Michael Pierson
Developer's Perspective
Since 1976, Michael Pierson has been developing timeless, one-of-a-kind custom homes that have commanded top sales figures in each market in which he has built. Over his 30 years of experience, Michael has formed a keen insight into the luxury home market. He intimately understands the subtle nuances of market opportunity.
Confidence, timing, knowledge and experience - these are attributes exemplified by Michael Pierson which provide investors with a sense of trust so critical to a successful partnership.
His luxury homes consistently set both sales and re-sale records. In the Telluride region, his homes pushed up the sales caps for the entire market. When the highest-priced home to ever transact in Telluride Mountain Village was at $3 million, his first spec home sold for $5 million. One of the homes Michael developed in Telluride for the CEO of Louis Vuitton Moet Hennessy still holds the record (on resale) for the highest price tag in the area. In Aspen in 2000, he built and sold the most expensive spec house in the U.S. that year (according to Sotheby's), plus the home was the first in Aspen history to achieve a sales price of $1,000/sf. In Maui, his Emerald Point home set a record at $7.5 million - a $5 million increase from the previous top dollar sale.
The value of a Michael Pierson Home is unsurpassed.
Michael Pierson Company, Inc., Rancho Santa Fe, CA Principal
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2003 to Present
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Abberdon Development Group, Telluride, Aspen, CO President, Managing Partner
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1995 to 2003
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Since 1995, the two firms have enjoyed the reputation as one of the finest custom building companies in the mountains of Colorado. As Managing Partner, Mr. Pierson has been responsible for the creation of the design, plus the construction and sale of numerous large and luxurious homes in Aspen and Telluride. These meticulously-crafted residences ranged in size and price from 4,250 square feet at $2,850,000 to 19,000 s.f. with an estimated value of $28,000,000.
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Abbott-Pierson Development, Lahaina, Maui, HI - Partner
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1986 to 1995
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As Managing Partner for nine years of this upscale custom home building company, Mr. Pierson was responsible for all aspects of the development process for a variety of custom homes and condominiums, as well as the highly acclaimed restoration of Maui's oldest Catholic church.
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Westgroup Inc., Los Angeles, CA - V.P. of Design and Construction
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1982 to 1985
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For this major owner of hotel and high-rise office building properties, Mr. Pierson was responsible for every aspect of their development and renovation process, which included the design plan, selection and supervision of all consultants and contractors, construction budgets, scheduling, F.F. and E. selection, cash flow projections and monitoring as well as relationships with governmental agencies. Mr. Pierson's experience encompassed large hotel properties in Dallas, Los Angeles, New Port Beach and Hawaii. The office buildings under his purview were located throughout California and Seattle.
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Pacific Architectural Design, Los Angels, CA - President
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1976 to 1982
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Mr. Pierson received his first six years of experience as the founder and co-owner of this metropolitan Los Angeles Design, Construction and Development firm, which engaged in developing and renovating a wide variety of residential and commercial projects. Michael was intimately involved in the architectural design process. From this experience, he developed detailed expertise in every aspect of the construction process and a reputation for the highest of quality, unusual creativity and complete client satisfaction.
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Present
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MICHAEL PIERSON COMPANY, INC, Rancho Santa Fe, CA 92067
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1986 - 2003
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ABBERDON DEVELOPMENT GROUP, LLC, Telluride, Aspen, CO
ABBOTT-PIERSON DEVELOPMENT, Lahaina, Maui, Hawaii
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Specifics on Various Projects
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$9.0 mil Oceanfront home. Six bedroom, 4 ½ baths. Lahaina, Maui. Sold January 2007 w/ $9.3 million back up offer.
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$9,650,000 Oceanfront Home. Four bedroom, 4 ½ baths. Lahaina, Maui. Completed April 2007.
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$10,000,000. Oceanfront Home. Four bedroom, 4 ¼ bath. Lahaina, Maui. Presently under construction. Completion in Fall of 2007.
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$4,750,000 Custom log and stone home measuring 8,400 square feet in Telluride Mountain Village, completed 1996.
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11,000 square foot custom log and stone home in Telluride Mountain Village. Land and Architectural package sold February 1999. Construction completed December 2000. Abberdon was retained as a consultant. Sold in 2006 for $11,000,000, which remains the highest price point ever garnered for a Telluride home.
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$12,000,000 custom log and stone home measuring 14,000 square feet in Aspen, Colorado. Sold in the Fall 1999 at full asking price ten days prior to Certificate of Occupancy.
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$2,650,000 custom home in Telluride. 4,250 square feet. Sold September of 2001.
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19,000 square foot French country home on eight acres. Ski in, ski out in Aspen, Colorado. Land and plans were sold as a package 2005.
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$7,250,000 Custom home on the 12th Tee of The Bay Course at Kapalua, Maui, HI. Sold at full asking price.
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Pearl I & II
Kaanapali
Maui, HI
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Pearl I completed and sold in 1991.
Pearl II land and plans were sold as a package in 1993.
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Holomakani
Kaanapali, Maui, HI
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$3,000,000 Custom Home. Completed July 1993.
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Pauamana-Lahaina
Maui, HI
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$600,000 Custom condominium. Completed July 1993.
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Kai Pali Place
Lahaina, Maui, HI
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$1,500,000 custom Home. Completed April 1992.
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Plans and permits for 10,400 square foot home in Aspen. Estimated value $15,000,000. Land, plans and entire package sold in 1996.
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Maria Lanakila
Church
Maui, HI
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Complete restoration of Maui's oldest Catholic Church (150 years). Developed scope of restoration, set budget, assembled entire project team. Monitored entire construction through completion. My services were volunteer.
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1982 - 1985
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WESTGROUP, INC., Los Angeles, California
Real Estate Development Firm
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Title:
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Vice President, Design & Construction
President of Westgroup Construction Co.
Partner
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Specifics on Various WESTGROUP Projects
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Biltmore Place Hotel
Los Angeles, CA
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Conversion of 1,022 guest room into 728 luxury rooms, completely remodeled all public areas, construction of new French bistro-type restaurant, relocate all registration, 18,000 square feet of new "back-of house", administrative office, upgrade existing laundry facility, remodel existing kitchen, remodeled all existing ballrooms and meeting rooms, completely renovated existing elevators, mechanical, plumbing and electrical systems, major asbestos removal, install complete fire/life security system, installed new audio-visual system and new computer system. Value: $26,000,000.
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Biltmore Place
Office Conversion
Los Angeles, CA
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Conversion of approximately 276,000 square feet of the existing 1,100,000 square feet available into first-class office space. Constructed new core, complete structural reinforcement, new mechanical, electrical, plumbing, elevator and energy management system. Value: $13,000,000.
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One Bunker Hill
Office Building
Los Angeles, CA
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Complete renovation of an existing 12-story California historical office building. Approximately 250,000 square feet. Reconfiguration and remodeling of existing core area; construction of an 11,000 square foot new custom design "glass house" addition; restoration of existing of main lobby of ornate marble, bronze and ornate plaster ceiling. Installation of state-of-the-art HVAC system. Modernization of existing elevators with a new microprocess overlay system. Value: $10,000,000.
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Pacific Mutual
Office Building
Los Angeles, CA
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Renovation of an existing 12-story California historical office building. Approximately 400,000 square feet. Complete renovation of all store fronts and retail space; replaced 1,200 old double-hung windows with new single glazed aluminum frame type. Renovate all bathrooms (30); complete exterior paint; repair of damaged terra cotta exterior veneer to its original condition, restoration of main lobby, remodeling of all public corridors. Value: $5,000,000.
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Kona Surf - Hotel
Kona, HI
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Renovation of 230 guest rooms, 10 suites and 2 supersuites of the Hawaiian resort completed in 2½ months during peak seasons. Value: $1,500,000.
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Adolphus Hotel
On-going maintenance
Dallas, TX
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On-going maintenance of Westgroup's Five-Star Dallas Hotel. Complete renovation of the Grill Restaurant, remodeling of lobby lounge bar and entrance; improved lighting design for Porta Cochere drive entrance as well as main lobby.
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Exchange Building
Office Building
Seattle, WA
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Complete renovation of the first floor lobby. New ornate detailed plaster ceiling; restoration of marble flooring, custom design etched glass storefront, custom designed bronze lighting fixture. Value: $600,000.
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Newporter Inn - Hotel
Newport Beach, CA
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Renovation of a 300-room hotel. Addition of 100 rooms. Rework of all public areas and meeting rooms. Value: $6,000,000.
Please Note: Westgroup purchased this property three months prior to my resignation. My involvement consisted of the development of scope, budget and scheduling for the six-month period prior to closing escrow and the three months after. During that time we were able to make selection of the F.F. & E., finalized design for the 100-room addition, as well as the reconfiguration of the lobby and main public area.
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- The following office buildings were on a constant tenant improvement program. My responsibilities entailed the development and review of all design, budgets and the monitoring of construction:
- 617 West 7th Street, Los Angeles, California - 225,000 square foot parking; 350-parking garage
- Security Pacific Bank Building, Long Beach, California - 115,000 square feet
- Security Pacific Bank Building, Pacific, California - 118,000 square feet
- Security Pacific Bank Building, Hollywood, California - 58,000 square feet
- Security Pacific Bank Building, Fresno, California - 58,000 square feet
- Pacific Mutual Building, Los Angeles, California - 400,000 square feet parking, 285-car parking garage
- One Bunker Hill, Los Angeles, California - 250,000 square feet
- Exchange Building, Seattle, Washington - 360,000 square feet
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1976 - 1982
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PACIFIC ARCHITECTURAL DESIGN, INC.
Los Angeles, California
A Design/Build Firm
Title: Founder and President
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