Darrell A. Young
Mr. Young is a Managing Director with Hemisphere Development and is responsible for all site development and construction activities. Mr. Young graduated from The Ohio State University, Columbus, Ohio, in 1971 with a Bachelor of Science in Business Administration, majoring in real estate.
Mr. Young has over thirty years experience and proven results in all facets of commercial, industrial and retail construction, real estate development, real estate financing and management. His reputation as an exceptional construction and real estate executive has been built on integrity, creativity, and an extraordinary work ethic, supported by unique leadership qualities, communication skills, and entrepreneurial spirit, with an uncompromising commitment to quality and customer satisfaction.
Mr. Young’s career history has included extensive experience in all aspects of real estate development, construction, brokerage and investment. As Chairman and Chief Executive Officer of Darrell A. Young Corporation, founded in late 1990, he provided full service construction and real estate services for commercial, industrial, residential, and retail customers. Projects completed include construction of several Revco and Rite Aid Drug Stores, Office Max, Staples, HomePlace, Hollywood Video, Kmart, Aldi’s, Wholesale Distribution Facilities, Borders Books, United States Postal Facility, Surgical Clinics, Wendy’s Restaurants, Corporate Offices, Legal Offices, etc. Construction services provided by competitive bid, design build, negotiated contract, fixed fee (open book) basis as required. Mr. Young directed all operations of this $30 million business with responsibility for profitability, sales, strategic planning and implementation of management policies.
Mr. Young also served as President of Figgie Properties Inc., Wickliffe, Ohio, a Division of Figgie International Inc., focusing on commercial, industrial, retail and residential real estate development and land planning corporate real estate for over twenty- five (25) operating units. He reported directly to the Chairman/CEO. In this capacity, Mr. Young directed all areas of division management including preparation of five (5) year financial goals, management and supervision of staff in four states (including legal and accounting professionals), financial analysis, zoning and related presentations, architectural and land planning, development and construction, establishment of design criteria and related enhancements, sales, marketing and management of four (4) mixed use real estate developments comprised of raw land, office parks, industrial parks, eighteen hole public golf course, self serve storage units, commercial shopping centers and residential communities, totaling over 3,000 acres, representing over $400 million in asset value.
Mr. Young’s responsibilities also entailed negotiating and administering all real estate transactions for all operating units, (including retail, industrial and commercial leasing), as well as corporate acquisitions and dispositions, domestically and overseas. Mr. Young interacted with senior management to outline and recommend short and long term strategies with regard to all owned and leased facilities (in excess of five million square feet), including site selection, facility expansions and closings, sale and lease-back alternatives, financing techniques, facilities management and maintenance, common area cost control, security, environmental analysis and compliance and construction management.
Mr. Young also was the President and CEO of Howard Corporation, a firm specializing in commercial, industrial, and retail general contractor and construction management. In this capacity, Mr. Young directed all operations, with responsibility for profitability, sales, strategic planning and implementation, budgeting, contract negotiations, bidding strategy, documentation of construction techniques and implementation of design build construction process for office buildings, medical facilities, shopping centers, industrial buildings, theaters, fast food restaurants, technical medical facilities, nursing homes, retail outlets, and build to suit transactions.
Mr. Young has actively been involved in a variety of community and non-profit boards including the following: Vice Chair of the Playhouse Square Foundation; Chair of the Real Estate Committee; Board Chair of Montefiore Housing Corporation; Trustee of the Jewish Community Federation, Executive Committee; Chair of the Facilities Committee, Jewish Community Center of Cleveland; Executive Committee of the Jewish Community Center of Cleveland; Chair of the Budget Committee, Jewish Community Federation; Former Board Chair of the Montefiore Foundation; Former Vice-Chair of the Cuyahoga Community College Foundation; Former Trustee of the Center for Dialysis Care; Former Board Chair of Montefiore (240 Bed Nursing Home, Hospice, Home Care – 501C3 institution); Former Trustee of Mt. Sinai Medical Center; Former Member of the Air Service Development Committee, Greater Cleveland Growth Association; Former Member of Build Up Greater Cleveland Policy Committee, Greater Cleveland Growth Association; Former Trustee of the Beachwood, Ohio Chamber of Commerce; and Look Up To Cleveland Program (High School Civic Vision Program), Greater Cleveland Growth Association.