LOS ANGELES--(BUSINESS WIRE)--Frank McCourt, owner of the Los Angeles Dodgers, today named leading real estate industry executive Geoffrey Wharton as president of the John McCourt Company (JMC). JMC, the real estate and construction arm of the McCourt Group, recently moved its headquarters from Boston to Los Angeles. The company’s holdings include the nearly 300 acres in Chavez Ravine.
Initially, Wharton will be responsible for concluding the entitlement process and overseeing construction of the Next 50 plan that preserves and enhances Dodger Stadium. The multi-faceted stadium improvement plan will bring the most modern amenities to Dodger fans while preserving the traditional features of this historic venue, first opened in 1962. The improvements are designed to ensure Dodger Stadium's place as the home of Los Angeles baseball for the next 50 years.
Wharton comes to JMC from Apollo Real Estate Group, now known as AREA Property Partners, where he oversaw the master planning and entitlements for Sunset La Cienega in West Hollywood and the Columbia Square project in Hollywood. He also was a consultant to the Georgetown Group on the master plan for the Sony complex in Culver City. Prior to Apollo, he led Silverstein Properties’ role in developing a master plan for the World Trade Center site and the development program for 7 World Trade Center.
From 1983 to 2001, Wharton was with Tishman Speyer Properties, most recently as a Senior Managing Director. His responsibilities included acting as the partner in charge of the redevelopment of such properties as Rockefeller Center, the Chrysler Center and 666 Fifth Avenue. He also served on a study group that worked with the New York Yankees on the location and design of their stadium project. Previously, he was responsible for the company’s leasing activities in New York, Chicago, San Francisco as well as in Frankfurt and Berlin.
“We are thrilled to have someone of Geoff’s caliber and experience joining us to lead a project as important as the Next 50,” McCourt said. “My family has a long history of construction and development on the East Coast, dating back to the 1800s, and we look forward to planting our development roots firmly in Los Angeles, beginning with the Next 50.”
“I’ve known Frank and Jamie for the past 15 years, and I look forward to taking the vision for the Next 50 and making it a reality,” Wharton said. “It’s a great plan to protect Dodger Stadium and enhance the fan experience while making Chavez Ravine a year-round destination. As president of JMC, I now have the responsibility of helping to carry the McCourt development legacy forward on the West Coast in a company that bears Frank’s great-grandfather’s name.”
JMC, established in 1893, is headquartered in downtown Los Angeles, in a recently acquired office building on College Street. Wharton has relocated to Los Angeles from his home in New York.
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