In 1988, Peter Simon, then a managing director at Kidder Peabody, was approached about a “development opportunity” in New Vernon, N.J., which happened to be the town his parents had lived in for decades. When he arrived at the 44-acre property, he found an ivy-covered brick mansion, peony gardens, a barn, and caretakers’ cottages. “What are you going to do with the house?” he asked his potential business partner. When the answer came as “tear it down,” Simon’s response was firm: “This is a h… (View original article)
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