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Article: Real Estate Watch: Development eyed for big tract in rural Plano.(Brief Article)
- Article from:
- Crain's Chicago Business
- Article date:
- January 29, 2001
- Author:
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Copyright informationCOPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When Peter Palumbo, a British developer and devotee of fine architecture, acquired the famed Mies van der Rohe-designed Farnsworth House in Plano in 1972, he liked the countryside around the small farming town so much that he began buying up adjacent tracts.
In recent years, his stranglehold on local property has kept other developers at bay. As subdivisions spread west from the Fox Valley, Plano remained an island of bucolic serenity.
Now, Lord Palumbo, who has opened Farnsworth to the public while his visits to the area have become less frequent, is preparing most of his land for development. A company controlled by a family trust, City Acre Investment ...
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Article: Trouble in the family
The Independent - London;
April 9, 2000 ;
277 words
......nightclub, and his father, resulted in a High Court writ when James sued Lord Palumbo for mismanagement of the family trust. The pair fell out following Lord Palumbo's remarriage a few months after the death of James' mother Denia and they...
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