Mike Dubb, along with his Beechwood Organization, dedicated 35 years to constructing 7,500 homes downstate. If you want to know more about Michael Dubb net worth, wife, date of birth, wiki-bio please give us time to update to give you authentic information, we don’t elongate our posts with false points and useless elaborations! He’s 64 years old as of 2023.
Now, in a new chapter of his career, Dubb is embarking on the venture of building homes in Saratoga Springs, a location close to his heart and less than three miles from the Saratoga Race Course. This holds special significance for Dubb, who has been a regular visitor to the thoroughbred racetrack since he was just 17 years old.
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Michael Dubb Net Worth
Michael Dubb net worth as of 2023 is as high as $2 Million, here’s why:
Dubb and Beechwood are currently in the process of constructing 53 houses in the Oak Ridge development, strategically located between the track and Saratoga Lake. These homes have been meticulously detailed, offering a range of sizes from 2,200 to over 6,000 square feet. Prospective homeowners can expect a variety of options, with prices ranging from $850,000 to $2 million or more, catering to different preferences and needs.
Michael Dubb: Future Goals & Projects
Dubb is considering other properties in the city for potential projects in the future.
He was drawn to the rural setting off Meadowbrook and Dyer Switch roads, as well as the possibility of building 4 , 5, and 6 bedrooms homes with upscale finishes, spacious porches, and garages hidden behind the homes. According to Dubb, the Oak Ridge by Beechwood project aims to replicate the “old Saratoga” architecture found along Union Avenue and North Broadway.
Over the next three to four years, he anticipates that the 53 homes will be sold, and he is not concerned that the project will be jeopardized by the post pandemic economic downturn.
So, his net worth will go substantially if you add values of 53 more properties.
“Post pandemic and the economic effects cannot take away the beauty and desirability of Saratoga,” Dubb said. “We may lose some restaurants and hotels. A few individuals may struggle. Long term, Saratoga is too strong … One or two economic rough years does not a town make.”
Michael Dubb & His Racing Associations
Dubb, now 64, started exploring Saratoga Springs as a teenager, developing a deep passion for thoroughbred racing over the years. He’s not just a spectator; Dubb actively contributes by serving on the board of the nonprofit organization managing Saratoga Race Course, the New York Racing Association. His love for racing extends to being a top owner at the track seven times.
In addition to building homes, Dubb and Beechwood are creating a childcare facility in Saratoga Springs. This facility is a gift to the children of Saratoga Race Course backstretch employees. Nearly two decades ago, they did a similar kind act by constructing and donating a building at Belmont Park, another thoroughbred racetrack.
Despite the challenges posed by the pandemic, which has affected Saratoga Race Course operations, Dubb, who has owned property in Saratoga Springs for a decade, remains hopeful about the track and the vibrant community of Saratoga Springs.
Who is Michael Dubb?
The largest developer of family attached and multifamily housing in New York, The Beechwood Organization, is led by founder and CEO Michael Dubb. Beechwood has created more than 60 villages, 7,500 residences, a luxury apartment complex, and shopping malls since 1985.
He also has affiliations with a number of horse racing organizations.