The stripped 21-story tower that has loomed over Peachtree Street across from Colony Square for years is now owned outright, and without debt, by developer John Dewberry. Bisnow Atlanta reports that Dewberry Capital quietly resolved a $75-million mortgage held by ACORE Capital on the Campanile building earlier this year, leaving the firm holding the deed to the picked-clean high-rise with no lender attached. Officials involved in the transaction did not respond to Bisnow's inquiries.
For anyone who walks or drives the Midtown stretch of Peachtree, the practical question is whether the change moves anything. Dewberry's redevelopment plan for the property, marketed for years as the Midtowne project, has never gotten past demolition of the building's interior and skin. Clearing the mortgage cuts the carrying cost of doing nothing, which could just as easily reduce pressure to restart construction or sell as it could free the developer to act. No timeline or revised plan has been announced.
South of downtown, the Terminal South mixed-use district in Peoplestown adds a recurring public draw starting Sunday, Aug. 9. SANAA Art & Wellness is launching the ArtWell Farmers Market as a twice-monthly, indoor, family-oriented market set up between the Switchman Hall eateries at 1161 Ridge Ave. SE, running noon to 5 p.m. Organizers describe a mix of locally grown produce, artisan makers, handcrafted goods and wellness programming alongside local entrepreneurs. Additional dates are booked through early 2027: Aug. 23; Sept. 13 and 27; Oct. 11 and 25; Nov. 8 and 22; Dec. 6 and 20; and Jan. 10 and 24.
On the eastside, a preservation fight has opened over a karaoke concept. Yan Karaoke wants the 15,000-square-foot Streamline Moderne building at Atlanta Dairies on Memorial Drive, just west of the Beltline's Eastside Trail, where the restaurant Wonderkid and other tenants have operated. The plan calls for a restaurant, multiple bars and a set of private singing suites, plus large awnings and blacked-out windows. Saporta Report says those exterior changes have drawn objections from the Atlanta Preservation Center and the Reynoldstown Civic Improvement League. Atlanta Dairies is also home to The Eastern.
Farther out Ponce de Leon Avenue, Selig Enterprises has filed a rezoning application to replace a run of older low-rise buildings in Virginia-Highland with roughly 330,000 square feet of new construction: 375 apartments and 10,000 square feet of ground-floor retail in a building capped under 150 feet, or about 14 stories, stepping down toward single-family homes to the north. Fifty-seven units would qualify as affordable, with expected average rents of $1,700 for one-bedrooms and $2,055 for two-bedrooms. The 1.75-acre site sits near Bonaventure Avenue, across from Hotel Clermont, and just east of the block where Portman Holdings abandoned a larger redevelopment three years ago. The dive bar The Local is not part of the site. The filing includes no construction timeline and no renderings.
Original reporting: Urbanize Atlanta (2026-07-30)