Pinecrest on the rise: 200 gather to preview Orange development

Orange — Businessman Dale Schwartz compared the $230 million Pinecrest development to a “terrific” wine that just gets better with age.

Mr. Schwartz, founder and CEO of Pinstripes, was among the 200 people who gathered last week during a commemoration event at the 57-acre site that project developer Fairmount Properties called Pinecrest Rising.

Since 1998, Fairmount Properties has grown to be a well- respected industry leader across multiple real estate platforms throughout the U.S.