April 5, 2023

Marta Selects Group Of Black-owned Companies For Bankhead Station Redevelopment

By Derek Major

The Metropolitan Atlanta Rapid Transit Authority (MARTA) has tapped a group of Black-owned companies for the redevelopment of Bankhead Station, the last stop on MARTA’s Green Line.

The New York-based Peebles Corporation, Exact Capital, and Bolster Real Estate Partners, based in Bankhead, will transform the station into a mixed-use development. The new complex will include 495 multi-family housing units, a hotel, offices, retail, and workshare space.

According to Peebles Corporation Executive Vice President Donahue Peebles III, Atlanta has been a location they’ve been looking at and are excited about the project.

“We’re excited to do this with MARTA, we’re trying to do more with MARTA and hopefully, this is the first of a number of projects we’re doing,” said Peebles III. “Atlanta has been a target market for us for a long time, it’s a pro-business pro-Black city that’s been growing significantly and we’ve pursued a number of different Avenues to enter the marketplace.”

Peebles added that in addition to the apartments, office space, and hotel, the Bankhead Station redevelopment will also include an increase in parking spaces and more than an acre of green space for residents to relax and play on. Peebles also added that more than 140 apartments will be priced at affordable rates for middle-income earners.

The MARTA redevelopment will revolutionize the Bankhead Station from an empty station after work hours into a vibrant and active community that relies on public transportation and hyper-local entertainment.

“This is a transformational project in a number of ways,” Peebles told BLACK ENTERPRISE. “The first is that we’re able to create real cultural vibrancy on site and have people there in a live, work, play environment so that there are no dead times like the downtowns in some cities where outside of the nine to five there’s not a soul on the streets, which is certainly something the city of Atlantic can benefit from as public transportation becomes more and more the preferred mode of transportation as the population grows and traveling infrastructure struggles to keep up.”

Peebles added it’s too soon to determine a construction timeline for the space. However, other companies are announcing plans in the area. Microsoft announced plans to build a campus in Grove Park, less than two miles from Bankhead.

Peebles Corporation Chairman and CEO Don Peebles, who is also involved in the Affirmation Tower Project in New York City and the Angel’s Landing skyscraper in Los Angeles, told BLACK ENTERPRISE that Black economic empowerment is driving new development and construction in the South.

“We’ve been looking at Atlanta for decades, since the early 1990s and we’re going to focus much more on Atlanta and other areas in the south because I think when it comes to Black economic empowerment they’re more progressive than the so-called progressive cities like New York City,” said Peebles. “So we’re really excited to be there.”

MARTA began taking bids for the station redevelopments early last year and is currently soliciting bids for additional redevelopments at Midtown’s Arts Center Station and a multi-phase development at Edgewood/Candler Park Station.

 

Credit: Black Enterprise 

April 3, 2023

“Your World” with Neil Cavuto

By Neil Cavuto

Former Obama fundraiser Don Peebles explains how Trump’s indictment could potentially boomerang against Democrats on ‘Your World.’

 

Credit: Fox

March 31, 2023

“Cavuto: Coast to Coast” with Neil Cavuto

By Neil Cavuto

Peebles Corporation founder and CEO Don Peebles discusses how former President Trump's indictment can impact the 2024 presidential election.

Credit: Fox Business

February 23, 2023

Real estate mogul Don Peebles talks about building wealth on ‘Masters of the Game’

By Toure

This week on “Masters of the Game,” it was my honor and privilege to interview one of the true GOATs — Don Peebles. If you watch no other episode of the show, it’s gotta be this one. Peebles has created the Peebles Corporation, one of the largest Black-owned real estate companies in America. He’s an important developer in New York City, Miami and other cities. He’s a billionaire. He’s fought his way through the racism of the real estate industry with a unique strategy that’s led to his wealth.

Each month on “Masters of the Game” on theGrioTV, we talk to some brilliant, successful Black people about their career and their journey and how they “made it.” We’ve talked to performers like Debbie Allen, athletes like tennis star France Tiafoe, and comedians like Kenan Thompson, but Peebles is the first businessman we’ve had on the show, and his advice could change your life. I was excited to talk to him because I aspire to become a real estate investor. That’s how you build lasting wealth that you can pass on to future generations — by owning valuable real estate. But it’s an intimidating world to enter. How do you start? How do you keep from making mistakes? So Peebles was incredibly inspiring. He has spent his life working in real estate and everything he said about his business was an important opportunity to learn.

Peebles was tall and smooth, as cool as any of the entertainers we’ve had on the show. He’s charismatic and charming, which, of course, is important in networking and building a career. People are more likely to work with people they like. Peebles noted the racism that’s common in real estate but said he’s crafted a strategy that would let him circumvent some of that — instead of working with private individuals who may discriminate against him or shut him out of deals, he preferred to work with the local city government because they tend to have properties that they need to sell. Peebles explained that cities don’t want to be in the position of being a developer. They would much rather private citizens and banks deal with that level of debt and risk. So, from time to time, cities must sell some of their buildings, and many times doing business with minority-owned firms means added benefits for the city. In that way, Peebles gets a chance to buy valuable properties that need work. He develops them and creates elegant living spaces. We did our interview in an apartment inside one of his buildings in downtown Manhattan, and it was a gorgeous place to live.

This is a really important “Masters of the Game” because no matter how old or athletic you are, Peebles can show you how to move upward economically. He started small in the real estate industry and slowly moved up, learning everything he could. Now, with economic power, he can bring his vision of the world into reality. For Black people to reach true liberation we have to close the racial wealth gap and one way of approaching that is to create thousands of Black homeowners and landlords. If we gain power in the real estate industry, we gain a foothold on real power in this country. Listen to the master of real estate, Don Peebles, as the first step in that critical journey. My “Masters of the Game” interview with Don Peebles premieres on Friday at 9 p.m. ET on TheGrioTV.

Credit: TheGrio

February 16, 2023

“The Exchange” with Kelly Evans

By Kelly Evans

Don Peebles, founder of the Peebles Corporation, joins ‘Power Lunch’ to discuss the health of the housing market.

Credit: CNBC 

February 9, 2023

“Coast to Coast” with Neil Cavuto on Fox

By Neil Cavuto

The Peebles Corporation Chairman and founder Don Peebles argues the 'bar was very low' for the president's speech Tuesday.

Credit: Fox

January 30, 2023

“America’s Wealthiest Real Estate Investors” with Grant Cardone

By Grant Cardone

Roy Donahue "Don" Peebles is an American real estate entrepreneur, author, and political activist. Peebles is the founder, chairman and Chief Executive Officer of the Peebles Corporation, a real estate company.

View the full interview here.

November 10, 2022

TheGrio Awards, The Business Icon: Don Peebles

By Janelle Harris Dixon

Don Peebles is serious about making the elite entrepreneurial circles he occupies more melanated. Before “diversity” and “inclusion” were buzzwords, he coined (and trademarked) his own phrase, “affirmative development,” to describe how his company and its projects create economic opportunities for women and minorities. That’s particularly impactful because Peebles — a Washington, D.C., native appointed to his first government position by legendary Mayor Marion Barry — is founder, CEO and president of the Peebles Corporation, a Black-owned real estate development firm with an $8 billion portfolio.

Last year, the mogul announced plans to construct Affirmation Tower, the first skyscraper in New York City built by a majority Black-led team. Once completed, it will be the second tallest building in the Western hemisphere, towering 1,663 feet and devouring 1.2 acres of Manhattan’s prime West Side real estate. The proposal for it stalled, a move Peebles says is racially motivated, but he remains undeterred.

Since building Miami’s Royal Palm Resort, the nation’s first major hotel developed and owned by an African-American, Don Peebles has formalized his corporation as a leader in property developments in D.C., Philadelphia and Los Angeles—including Angels Landing, a $2 billion luxury hotel project that will reportedly create more than 8,300 jobs in America’s second-largest city. He wants more people who look like him to join him in that rarified strata of success.

Credit: TheGrio

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