DAVID MALMUTH
David established his development firm in 2010 with a singular focus: creating art- inspired places that transform communities. This passion grows directly from the rebirth that occurred in Times Square and Hollywood as a result of his well-conceived and executed projects. In 2011, David and Pete Garcia formed I.D.E.A. Partners to lead the creation of the I.D.E.A. District (Innnovation+Design+Education+Arts) in downtown San Diego. This transformative initiative aims to create over 10,000 design jobs in the next 12 years.
Prior to starting his own firm, David was the founder and a Managing Director for seven years with RCLCO’s Development Services Group. David drew upon his 25 years of experience in the development business, which included completion as principal developer of over $1 billion in high-profile projects, to assisting numerous clients in the planning and execution of mixed-use, entertainment, and waterfront developments.
Between 1996 and 2002, David was a Senior Vice-President at TrizecHahn Development Corporation. During his six-year tenure, he was the key project executive on Hollywood & Highland and the Kodak Theater in Hollywood, CA (with architects
Stan Eckstut and David Rockwell). During this same period, he initiated the development effort on Paseo Colorado in Pasadena, CA (also with Stan Eckstut).
Previous to his position at TrizecHahn, David was Vice-President/General Manager at Disney Development Company-West. During his nine years at The Walt Disney Company, he managed the development of over $200 million in projects including The Feature Animation Building in Burbank (with architect Robert Stern) and Disney Ice in Anaheim (with architect Frank Gehry).
From 1993 to 1996 he spearheaded Disney’s restoration of the New Amsterdam Theater in New York (with architect Hugh Hardy) and the highly acclaimed development of additional retail/entertainment business on New York’s famed 42nd Street.
Prior to joining The Walt Disney Company in 1988, David was a Vice-President at McCarthy Building Companies and was responsible for the start up of their successful Newport Beach, CA. office beginning in 1984.
Education
Master of Business Administration; Stanford University Bachelor of Arts; Claremont McKenna College
Professional Affiliations
* Full Member of the Urban Land Institute (ULI) – Policy and Practice Committee, Jury for the ULI Awards for Excellence – Americas (2010-2012)
* Founding Board Member of Disney Goals, a non-profit entity that provides underserved Anaheim youth with positive options through sports, academic training, and community service.
Significant Projects
The New Amsterdam Theater, New York, NY
Led development and revitalization efforts for the $36 million New Amsterdam Theatre / Disney Store in New York, NY. This project led to the broader rebirth of 42nd Street accomplished by the 42nd Street Development Project Inc. (a joint city-state agency) and numerous private entities including AMC Theaters and Madame Tussaud’s.
Hollywood and Highland, Hollywood, CA
Project executive on Hollywood & Highland, a $615 million retail / entertainment / hotel complex. The mix includes 360,000 sq. ft. of fashion retail and 11 restaurants, a six-plex addition to the adjacent Grauman’s Chinese Theater, the 40,000 sq. ft. Grand Ballroom operated by Wolfgang Puck Catering, the 640-room Hollywood Renaissance Hotel, and the 3600-seat Kodak Theatre, home to the Academy Awards.®
Paseo Colorado, Pasadena, CA
Led the effort in the reimagining and development of a failed mall on Pasadena’s main street, Colorado Blvd., into a successful mixed-use project with 450,000 sq. ft. of upscale retail, restaurants and a 16-screen cinema,
391 luxury rental units (developed by Post Properties), and beautiful public spaces connecting the project to the City’s historic core.
Second+pch, Long Beach, CA
Lead developer on a $362 million mixed-use develop- ment on a 10.9 acre marina-front site at the eastern gateway to the City. The project consists of 220,00 sq. ft. of upscale retail and restaurants, 325 for-sale residential units, a 100-key boutique hotel operated by Joie de Vivre, and cultural/educational amenities including a 99-seat theater which will be the home of Cal Rep and a 4,000 sq. ft. Coastal Learning Center to be operated by the Marine Studies department at CSULB. The project is in the entitlements phase with Long Beach City Council approval anticipated in the summer of 2011 and Coastal Commission approval approximately one year later.
