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Landmark Bought for $6.25M

A property developer from Atlanta made a substantial purchase this month: the unfinished Landmark Hotel was sold at an auction in Charlottesville to an Atlanta developer, John Dewberry. Dewberry is the owner of Dewberry Capital, a company that builds shopping centers and urban highrises. He is the owner of several successful developments on Peachtree Street.

The Atlanta movers are excited for a successful Atlanta entrepreneur to acquire property in nearby Charlottesville, as it will bring more positive business connotation to our city. The Landmark has become a stagnant real estate money pit, and Dewberry plans to pick up where the construction left off and create a luxury hotel.

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