Skyline Views

John Dewberry Starts Virginia, South Carolina Projects, Wins Apollo Award in Atlanta

ATLANTA (Nov. 17, 2014) - John Dewberry is back in the game across the Southeast, and he's even made an appearance in metro Atlanta.

In downtown Charlottesville, Virginia, Dewberry's firm Dewberry Capital is set to restart work on the Landmark Hotel. Dewberry picked up the hotel's nine-story frame in 2012 after original developer Minor Family Hotels filed for protection under Chapter 11 of the U.S. Bankruptcy Code, according to a story by Nate Delesline III of Charlottesville's The Daily Progress. The photo of the project comes courtesy of photographer Ryan M. Kelly.

Some in the university town had wondered when or whether Dewberry would begin work on the hotel, but city officials explained that Dewberry is following his original plan.

“In all fairness to Mr. Dewberry, he said he would start [the Landmark] when they started the project in Charleston, and we understand they’ve started in Charleston,” Jim Tolbert, Charlottesville’s director of neighborhood development services, told The Daily Progress. “He’s not ever told me anything and not done it. I think this is evidence he’s doing exactly what he said.”

Dewberry did in fact start work on once-delayed Hotel Dewberry, a conversion of the former L. Mendel Rivers Federal Building on Meeting Street at Marion Square. 

Meanwhile, John Dewberry recently was in Atlanta to receive the Apollo Award from the Men's Health & Wellness Center, based in Sandy Springs. Dewberry won the award based on his support of men's health issues and his commitment to sharing publicly his battle against prostate cancer.

Last week, Northside Neighbor ran several photos from the Men's Health & Wellness Center's MoMENtum event where Dewberry (third from left in photo) received the Apollo Award. Click here to see the photos from MoMENtum.

Developer Dewberry in Good Spirits After Plane Crash in Macon

ATLANTA (Sept. 19, 2012) - Developer/investor John Dewberry appeared to be in good spirits after his company's small jet crashed at a Macon, Ga., airport yesterday.

Dewberry's Beech 400 crashed at 10:05 a.m. Tuesday after hydroplaning while trying to land at Macon Downtown Airport, according to several news reports. The former Georgia Tech quarterback was not seriously injured. Firefighters had to cut the pilot out of the plane, The Macon Telegraph reported.

Dewberry was headed to Macon, from Charleston, S.C.,  on business.

Hours after the accident, Dewberry and Georgia, his "trusty sidekick" dog, were fine, he said in an email. That was very good to hear.

(Photo of the crash site from 11Alive, courtesy of Eddie Lamberth.)

Dewberry Picks Up Prime Peachtree Property

ATLANTA (July 6, 2011) - John Dewberry has picked up another prime Peachtree property in Midtown. 

An affiliate of his Dewberry Capital Corp. acquired the grassy field at the northwest quadrant of Peachtree & 17th streets for $6 million. In mid-June, Bisnow Atlanta broke the news that Dewberry had the property under contract, and Atlanta Business Chronicle reported over the weekend that the transaction closed June 27.

A mixed-use development dubbed 1400 Peachtree had been designed for the 1.7-acre tract, but the real estate recession ruined those plans.

With the deal, Dewberry adds a key north Midtown parcel to his collection. Dewberry stunned real estate watchers last year when he acquired Campanile at Peachtree & 14th. He also owns Peachtree Pointe, the Dewberry Ansley development site and Rhodes Center in the Pershing Point area of Midtown.

Dewberry Capital is working to rebrand the area as "Uptown" Atlanta.

 

Georgia's Own Supplied $30 Million Note on Campanile: ATLaw Blog

Andy Peters of The Daily Report just posted the most comprehensive financial data regarding John Dewberry's stunning $36 million acquisition of Campanile.

In the ATLaw blog, Peters cites sale documents showing Georgia's Own Credit Union provided a note for $30 million to finance the purchase. He also quotes an attorney for the credit union who says Dewberry did not supply any additional equity above the $6 million he put down initially to make the deal happen.

Check out the complete report here. Fascinating scoop by Peters, a former Bloomberg reporter.

Dewberry Does It; Campanile Office Tower is His

By Tony Wilbert, WNS PR

ATLANTA (September 9 2010) - The Dew has done it.

John Dewberry closed this week on his stunning acquisition of Campanile in Midtown, according to Real Estate Rooster and Bisnow Atlanta. Bailey Webb, Rooster reporter, broke the news at 9:20 a.m. today. (Thanks to Rooster for the cool photo at left.)

The acquisition is stunning because Dewberry's bid for the former BellSouth headquarters tower was dead in the water only hours before he won the deal. We hear Dewberry's personal visit to Eastdil Secured's office sealed the deal after he was alerted he was not the winner - or even the runner-up.

Word is, Dewberry had the guts to put down $6 million hard to ensure he won the building he coveted. The purchase price was about $36 million.

For Dewberry, a friend and sometime client, buying Campanile further solidifies his position as a major Midtown property owner. He was Midtown when Midtown wasn't cool.