Selig Development to Build $400M Mixed-Use Project in Midtown Atlanta
ATLANTA — Atlanta-based Selig Enterprises Inc. has launched a new division known as Selig Development Corp., whose first development will be a $400 million mixed-use project located at 1105 W. Peachtree St. in Midtown Atlanta.
The project will feature 645,000 square feet of Class A office space, 80 residential units and a 150-room boutique hotel, along with street-level retail space. The 32-story office tower leads the project, encompassing an entire city block.
Totaling more than 3.5 acres between the 10th Street and Art Center MARTA train stations, the site is situated across from the new Northside Hospital Medical Office and a Whole Foods Market currently under construction.
Selig Development expects to begin construction on the project in mid-2017. The office portion is expected to be ready for occupancy beginning in the fourth quarter of 2019. Selig Development is in discussions with several tenants for the new office tower, and plans open nearly 50 percent pre-leased.
The boutique hotel will feature an outdoor pool, pool bar and event space within a 38,000-square-foot, deck-top plaza. The 80 residential units will start above the hotel rooms in the same tower and feature two- and three-bedroom units. The residential portion will have access to hotel amenities, as well as its own indoor pool, fitness center, dog wash and planting area.
Selig Development will concentrate its initial plans on infill projects in Atlanta before expanding to other markets in the Southeast. Selig Enterprises has tapped former Daniel Corp. executive Steve Baile as chief operating officer of Selig Development.
Baile previously worked with Selig on several projects, including the $1.5 billion 12th & Midtown project in Atlanta. Selig also recently added former Jamestown executive Matt Rendle to oversee the company’s asset management and investments.
The new development will mark the first speculative office project in Midtown Atlanta since Selig Enterprises and Daniel Corp. delivered 1075 Peachtree in 2010.
— John Nelson and Jeff Shaw