Associates have played an important role in the development of the design of the Project. Mr. Kuhne has been working as an international designer and consultant for nearly 30 years and is dedicated to applying a research and market-oriented approach to design.
His numerous and award-winning projects span four continents, some of which are:
In addition to awards for the above-mentioned projects, Mr. Kuhne has received numerous awards, including:
Mr. Kuhne is a member of the American Institute of Architects, and is a registered architect in New York State.
Mr. Kuhne earned a Masters of Architecture degree with honors from Princeton University and Bachelor of Art degrees in Art and Architecture from William Marsh Rice University.
Chief Operating Officer and Member of the Advisory Board
Mr. Ferhangil is Chief Operating Officer and Advisory Board Member of Flagstone, and, in this role, he is responsible for the overall financial planning and strategy of Flagstone Property Group. Mr. Ferhangil and Mr. Bayraktar have known each other for over 15 years, having first met during the development of the Atak?y Complex project.
Mr. Ferhangil is also a Managing Director of BF Capital Partners LLC, a financial advisory and investment banking firm focused on complex, advisory-intensive assignments in real estate, steel and base metals industries, and other manufacturing businesses.
Prior to joining BF Capital Partners, Mr. Ferhangil held several positions including:
Mr. Ferhangil is an associate member of the Urban Land Institute and a member of the American Iron and Steel Institute.
Mr. Ferhangil earned a Masters of Business Administration from the Amos Tuck School at Dartmouth College and a Bachelor of Arts degree in Business Administration from Bosphorus University.
JOSEPH L. HERNDON
Mr. Herndon joined Flagstone in 2002 as the Project Director of Island Gardens, where he is responsible for obtaining approval of all project entitlements, programming, planning, governmental approvals, permitting, design, construction and opening, consistent with project budget and schedule Prior to joining Flagstone, Mr. Herndon has spent 24 years in the industry and has built a track record in project planning and management. His past experience includes: