David McNair

Archive for the ‘Real Estate’ Category

First & Main event space to open

In Architecture, business, Real Estate on August 12, 2012 at 10:25 pm

Former Cville Weekly ad rep go-getter Travis Wilburn is opening another DTM venue at First & Main, right across from Hamilton’s. That space has been a mish-mash of things over the years, nothing permanent (although check out the nifty Holsinger photo here–used to be a place called Metropolitan Cafe), but Wilburn tells the DP he plans to open a private event space.

“The building, which is about 3,500 square feet, has housed a variety of businesses and offices over the years but Wilburn said the space hasn’t had a permanent, long-term tenant for several years.

Right now, the building is gutted and crews are excavating the basement. Wilburn acknowledged there’s a lot of work to be done. Still, “I think it looks a lot tougher than it actually is, but it should be open later this fall,” he said. “We’re going to be working very diligently,” he added. READ MORE


Developer closes deal on DTM eye-sore

In Architecture, Development, Lodging, Real Estate on August 10, 2012 at 12:41 am

According to recently filed court documents, the ‘Landmark Hotel’ property on the Downtown Mall has now officially changed hands. On August 8, Atlanta-based developer John Dewberry, who won the property at auction for $6.25 million, officially closed on the purchase, to the partial relief of former owner Halsey Minor’s creditors. That amount is a far cry from the $23.7 million loan Minor took out, then defaulted on, to build the proposed 101-room luxury hotel.

The City was a winner, too, as a little over $160,000 in back real estate taxes, over three years worth that had gone unpaid, were finally paid. As reported in Hook, and nationally, Minor has left a trail of debt across the country since construction on the hotel came to a halt in January 2009.

“This is an exciting step forward, both for the City of Charlottesville and for those creditors who are owed money,” says Bill Shmidheiser, a lawyer who READ MORE

New hotel for DTM

In Architecture, business, Real Estate on April 24, 2012 at 1:40 pm

No, it’s not the Landmark. A site plan for one of those homey Residence Inns by Marriott has been submitted. The 133-room hotel will go up at the corner of Ridge/McIntire and West Main at 301 West Main and is being designed by Clark Gathright and Dagget & Grigg Architects. The hotel will have structured parking included. No word yet on any timeline for the project. The photo is of the Residence Inn at 1111 Millmont Street.

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