Peebles Corporation

Peebles Corporation is a privately held real estate investment and development company. The company was founded by R. Donahue Peebles in 1983 specializing in residential, hospitality, retail, and mixed-use commercial properties.

Peebles Corporation
Private real estate investment and development company
IndustryReal estate
Founded1983
Headquarters7 World Trade Center, 250 Greenwich Street, New York, NY 10006
Key people
R. Donahue Peebles (Founder, Chairman and CEO)
Websitepeeblescorp.com/company/

Developments

Select developments include 2100 Martin Luther King, Jr. in Washington, D.C.; the Courtyard by Marriott Hotel and Convention Center in D.C., The Residences at The Bath Club. Peebles engaged in extensive litigation with the City of Miami Beach throughout the construction of these projects relating to the City's representations and the soil quality on the beach.[1]

In 2013, Peebles and ElAd Group acquired 346 Broadway (also known as 108 Leonard and the Former New York Life Insurance Company Building) for $160 million, the largest disposition ever undertaken by the New York City Economic Development Corporation. Development plans for the Renaissance Revival landmark and former New York Life Insurance Building include luxury condominiums.[2]

In 2014, Peebles was selected to redevelop Fifth and Eye, a parcel in Washington, D.C.'s burgeoning Mount Vernon Triangle neighborhood, into a nearly 250,000-square-foot project to include a boutique hotel and branded residences.[3]

In 2015, the Massachusetts Bay Transportation Authority and Massachusetts Department of Transportation chose Peebles for the development of an intersection in Boston's historic Back Bay neighborhood. Plans for the proposed $330 million, 390,000-square-foot project include a hotel, condominiums, rental apartments, retail, and a Hynes MBTA station.[4]

Peebles is currently anticipating developing Family Court Building, the historic neo-classical former courthouse on 1801 Vine Street in Philadelphia's Logan Circle, into a boutique hotel.[5]

The company’s Miami and Miami Beach projects include a 900,000-square-foot mixed-use project in Downtown Miami and The Bath Club Estates.[6]

In 2016, Charlotte's Mecklenburg County selected Peebles and Conformity Corporation for the development of Brooklyn Village, a development site consisting of 16 acres located in the neighborhood within Uptown Charlotte, NC. The proposed project is planned to be a 2.3 million square foot "urban village", and will be constructed over multiple phases.[7][8]

In December 2017, Peebles, as part of the three-team development partnership Angels Landing Partners, was unanimously approved to redevelop the Bunker Hill site in Downtown Los Angeles, dubbed Angels Landing.[9] The estimated $1.2 billion development will include residential, hotel, retail, and communal spaces distributed over two towers.[10] The main tower, when constructed, would reach at least 80 stories and would be divided into three parts: hotel, apartments, and condominiums. A 192-room SLS hotel with its own swimming pool would be below 425 apartments (including some subsidized affordable units), on top of which would be 250 condominiums and another swimming pool.[10] The second tower would reach 27 stories and would contain a charter elementary school and a 289-room Mondrian hotel that offers a rooftop pool and bar.[10] Project completion is estimated to be around late 2024.[10]

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References
  1. "Court Rules Broward County, Fla., Doesn't Have To Pay Developer R. Donahue Peebles $4 Million in E - Hotel Online". Hotel Online. Retrieved December 10, 2017.
  2. "peebles-pays-160-m-for-346-broadway".
  3. "peebles-to-launch-new-development-500m-fund".
  4. "developer-selected-for-million-back-bay-project".
  5. Adelman, Jacob (31 Jan 2017). "Family Court hotel project on the Parkway gets boost from renovation-plan action". Philadelphia Media Network, LLC. Philly.com.
  6. "don-peebles-from-miami-to-new-york-and-back-again".
  7. White, Herbert L. (2 Aug 2016). "What should Brooklyn Village look like?". Charlotte Post.
  8. Harrison, Steve (15 Jun 2016). "Mecklenburg County selects $683.3 million vision for Brooklyn Village project". Charlotte Observer. CharlotteObserver.com.
  9. "City Council approves Angels Landing plan that would bring 88-story tower, elementary school to Bunker Hill". Curbed LA. Retrieved 2018-06-27.
  10. Vincent, Roger. "Condos, restaurants, an elementary school. How an 80-story skyscraper could transform Bunker Hill". latimes.com. Retrieved 2018-06-27.
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