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Who’s Who It took 10 years to put together the City Center project. Originally, it was called CentrePointe but the name was changed to City Center in the spring of 2018. “In 2008 we were ready to go,” Webb said. “We had a European investor at that point in time, and the great recession hit. We signed documents in June and September is when the world fell apart. No projects went forward for five years. I wasn’t embarrassed by it; it was just a fact of life. It required a great amount of patience, perseverance and hard work, but we never wavered in our commitment to bring it to fruition.” With four decades, and counting, of real estate experience under his belt, Webb has been through far more ups than downs. “They’re all not going to work out,” he said. “I just smile and go on. You have to do that to be a developer.” His advice for anyone interested in a career in commercial real estate is to get in at the entry level. “Start as at the bottom and work your way up if that’s what it takes. Learn it bit by bit, day by day, and be prepared to pay the price because it takes time.” He added that luck can also be a factor. “I’ve had access to great partners and trusted associates who helped me through the years ,” he said. “It’s been an interesting ride.”

COMMUNITY

“[City Center is] the crown jewel of all of the projects that we’ve done. It’s going to be really neat.”

Even though he’s involved with City Center on a daily basis, he also has other projects in the works. “We just bought the big gold building, the BB&T building,” he said of the bank building on West Vine. “We’re working with BB&T to see what they want to do.” And the Webb Companies are building The Fountains, a 13-acre property on Harrodsburg Road across from Palomar Centre that will be retail-based. Another Lexington-based business is involved with the Webb Companies on The Fountains, the BB&T building and City Center: Greer Companies. Owner Phil Greer grew up in Letcher County with the Webb brothers, as did Ralph Coldiron, project manager of City Center. “They have a great team,” Webb said of Greer Companies. “They’re bigtime employers as well in this community. Phil has kind of flown under the radar but he’s very successful and doing great. Hard work and perseverance, that’s what gets it done.” Webb and his wife, Marla, have three kids in college now. Their twin sons are at different schools; one is a senior at the University of Alabama and will start law school at UK in the fall and the other is also a senior studying Media Arts at UK. The Webbs’ daughter is studying at Georgetown University in Washington, D.C. “I got married after 51 years of bachelorhood,” Webb said, admitting that he calls his mother-in-law “Governor.” That’s because she is Gov. Martha Layne Collins, so far Kentucky’s only woman governor. At this point, Webb has no thoughts of retiring. “I think I would go crazy if I were going to retire,” he said. “I’d be bored stiff.” As for City Center? “It’s the crown jewel of all of the projects that we’ve done,” Webb said. “It’s going to be really neat.” •

May 2019 | TOPSinLex.com

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Profile for TOPS Magazine

Tops in Lexington - May 2019  

Who's Who, What's New and What to Do in Lexington, Kentucky

Tops in Lexington - May 2019  

Who's Who, What's New and What to Do in Lexington, Kentucky