Paul Milstein
| Paul Milstein | |
|---|---|
| Born |
May 12, 1922 Manhattan, New York, U.S. |
| Died | August 9, 2010 (aged 88) Manhattan, New York, U.S. |
| Occupation | real estate developer |
| Spouse(s) | Irma Cameron |
| Children | Roslyn Milstein Meyer Howard Milstein Barbara Milstein Zalaznick Edward L. Milstein |
| Parent(s) | Morris Milstein |
| Family | Seymour Milstein (brother) |
Paul Milstein (May 12, 1922 – August 9, 2010) was an American real estate developer and philanthropist.
Milstein was born to Jewish family in Manhattan and raised in the Bronx. In 1919, his father Morris Milstein, an immigrant from Russia and who started out as a floor scraper, founded the Circle Floor Company, Inc., a wood flooring company, and later, the Mastic Tile Company, a vinyl flooring company.
Milstein attended DeWitt Clinton High School and New York University for two years before joining the U.S. Army during World War II where he served in the Army Signal Corps in Missouri. After the war, he returned to the family business eventually become president of the wood flooring side of the company while his brother Seymour Milstein served as president of the vinyl flooring side of the business. Circle Floor expanded into floor tiles, acoustical ceilings, and drywall construction and won contracts to install flooring in several New York landmarks including Rockefeller Center, the United Nations Building, and both John F Kennedy Airport and LaGuardia Airport.
Milstein launched the family's first real estate development projects in the 1950s in partnership with his brother Seymour. Through various family controlled entities, the Milstein family has built or bought multi-family residential properties with more than 50,000 apartments, 8,000 hotel rooms and 20,000,000 square feet (1,900,000 m2) of office space. Their companies, Milstein Brothers (MB) Real Estate and Milford Management, manage the organization’s residential and commercial space. The family made its mark in Manhattan as Paul Milstein saw and seized the potential in numerous transitional neighborhoods. Paul and his sons, Howard and Edward, invested in large-scale building projects that catalyzed growth, development and revival.
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