America 1919-Chapter 827 - 283, from 130 million to 200 million_2
Chapter 827: 283, from 130 million to 200 million_2
Jack Morgan and Andrew Mellon looked at each other, smiles evident in their eyes.
“What we’re worried about is that you might not take responsibility for this matter!”
Clearly, both of them had their own thoughts. Having collaborated with Donnie many times over a long period, they believed they had some understanding of Donnie’s mindset.
When Donnie insisted on taking the initiative in a business deal, it actually indicated how much he cared about the venture!
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Subsequently, Donnie asked them how much they were each willing to invest.
Jack Morgan and Andrew Mellon had previously discussed this matter, so they gave Donnie an answer: $35 million each, forming a total of $200 million together with Donnie’s $130 million.
Consortiums like Morgan and Mellon, despite possessing vast amounts of cash, had many areas to invest in and also had significant cash reserves.
Additionally, their own companies had professional analysis teams, which clearly believed that $35 million was already sufficient for this investment!
Moreover, since the two of them were joining, they would have to set up a new real estate company to handle the matter; $70 million was just enough to avoid exceeding Donnie’s shares in the company. Everything was just right!
After agreeing on the broad direction, naturally, some detailed issues followed.
First, the three agreed on the name of the real estate company—Miami Real Estate Company; the name was just that simple and unadorned!
Then, Donnie introduced Winston Marl to Jack Morgan and Andrew Mellon, stating that he would be in charge of the general direction of Miami Real Estate from behind the scenes while Winston Marl would be in charge of specific matters in Miami.
Previously, when Donnie alone took care of the matter, all that was needed was to have someone keep an eye on Winston Marl. Now that Morgan and Mellon had agreed to let Donnie take charge mainly, they would definitely need to send their own people to oversee things, after all, $35 million was not a small amount!
Subsequently, the three began to look for suitable acquisition plots around the map of Miami.
First, it was certain to purchase the prime locations near the beach, followed by some business centers.
At this point, the advantages of the two major consortiums, Morgan and Mellon, were again on display. They stated that they could obtain advance knowledge of Miami’s city planning; anyone with experience in real estate knows how important this is for the industry!
This was also the reason Donnie was willing to have both sides join in!
After concluding their discussion on this matter, the three parted ways, but Donnie did not return to Atlantic City immediately; instead, he stayed in New York.
“Do you like the environment here?”
In a high-end apartment in Manhattan, Walker introduced Donnie to the situation here.
Donnie had acquired many estates nationwide, but had yet to purchase in New York; not because he didn’t want to, but because he already had a target, only that it wasn’t yet the right time to buy!
The estate Donnie had his eye on was the Vanderbilt Family estate in New York. Although this estate couldn’t compete with estates like Hearst Castle, the Marble House, or the Moor estate in fame, for the Vanderbilt Family, who loved building luxurious estates, their family estate in New York was also very lavish!
Only, the Vanderbilt Family had not yet officially declined, and Donnie was in discussions with them to acquire the New York Central Railroad, so it wasn’t the right time to discuss the estate.
Donnie didn’t want to stay in hotels, so he had Walker prepare a luxurious apartment for him in Manhattan!
“It’s very good!” Donnie said, standing in front of the floor-to-ceiling windows with the whole Wall Street in near view.
“I didn’t expect Morgan and Mellon would join your project!”
Walker took a bottle of whiskey out of the liquor cabinet, poured two glasses, and handed one to Donnie standing by the window.
“If you want, I can still bring you into this!” Donnie told Walker.
Walker shook his head: “No, let’s not. I don’t have as much energy as you do. At the moment, Block Building, hotel acquisitions, cash transfers—these matters are already giving me a headache. If I add Miami’s matter, I fear I won’t be able to sleep at night!”
After hearing this, Donnie laughed and said, “I think Maholi would be very happy about that!”
Walker gave Donnie a helpless look and decisively changed the subject: “How long do you plan to stay in New York?”
Donnie pondered for a moment, “I expect it will be for a while; I think Rockefeller should be getting the news soon.”
Walker nodded and said: “Rockefeller isn’t so easy to deal with. Even with Morgan mediating, they won’t be content with the New York Central Railroad Company matter!”
Donnie had already anticipated this consequence, but it didn’t matter anymore. Without Morgan’s support from the start, acquiring control of Breton Bank would have been much more difficult for Donnie, and the price to pay would even be higher than the cost of being at odds with Rockefeller now!
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Weighing the pros and cons, Donnie had to proceed with this matter!
“Then we’ll see what kind of tactics Rockefeller will use!”
Walker nodded, understanding after knowing the whole story that this was inevitable.
Donnie stayed in New York, but he also had a pile of things to do.
