Real Estate Holdings
Jack Tocco has accumulated an impressive real estate portfolio, which he and brother Tony have successfully managed. Amongst these is the 32-acre (13 ha) spread purchased in 1973 for $112,000. The property borders the Royal View Estates, a housing development started by the Tocco brothers in the 1990s. Located in Oakland Township, Royal Oaks netted the brothers several million in profit. The plot was originally planned for fifteen luxury homes located on a 40-acre (16 ha) tract. According to land records, the Tocco brothers paid for the cost of the utility connections put in and then sold the lots to buyers and contractors who built the houses themselves. The Royal View project inspired the creation of the Royal View Estates Condominium Association in October 1989. Its founders were Jack and Anthony Tocco and Vito and William Badamo. The Tocco's also planned on using another company, the Royal Construction Co., to develop condominiums and houses in the range of approximately 3,000 sq ft (280 m2) apiece. Three months after the project began, "Tocco & Tocco" was replaced as contractor by Royal Construction, which was founded in 1964 by Sam Barone and Carlo Licata (who was married to Jack's sister and later to Santo Perrone’s daughter). As of 1996 the Tocco brothers owned at least one undeveloped lot in Royal View, with total revenues on home sales exceeding $6 million.
Tocco also amassed several vacation spots including a condo in Boca Raton, Florida, purchased in 1993. His commercial holdings include three buildings and $1 million in commercial land in Warren, and several undisclosed properties. It was rumored that Tocco owned the Hillcrest Country Club & Moravian Hills Golf Club in Macomb County, where he allegedly used James Tamer and Simon Thomas as fronts to ensure the club's liquor license was approved. Purchased by Woodrow Woody in 1949, Hillcrest listed some of Michigan's most influential people as members. Woody sold the property to the Partnership's front man, James Tamer in 1980 for $6.5 million. In 1984, Tamer sold the property to Simon Thomas, a nightclub operator who shared a Lebanese heritage with the two previous owners. Thomas used his entertainment industry connections to bring in stars like Frank Sinatra, Paul Anka and Wayne Newton to perform in his establishments. In 2005 the Hillcrest Country Club & Moravian Hills Golf Club was sold. 30 acres of the site were used to develop the George George community park, while the remainder was sold to Meijer Inc. and a new Meijer's hypermarket was built on the location.
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