Chip Newell has been in a principal position in the real estate development business for more than 30 years. He has been associated with residential and retail projects, hotels and office buildings ranging from loft condominium projects in revitalized neighborhoods of Washington, DC to a $160 million hotel, retail and residential development in Puerto Rico to a 640-acre industrial and office park in Colorado. 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.
Chip is on the board of CEI and CVI, the board and Treasurer of the Maine Center of Economic Development (MECEP), board and Treasurer of Community Housing of Maine (CHOM) and serves on the Maine Community Foundation Cumberland County Committee. He is also on the board of New England Foundation for the Arts (NEFA).
Prior to returning as a Principal of NewHeight Group in 2004, Chip was one of the two principals of Metropolis Development Company (MDC) which created 300 units in five urban residential and retail mixed-use projects in Washington, DC.
Prior to returning to 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 300 units in five diverse projects: Lofts 14, Lofts 14 Two, Cooper Lewis Condominiums, Langston Lofts and Metropole, all in the 14th Street NW and Logan Circle neighborhoods. See more information and photos about these projects
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
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.
Founder, 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.