About Us
Meet Chip Newell
Stewart P. (Chip) Newell has been in a principal position in the real estate development business for over 30 years. He has been associated with hotels, office buildings, residential and retail projects ranging from a $160 million hotel, retail and residential development in Puerto Rico to a 640-acre industrial and office park in Colorado to loft condominium projects in revitalized neighborhoods of Washington, DC. Recent projects include single family homes in the mountains of North Carolina, and a resort community on the coast of Maine.
In addition to hands-on development experience, Chip has extensive knowledge in market research and land use approval, including the preservation of historic buildings, real estate acquisition due diligence and real estate financing and financial restructurings. He has provided advisory services to government and private sector organizations on real estate acquisition, development, feasibility, due diligence and disposition.
Prior to returning as a Principal of The NewHeight Group, Chip held the following positions:
> Principal, Metropolis Development Company
As one of the two principals, created urban residential and retail mixed-use projects in Washington, DC. Included Lofts 14, Cooper Lewis Condominiums and Langston Lofts, all projects in the 14th Street NW and Logan Circle neighborhoods.
> Executive Vice President, Peebles Atlantic Development Company
Created and implemented business strategy to develop full-service hotels with unique market, financial and competitive advantages. Won competition and negotiated ground lease for 422-room convention/resort hotel in South Beach, Miami. Formed and managed the legal, design, financing and construction teams for this hotel. Successfully competed to develop a 500-room convention center hotel and a 300-room airport hotel.
> Executive Vice President and COO, The Donohoe Companies and President, Donohoe
Development Company
Managed 500+ employee, $200+ million revenue construction, development and management company. Held responsibilities during an economic recession that involved project redirection, strategic business shifts, debt restructuring, and downsizing. Implemented development strategy in an improving market and redirected company resources.
> Partner and Vice President—Development, Moore & Associates/Berwind Property Group
Had responsibility for 2 million square foot mixed use (office, retail, and hotel) project. Created and managed design and pre construction team. Managed contentious municipal approval process working with elected officials and senior government staff. Negotiated with supporting and opposing citizens groups toward a consensus and obtaining land use approvals.
> Principal, The NewHeight Group
Founded and led a development firm that constructed and managed in excess of 2 million square feet of residential and commercial projects in Denver, Colorado, between 1977 and 1987.
More about Chip: Resume (pdf) | Find Chip on LinkedIn