Rochester businessman David Flaum, who died last week at age 67, was an influential developer and philanthropist in Monroe County who additionally made high-profile investments within the Albany area.
As CEO of Flaum Administration Co. Inc., he was a part of the three way partnership that purchased the Latham Farms procuring middle last year for $73.7 million.
In April, the corporate paid $2 million for the previous State Farm name middle in Malta after the empty, 124,171-square-foot constructing was flipped by another investor who bought the Saratoga County property in an auction.
Flaum additionally owned a strip mall in Queensbury and a retail constructing on Wolf Street.
Flaum was maybe greatest identified regionally for his makes an attempt a number of years in the past to get state approval to construct a $300 million on line casino.
He initially focused the run-down former Tobin First Prize constructing in Albany, after which land on the outskirts of the town owned by relations of U.S. Sen. Kirsten Gillibrand.
After not getting help from metropolis leaders, he partnered with Laborious Rock On line casino and Capital District OTB on a proposal across the Hudson River in the city of Rensselaer.
Schenectady finally received the competitors for the area’s sole business on line casino license.
A narrative on the web site of WXXI Information in Rochester stated Flaum was the son of Holocaust survivors.
A Republican who served as nationwide chairman of the Republican Jewish Coalition, he was appointed by former President George W. Bush and by President Donald Trump to the Holocaust Memorial Museum Council and U.S. Holocaust Memorial Museum, respectively.
He additionally crossed social gathering traces to endorse Gov. Andrew Cuomo, a Democrat, and contributed cash to his election campaigns.
Flaum served on the board of trustees for the College of Rochester and his alma mater, Syracuse College. It was in his freshman 12 months that he met Alan Richer of Saratoga Springs.
“I met him my very first day of faculty,” Richer stated. “It was 1972. We had been each enterprise majors. We grew to become quick associates, fairly immediately.”
They pursued completely different paths however remained shut. Richer is a retired Common Electrical Co. senior tax counsel whose passion — researching the Saratoga potato chip — has produced an unlimited memorabilia assortment and experience in a slice of American manufacturing historical past.
“Quite a lot of instances individuals turn out to be profitable they overlook a few of the individuals however he by no means did,” Richer stated. “He used to inform me I used to be the one particular person he might name for unfiltered recommendation. Everyone else informed him what they thought he needed to listen to.”
Flaum was beneficiant along with his money and time. Richer recalled the time he informed Flaum he was coping with a critical well being drawback.
“I used to be having bother discovering the best care in Albany,” Richer stated. “[Flaum] stated keep the place you might be. The subsequent minute the top of the hospital in Rochester known as me and stated to come back tomorrow. He did essentially the most unbelievable issues for me and my household.”
Howard Carr, a longtime business actual property dealer, first met Flaum when Carr served because the court-appointed receiver for the Queensbury strip plaza throughout a dispute over management of the property.
“He had his personal means of doing issues by way of making tenants completely satisfied,” Carr stated, “giving them what they needed. He was superb at a distressed asset and saying, you recognize what, that may work for ABC firm. He did have that foresight.”