I'm Michael Scott Peterson
Real Estate Developer and Entrepreneur
- Experience 30+ Years
- Projects 32 Completed
- Phone +1 702.893.0824
- E-Mail Michael@MichaelScottPeterson.com
- Las Vegas Office One Hughes Center Drive, Suite 402, Las Vegas, Nevada 89169
- Chicago Office Columbus Plaza 233 East Wacker Drive, Suite 4411, Chicago, Illinois 60601
Detailed, Precise, Meticulous…
These are words often used to describe Michael Scott Peterson. As the Sole Owner of Diversified Real Estate Concepts and Blue Water Development Company, Michael personally directs and manages every aspect of a project from concept to completion.
Established by Michael Scott Peterson, Diversified Real Estate Concepts LLC and Blue Water Development Co., Inc. are associated with all aspects of recreational, condominium, hotel, and commercial real estate development including land acquisition, design conception, construction planning, marketing strategy, and ultimate ownership upon completion. Michael is committed to the highest level of excellence achievable, and consistently delivers a degree of performance and professionalism that sets an example for the real estate development industry.
Michael Scott Peterson is a graduate of the University of Wisconsin–Madison where he received a Master’s Degree in Business Administration specializing in Marketing and Real Estate Appraisal & Investment Analysis under the directive of the late Professor James Graaskamp. He also served as an Instructor at Madison Business College teaching Business Law, Real Estate Law, and Management.
Michael Scott Peterson, a leading developer of award-winning waterfront condominium developments, marinas, hotels, restaurants, water park resorts, and luxury homes, invites you to view his portfolio of outstanding projects Michael’s companies have developed and constructed.
Featured Project Proposal
Proposed Hilton Curio AQUA BLUE Hotel
Virtual Tours
Aqua Blue
Barrier Reef
Work Experience
Sole Owner
Diversified Real Estate Concepts LLC
Chicago, Illinois/ Las Vegas, Nevada
Created and established real estate ventures known as Diversified Real Estate Concepts LLC, and Blue Water Development Co., Inc., which are associated with all aspects of condominium and commercial real estate development. Responsible for land acquisition, design conception, construction planning, marketing strategy, and representing company projects as principal real estate broker.
President/Sole Owner
Blue Water Development Co., Inc.
Chicago, Illinois/ Las Vegas, Nevada
Created and established real estate ventures known as Diversified Real Estate Concepts, Inc., and Blue Water Development Co., Inc., which are associated with all aspects of condominium and commercial real estate development. Responsible for land acquisition, design conception, construction planning, marketing strategy, and representing company projects as principal real estate broker.
Co-Chairman
Park Towers Condominiums, Las Vegas
Served as Co-Chairman (2 person committee) of the 2018/2019 Interior Design and Renovation Team for the distinguished and award winning residential development entitled Park Towers (84 Homes) in Las Vegas, Nevada. Have also been a homeowner/resident of Park Towers from 2003 to present. Worked with all details of interior design, purchasing/contracting/marketing and completed all phases of the interior design and renovation under budget and and prior to scheduled deadlines.
Project Developer
PLATINUM Condominium Development
Developed $120 million, 255 unit condominium hotel project which opened sales in February 2004 and sold out in March 2004. PLATINUM is situated on 1.7 acres located one block from Bellagio in Las Vegas, Nevada. The project consists of 9 two-bedroom units and 246 one-bedroom units. Special features include: indoor/outdoor pools and whirlpools, spa, fitness center, conference center, and restaurants/bars.
Sold Completed Project January 2007
Project Developer
Timber Ridge Lodge Condominium Development and Moose Mountain Falls Water Park
Developed $43.5 million, 225 unit condominium hotel project which opened sales in July 2000 and sold out in May 2001. Timber Ridge Lodge is situated on 10 acres located at Grand Geneva Resort (previously the Playboy Club) in Lake Geneva, Wisconsin. The project consists of 59 two-bedroom units and 166 one-bedroom units. Special features include: Moose Mountain Falls indoor/outdoor water park, whirlpools, sauna, fitness center, and conference center.
Project Developer
Mill Creek Condominium Development
Developed $5.8 million, 34 unit condominium hotel project which opened sales in April 2000 and sold out in November 2000. Mill Creek is located in downtown Lake Geneva, Wisconsin. The project consists of 34 one-bedroom units. Special features include: indoor pool, whirlpool, sauna, fitness center, and conference center.
Project Developer/Original Owner
HOULIHAN'S Restaurant & Bar, Owner
Developed the following four HOULIHAN'S Restaurant & Bar operations with an average unit cost of $2.3 million and average seating capacity of 325.
• Wisconsin Dells, Wisconsin - Opened May 1995
• Lake Geneva, Wisconsin - Opened March 1996
• Madison, Wisconsin - Opened May 1996
• Chicago, Illinois - Opened August 1998
Project Developer
The Cove of Lake Geneva
Developed $31.2 million, 222 unit condominium hotel project which opened sales in January 1995 and sold out in July 1995. The Cove of Lake Geneva is situated on 9.4 acres located in downtown Lake Geneva, Wisconsin. The project consists of 69 two-bedroom units and 153 one-bedroom units. Special features include: tennis court, basketball court, and a complete clubhouse with indoor/outdoor pools and whirlpools, sauna, fitness center, conference center, gift shop, and a HOULIHAN'S Restaurant & Bar.
Project Developer
Harbor Cove on Lake Geneva
Developed $10.2 million, 108 unit condominium hotel project which opened sales in July 1995 and sold out in March 1996. Harbor Cove on Lake Geneva is situated on 85 feet of shoreline on Lake Geneva in Lake Geneva, Wisconsin. The project consists of 108 one-bedroom units. Special features include: indoor/outdoor pools and whirlpools, sauna, fitness center, and conference center.
Project Developer/Original Owner
The Ice Cream & Yogurt Club
Created and established in September 1994, The Ice Cream & Yogurt Club in downtown Chicago achieved over $300,000 in annual sales.
Project Developer/Original Owner
Copa Cabana Resort Hotel & Suites and Lost Lagoon Water Park
Developed $8.4 million, 164 unit hotel which opened in May 1993. Copa Cabana Resort Hotel & Suites is located next to Tommy Bartlett's Thrill Show in Wisconsin Dells. The 12 acre project consists of the Lost Lagoon water park, and a complete clubhouse featuring indoor/outdoor pools and whirlpools, sauna, fitness center, conference center, gift shop, and a HOULIHAN'S Restaurant & Bar.
Project Developer
Mariner's Cove at Lighthouse Bay
Developed $11.3 million, 75 unit waterfront condominium project which opened sales in July 1990 and sold out in August 1993. Mariner's Cove is situated on 750 feet of shoreline on Lake Mendota in Madison, Wisconsin. The project consists of 3 four-bedroom units, 19 three-bedroom units, 41 two-bedroom units and 12 one-bedroom units. Special features include: marina/boat slips, tennis court, basketball court and a complete clubhouse with indoor/outdoor pools and whirlpools, fitness center and conference center.
• Candidate for Urban Land Institute's (Washington, D.C.) 1991-92 National Award for Excellence,
Category: Planned Residential/Resort Community
Project Developer
Sunset Cove
Developed $3.7 million, 38 unit waterfront condominium project which opened sales in May 1990 and sold out in July 1991. Sunset Cove is situated on 500 feet of shoreline on the Upper Dells of the Wisconsin River in Wisconsin Dells. The project consists of 30 two-bedroom units and 8 one-bedroom units. Special features include: marina/boat slips and a complete clubhouse with indoor/outdoor pools and whirlpools, sauna and fitness center.
Project Developer
Lighthouse Cove
Developed $9.2 million, 101 unit waterfront condominium project which opened sales in May 1988 and sold out in August 1990. Lighthouse Cove is situated on 750 feet of shoreline on Lake Delton in Wisconsin Dells. The project consists of 70 two-bedroom units and 31 one-bedroom units. Special features include: marina/boat slips, tennis court, basketball court, putting greens and a complete clubhouse with indoor/outdoor pools and whirlpools, sauna and fitness center and conference center.
• Candidate for Builder Magazine's Project of the Year National Award, 1990
Project Developer
Blue Water Condominiums
Developed $1.9 million, 28 unit waterfront condominium project which opened sales in May 1985 and sold out in July 1987. This project is situated on 475 feet of shoreline on Lake Delton in Wisconsin Dells and consists of 14 two-bedroom units and 14 one-bedroom units. Special features include: marina/boat slips.
Project Developer/Original Owner
Aqua Sports, Inc.
Created and established Aqua Sports Marina located in Wisconsin Dells, Wisconsin. Aqua Sports consisted of boat rentals, water ski school affiliated with the Tommy Bartlett Water Show, and parasail rides. Responsibilities included supervision of operation, allocation of annual advertising and management of staff. Aqua Sports experienced significant growth over a seven year period. The initial staff of six, fleet of 13 rental boats and annual sales of $38,000 increased to a staff of 23, fleet of 72 boats and sales of $285,000 annually.
Instructor
Real Estate & Business Law Instructor
Madison, Wisconsin
Instructor of Business Law, Business Management and Wisconsin Real Estate Broker Certification course. Responsible for all related administrative duties.
Education
M.S. Major in Marketing, Minor in Real Estate Appraisal & Investment Analysis
University of Wisconsin
Press
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Michael Scott Peterson, Owner of Diversified Real Estate Concepts and developer of Platinum Condominium Development and Aqua Blue, says Michael Jordan will have "absolutely zero" financial stake in the casino operation. Michael Jordan stated "I am also pleased to be partnering with a person of such high integrity as Michael Peterson and Diversified Real Estate Concepts."
Michael McCarthy USA Today -
"He is one of the most informed condo-hotel developers in Las Vegas," said Maryann Haberman, a commercial real estate broker with Coldwell Banker Premier Realty in Las Vegas. Haberman helped secure the site for the Platinum and has worked with Peterson for the past couple of years.
"He's done it before, he knows how to do it and he's doing it again. That's a tremendous selling point," she said. "And his attention to details is unsurpassed with any other developer I've worked with in 31 years."
Liz Benston Las Vegas Sun -
"The typical buyer will spend two or three weeks a year in their condo, so it's in the rental pool the rest of the time. Return of
income is the motivation for many buyers," said Michael Peterson, developer of both Lake Geneva properties and president of Chicago-based Diversified Real Estate Concepts Inc.
John Handley Chicago Tribune -
"Here the maintenance is done for you," says Michael Peterson, President of Blue Water Development and the man behind some of Wisconsin's largest second-home communities (all of which are on the water). "When you come up on a Friday to Lake Geneva or the Wisconsin Dells, the grass is mowed, the boat piers are there, the pool is taken care of. You roll in and you roll out."
"I'm selling fun, where the kids can play miniature golf, jet ski, and even snowmobile," he adds. Most families who buy a second home from us just want a place they can get away to, where they can get in their boat and just have fun."
Dan Santow Chicago Magazine -
"His (Micheal Scott Peterson's) project, the Platinum, sold out in 37 days"
Jennifer Shubinski Las Vegas Sun
Interests
Michael is very active and loves almost all physical activities. His competitive discipline to practicing and mastering activities such as Basketball, translates well into business projects.
- Basketball
- Tennis
- Scuba Diving
- Water Skiing
- Snow Skiing
- Travel
Contact
Contact Me
- E-Mail Michael@MichaelScottPeterson.com
-
Las Vegas Office
Park Towers
One Hughes Center Drive
Suite 402
Las Vegas, Nevada 89169
Ph: 702.893.0824
Fx: 702.893.0984 -
Chicago Office
Columbus Plaza
233 East Wacker Drive
Suite 4411
Chicago, Illinois 60601
Ph: 312.540.1035
Fx: 312.540.1347