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How postindustrial redo The Works is coming together on Atlanta's 'Upper Westside'
Could it be Ponce City Market West? Not quite—at least not yet—but a sizable project on Atlanta’s so-called Upper Westside is planned to echo the adaptive-reuse feel of the Old Fourth Ward behemoth in several ways.
The first phase of Selig Development’s The Works project is transforming 27 acres of an 80-acre site neighboring Topgolf Atlanta. Substantial infrastructure work there is projected to wrap by next month, the company’s senior vice president of development, Malloy Peterson, tells Curbed Atlanta this week.
For more on this story: atlanta.curbed.com
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Fresh renderings: Midtown’s 1105 West Peachtree is changing a full city block
Specific timelines are emerging for a multi-pronged project that’s swallowing a block of prime Midtown real estate.
Sited along one of the subdistrict’s most active development corridors, Selig Development’s $530 million 1105 West Peachtree mixed-use venture is on the rise, with major construction milestones on the horizon.
Selig’s chief development officer Steve Baile told Curbed Atlanta this week that construction of the 3.5-acre, multi-tower project is on track to wrap in the third quarter of next year.
Google confirms Atlanta expansion, but details still vague
Google has had workers in Atlanta for 18 years, currently housing more than 200 employees in an understated office on 10th street in Midtown. But now, the tech giant plans to anchor a swanky new mixed-use project rising on West Peachtree Street.
On Monday, Google (Nasdaq: GOOG) confirmed its Atlanta expansion plans, with the new offices expected to open in 2022. Google will initially take five floors, or about 135,000 square feet, at 1105 West Peachtree. The project is from Selig Enterprises and will also include a hotel and condos.
For more on the story: bizjournals.com
Finally: Fox Bros. Bar-B-Q is opening a second location
When Jonathan and Justin Fox started Fox Bros. Bar-B-Q in 2004 out of their tiny Brookhaven house, the Atlanta barbecue landscape was very different. Small batch craft barbecue wasn’t as much of a thing as it is today.
After the Fox Bros. opened their DeKalb Avenue restaurant on Labor Day weekend 2007, they became a neighborhood fixture and a destination. Accolades, national food show appearances, a partnership with the Atlanta Falcons, a booming catering business with a commissary kitchen, the Que-osk, and tons of giving back to the community followed.
With the popularity came growing pains and the need to expand. Fox Bros. only seats 140 diners, the parking is limited, and they now make all of their sides at the commissary because the restaurant kitchen can’t keep up with the demand. After looking for a new space for four years, they’ve finally found the right spot for a second Fox Bros. in Selig Enterprises development The Works, which is on the Upper Westside. “The Works works,” says Jonathan. “This one felt right. It’s an Atlanta family-based development crew, and they’re all about their family, just like we’re all about our employees and family.”
For more on the story: atlantamagazine.com
New York post production studio expands into Atlanta, moving into city's own Upper Westside
A New York post production studio is expanding into Atlanta for the first time.
Uppercut, based in the Chelsea area of Manhattan, is moving into a new adaptive reuse project in Atlanta’s Upper Westside district. It will occupy just under 10,000 square feet in the first phase of The Works, an 80-acre industrial site along Chattahoochee Avenue that is being transformed into a mixed-use project for makers, new businesses, shops and restaurants.
For more on this story: bizjournals.com
Townhomes near Manuel’s Tavern to be complete by late 2020
Work on 16 townhomes located near the famed Manuel’s Tavern are expected to be complete in late 2020, Selig Enterprises said in a news release.
The townhomes, called 550 North Highland, will have three- and four-bedroom plans that average 2,400 square-foot each, according to the release. The town homes will also have partially covered rooftop patios.
Prices on the homes have not been released. Construction on the residential space, which sits on a former parking lot of the popular Pouncey-Highland bar, began last month.
For more on this story: https://www.ajc.com/
The Select to Open at City Springs
A 1920-inspired restaurant from the team behind Vinings' Paces & Vine is set to open next month in Sandy Springs.
The Select restaurant and bar will feature a mix of eclectic entrees and small plates inspired by American and European cuisine, alongside seasonal craft cocktails, local beer on draft and wine, located in the multi-use City Springs development. The city of Sandy Springs, Selig Enterprises and Carter announced the tenants for the City Springs mixed-use project last year.
The restaurant pays homage to Paris’ famed Le Select brasserie – a notable all-day gathering spot for artists and literary giants including Picasso, Hemingway and Fitzgerald – according to a press release.
Executive chef Matt Rainey will oversee the kitchen. Rainey, a Georgia native, most recently served as executive chef at both Rococo Steak and Ceviche Tapas Bar and Restaurant in Tampa, Florida, and worked at restaurants in D.C., Boca Raton, Fort Lauderdale and Tampa, before returning to Georgia. He was mentored early on by well-known restaurateur Pano Karatassos, according to a press release.
Upon opening, the restaurant will host live music nights called "The Select Nights," beginning at the end of dinner into the late evening. Weekend brunch and lunch are to come, according to a press release.
The forthcoming restaurant will feature an open, airy space designed by Smith Hanes Studio. The Select will also include an expansive indoor/outdoor patio enclosed by glass with a terrace overlooking a view of City Springs’ park and fountains. The dining room will seat 75 guests and will be available for private and semi-private events.
Selig Enterprises Adds Greg Selig Lewis
Despite its size — one of the largest privately-owned real estate companies in the Southeast — Selig Enterprises remains, at its core, a family business. It announced Feb. 11 that Greg Selig Lewis would be stepping into the role of senior vice president of development.
Lewis is the nephew of CEO Steve Selig and son of co-owner Cathy Selig. He is among the fourth generation of Seligs in the 100-year-old business.
Prior to joining Selig Enterprises, Lewis founded Innovative Roofing Group, which he ran for 15 years before selling it last year. He is a former board member of the Jewish Federation of Greater Atlanta and The Epstein School and current board member of Woodward Academy, Roofers Insurance Trust and Selig Enterprises.
“I am proud to welcome Greg,” Steve Selig said. “His experience in the local business community along with his strong track record of entrepreneurship, successfully leading and growing a company, will be an asset to our team.”
The Works Adds Scofflaw Brewing & NYC-Based Food Hall
A popular Atlanta suds maker and a New York-based food hall extraordinaire are joining what Selig Enterprises officials call a thoughtfully curated retail mix at The Works, an under-construction, adaptive-reuse district near Topgolf Atlanta.
Scofflaw Brewing—described by Selig reps as “one of the fastest growing breweries in history”—will open a 9,000-square-foot macro-brewery and tap room at The Works, meant to serve as Scofflaw’s main R&D facility (that’s research and development).
Expect a large outdoor area with games and gathering spaces and plenty of flowing Basement and POG Basement IPAs, plus exclusive releases such as high-gravity stouts, officials said.
Meanwhile, Chattahoochee Food Works will take 16,000 square feet in a prominent piece of the former warehouse district called the Makers Building.
It’s the brainchild of Robert Montwaid, of Gansevoort Consulting, who’s best known for cofounding Gansevoort Market five years ago beside Manhattan’s Chelsea Market.
Featuring food vendors, chef-driven events, a test kitchen, and artisanal market shops, the food hall will mark Montwaid’s first Atlanta venture. (His firm is in design and construction of more than 62,000 square feet of market space between Minneapolis and Chicago, per Selig reps).
The food hall is intended to anchor the restaurant section at The Works, spilling onto a quarter-mile linear park running through phase one called The Spur.
Scofflaw will continue operating its popular brewery at another Selig-owned property nearby, officials noted.
The 27-acre phase one, projected to open in early 2020.
A key piece of what developers and resident groups are calling Atlanta’s Upper Westside, The Works’s 1 million square feet of industrial space has been owned by Selig for seven decades. Eventually, it could encompass 350,000 square feet of retail and entertainment, 500,000 square feet of office space, 500 residences, 200 hotel rooms, and 13 acres of greenspace.
For now, phase one’s 27 acres (with 485,000 total square feet of repurposed space) is on track to open early next year, Selig officials said in a press release.
The first new retail space in the development, a flagship for Ballard Designs, opened last summer.
Elsewhere in the Upper Westside pipeline, TQ-UWS Apartment Homes is moving forward with a 271-unit project near Crest Lawn Memorial Park. And a groundswell of houses and townhomes under construction in the area is expected to complement Westside Village, a $40 million multi-use development that aims to serve nearby neighborhoods with shops, restaurants, and residences.
Smith Gambrell & Russell to help anchor 1105 West Peachtree
Atlanta law firm Smith, Gambrell & Russell LLP is relocating its headquarters to a new 31-story Midtown office tower within the $400 million mixed-use project 1105 West Peachtree.
The firm, which has about 120 attorneys in Atlanta, will move from 1230 Peachtree St., also known as the Promenade building. It’s been in the building since 1991. It will relocate in 2021.
Smith, Gambrell & Russell signed a long-term lease to occupy the ninth through 12th floors of the new tower, which will overlook the well-traveled West Peachtree corridor just south of 14th. It’s where developers have recently added several residential buildings.
Selig Enterprises is developing 1105 West Peachtree. It started site work and will begin to go vertical with the new building next year. Smith, Gambrell & Russell is the first tenant to sign a lease in the office tower.
The firm, which has large practices in aviation, real estate, intellectual property and corporate litigation, is one of the city’s oldest — with roots dating back to 1893. It is the city’s 12th largest law firm based on the number of attorneys in Atlanta, according to Atlanta Business Chronicle’s Book of Lists, with total Atlanta staff of about 200.
Nationally, it has continued to expand. Last month, it entered Miami. Last year, it opened a new office in Los Angeles. Globally, it has expanded in the past year with new offices in London, Southampton and Munich. It also carried out a larger expansion of its New York office.Smith Gambrell & Russell now has 250 attorneys in 10 offices globally.
Stephen M. Forte, the firm’s chairman and managing partner, called the relocation of the headquarters to 1105 West Peachtree transformative. He said the firm was drawn to the new tower’s modern architecture and extensive amenities. Both features fit the firm’s evolving culture, Forte said.
Smith, Gambrell & Russell will lease 102,320 square feet in the tower, with direct access to the Sky Plaza — an acre of amenities on top of the project’s parking deck including a pool, green space, bar and restaurant.
The 3.6-acre project will also have a 178-room Marriott Autograph Collection hotel and 64 luxury residential units. The entire development is being designed by the architect Rule Joy Trammell Rubio.
The law firm’s decision to move means it can custom design its office space, said Jay Schwartz, partner and head of the relocation committee. That will help attract and retain talent as the firm continues to grow, he said.
While many law firms in cities such as London, New York and San Francisco have offset soaring rents by opting for open office designs or reducing space, those trends haven’t filtered down to Atlanta’s legal industry yet, at least not broadly, said Steven Swicegood, managing director, principal, with the architect Gensler.
At the top of the Midtown office market, rents are around $50 a square foot for new space.
“Many firms have largely chosen to maintain the status quo when it comes to design, except that they are putting more social hubs in these new offices,” Swicegood said.
“They want a place where people can connect.”
For months, Selig Enterprises has reported steady inquiries from office tenants about the 1105 West Peachtree project. Other leases may be on the short-term horizon.
It is the first project in Midtown since the company launched its own development arm, said Steve Selig, CEO of Selig Enterprises. He described Smith, Gambrell & Russell as one of Atlanta’s most distinguished and respected law firms.
Eric Mandus, partner in the Atlanta Real Estate Practice, participated in lease negotiations. Shea Meddin, Andrew Ghertner, Carla Williams, and John Izard of Cushman & Wakefield represented the law firm.
Midtown has several new office projects underway along West Peachtree. For example, MetLife Inc. received conditional approval earlier this fall to move ahead with its 9-acre mixed-use development at West Peachtree, 17th and Spring. Cousins Properties Inc. has a site at West Peachtree Street a block from Technology Square.
The 30-story tower would rise on slightly less than an acre between 7th and 8th streets.However, Selig Enterprises appeared to be the furthest along, Cushman & Wakefield’s Ghertner said.
“In our assessment, they were the most prepared to get started,” he said.
Chris Ahrenkiel and Steve Baile of Selig Enterprises represented the developer.
The new 1105 West Peachtree project has ushered in a new era for the nearly 100-year-old company, which was largely known for investments over much of its history, not development.
However, spurred by the late Scott Selig, the company launched a new development division and positioned itself to become one of the city’s most active developers of new mixed-use projects over the next two decades.
Selig Enterprises Celebrates 100 Years
Atlanta commercial real estate firm Selig Enterprises celebrated 100 years in business at an Oct. 25 event at 1295 Chattahoochee Ave.
Atlanta Business Chronicle photographer Byron E. Small caught up with many of the big-name attendees, including Steve Selig, the company's president and chairman.
Selig Enterprises Adds Chris Ahrenkiel
Atlanta real estate company Selig Enterprises Inc. continues its shift from being known as just an investor, adding former Tishman Speyer leasing and development executive Chris Ahrenkiel.
Ahrenkiel joins the 100-year-old company as executive vice president of commercial leasing and development. He will lead office development, acquisitions and commercial leasing for Selig’s development division, which it launched a little more than a year ago.
The move follows the death of the division’s former president Scott Selig, who led the company’s expansion into more development in 2016. At the time, Selig said of the company’s portfolio, “I truly believe we have the best property in this city hands down for the next 30 years. We have the opportunity to finally be what we can be.”
Selig, who had been diagnosed with cancer, was recruiting Ahrenkiel before the new development division was announced. Both were board members on the Commercial Board of Realtors, where Selig encouraged Ahrenkiel to become more involved in the community. Ahrenkiel has since joined the board of Invest Atlanta, the city’s Atlanta’s economic and community development arm.
“Scott was not shy about selling his vision,” Ahrenkiel said in a release. “You couldn’t help being drawn in.”
Ahrenkiel immediately boosts Selig’s plans as a developer, after decades of assembling a portfolio of high-profile sites.
There’s the nearly 4 acres on West Peachtree for a new mixed-use project including a more than 30-story tower, and 80 acres in the emerging Upper Westside of Buckhead, a destination for loft office and the city’s hottest restaurants. Other properties include Ansley Mall, Buckhead shopping centers, acres on intown corridors such Cheshire Bridge Road, and established Atlanta restaurants and nightspots such as Smith’s Olde Bar, the White House Restaurant, Silver Skillet and The Colonnade.
Ahrenkiel began his career in commercial leasing with Trizec Properties, then spent the past 11 years with Tishman Speyer. He led the Atlanta office as managing director, where he helped bring the 30-story Three Alliance Center to more than 90 percent leased.
The tower boasts some of the highest rental rates in Atlanta. It sold earlier this month for about $535 per square foot, setting an Atlanta record.
Tishman Speyer was seen as taking a big risk when it started work on Three Alliance more than three years ago. At the time, Buckhead was still shaking off the effects of over-development in the previous real estate cycle.
“He filled up Three Alliance when many doubted that it could be done,” said Lawrence Gellerstedt IV, who leads Cushman & Wakefield’s Atlanta office tenant representation practice. “Think about the brand he’s built on the landlord side. He has made a career of selling creative ideas that were ahead of their time.”
Ahrenkiel joins a Selig team that includes chief development officer Steve Baile; chief investment officer Matt Rendle, formerly of Jamestown; and senior vice president of development Malloy Peterson, formerly of Carter.
The company is developing several major projects including:
The Works at Chattahoochee, an 80-acre adaptive reuse development in Atlanta’s Upper Westside.
1105 West Peachtree, a mixed-use, high-rise development in Midtown.
1125 Peachtree Street, a mixed-use, high-rise development.
Selig Enterprises is positioned to be one of the city’s most active developers over the next decade.
“A lot of conversations are meant to stay between a father and a son,” Steve Selig, the company’s president and chairman, said in a release. “However, it was Scott’s vision and leadership that won me over. He was adamant about expanding our portfolio though both acquisitions and development, and he knew the key was adding team members that could create and execute on those opportunities. Chris [Ahrenkiel] is a tremendous addition to this team — to Scott’s team.”
Scott Selig Passes After Battle with Cancer
Scott Selig, the young and charismatic development executive with prominent Atlanta real estate company Selig Enterprises Inc., has died.
Selig, who was battling cancer, was known for his defiance of the disease, which inspired an active social media following over the past year under the Facebook campaign #ScottStrong. It grew to several thousand supporters, including friends and real estate colleagues.
Selig was 47 years old.
Despite his illness, he pressed on with more endeavors over the past year. As president of Selig Development, a new division at Selig Enterprises, he led the 100 year-old company’s expansion to mixed-use projects including the $400 million 1105 West Peachtree and a $1 billion development along Chattahoochee Ave.
Selig had convinced his father Steve Selig to form the division and make a stronger push into development. Until that point, Selig Enterprises had been known more as an investor.
The elder Selig recalled to Atlanta Business Chronicle last year how he eventually realized his son was right — the company should expand.
“When my dad was alive, I’d go in and have all these great ideas about things we ought to be doing here,” Steve Selig said referring to his own father, Simon. “My dad would look at me and say ‘Steve, I’m comfortable. I don’t need to do anymore. I don’t need to take any risk.’ And I’d find myself being my dad when Scott would come in and say the same thing to me. I would sort of feel ‘Why do I need to take this kind of risk?’”
Last December, Scott Selig was named Realtor of the Year by the Atlanta Commercial Board of Realtors, a powerful industry group. In August, Selig was honored by his peers as one of Atlanta’s most admired CEOs.
He told Atlanta Business Chronicle how much he respected his father, saying “My favorite leader I admire is actually my father. A man that has earned the praise and respect from all facets of the community and strives to makes his employees better and always at ease knowing their careers are not in jeopardy no matter what the economy is doing. He has taught the skills of being approachable while also commanding the respect of a well-versed CEO.”
Friday morning saw an outpouring of both grief and admiration for Selig on Facebook:
Selig colleague Malloy Peterson: “A devastating loss for this world. Scott was a ray of sunshine up until his last days. Prayers to the whole family. We will miss him dearly.”
From Atlanta developer Jim Borders: “Very sad day in Atlanta, Georgia. Scott loved his family and his friends - including the real estate community, which will not be the same without him. ... My prayers are with the Selig family. I will miss Scott.”
Jim Langford, former director of The Trust for Public Land: “So sorry to hear of Scott’s passing. He was a smart, fun and high energy guy. I first met him during the early days of our Beltline tours and planning sessions. He was eager to engage with new ideas and eager to help.”
And around lunch time, Michael Paris, president and CEO of the Council for Quality Growth, sent out a statement about Selig, who was a long-time board member.
"Scott was truly a great leader, not only here at the Council where he was slated to be chairman in 2019, but in dozens of civic and philanthropic efforts," Paris said. "His tireless activism will leave a huge void across our region ... Much like his father Steve, Scott truly embodied his family’s motto, 'You can never do wrong by doing right.'"
Selig Plans Billion-Dollar Project on Upper Westside
Selig Development announces The Works at Chattahoochee, an 80 acre mixed-use development in Atlanta's Upper Westside.
The Works will convert the area's low-rise brick warehouses into 600,000 square feet of office space, 500,000 square feet of retail, 500 residences, a 200-key boutique hotel, and 13 acres of greenspace. The project will be delivered in phases over the next ten years, and Phase 1 is already underway.
Selig Makes Big Move into Real Esate Development
A $400 million mixed-use project in Midtown is ushering in a new era for nearly 100-year-old Selig Enterprises Inc. that could make it one of Atlanta’s most active developers over the next two decades.
Selig Enterprises is proposing the new project, anchored by a 32-story tower, at 1105 West Peachtree Street, part of a formerly overlooked Midtown corridor now dotted with new apartment and retail development. Selig’s plans include 645,000 square feet of office space, up to 80 residential units, a 150-key boutique hotel, and street-level retail. Atlanta Business Chronicle first reported the project online Dec. 7.
The plans mark an expansion for the company, giving it a greater focus on development. That’s significant.
DeKalb's Suburban Plaza Wins Redevelopment Award
Suburban Plaza in DeKalb County has won a major award for the design of its upcoming redevelopment. The 2016 Regional Redevelopment Award was presented to local officials at the Metro Atlanta Redevelopment Summit.
Suburban Plaza in DeKalb County has won a major award for the design of its upcoming redevelopment.
The 2016 Regional Redevelopment Award was presented to local officials at the Metro Atlanta Redevelopment Summit on Thursday, the Atlanta Journal-Constitution reported.
The annual summit brings together more than 200 developers, commercial real estate brokers, elected officials, business leaders and community development experts to discuss industry trends in the metro Atlanta area.
DeKalb's Suburban Plaza houses the Comet Pub and Lanes.
For more on this story: www.patch.com
SELIG PLANS 500-ACRE PROJECT IN LAGRANGE
Longtime Atlanta real estate company Selig Enterprises, known for intown Atlanta projects as varied as the sleek 12th & Midtown towers to the neighborhood pub Manuel’s Tavern, is launching a 500-acre mixed-use project in LaGrange, Ga.
Selig Enterprises has just landed Madison, Wis.-based Great Wolf Lodge to bring a $170 million hotel and indoor water park to 45 acres of the project, about an hour southwest of Atlanta. Now, Selig Enterprises is revealing plans for the rest of the development that would include a 300,000-square-foot outlet center, and a 200,000-square-foot village with a grocery store, restaurants, hotels and office space.
The project includes 247 acres on the north side of Interstate 85 and 305 acres to the south. The outlet center and village will create an open-air, pedestrian-oriented development a five-minute walk from Great Wolf’s project, the developers said.
For more on this story: http://www.bizjournals.com/
19-STORY STUDENT HOUSING TOWER PLANNED NEAR GEORGIA TECH
On March 8, project architect Niles Bolton Associates presented plans to the Midtown Development Review Committee.
Called “The Standard,” the project would replace an existing Starbucks and the former Spring4th Complex, which included venues such as Quad.
The project would include 280 apartments (a mix of one, two, three, four and five-bedroom units) and 11,200 square feet of commercial space.
A Starbucks coffee shop would anchor the street-level retail with a drive-thru lane accessible from 4th street.
The project could break ground this summer, with the first units delivering around summer 2018.
Among its amenities, the tower would feature a fitness center, study rooms, gaming lounge and bike lockers. It would also have outdoor terraces, balconies and a pool.
For more on this story: www.bizjournals.com
Selig, Green street to partner on manuel's tavern project
Green Street Properties plans to bring on Selig Enterprises Inc. as equity partner and co-developer of the Manuel’s Tavern renovation and mixed-use project.
The move comes about a year after the project was first announced, and it continues a surge of investment and development toward the city’s historic intown neighborhoods and near the Atlanta Beltline.
The deal could close this week.
Selig is a nearly 100-year-old family owned Atlanta real estate company with experience developing large mixed-use projects on Peachtree Street, such as 12th & Midtown. It also owns intown neighborhood landmarks including Ansley Mall and Midtown music venue Smith’s Olde Bar. That experience made Selig Enterprises “a terrific partner for this development,” said Katharine Kelley, president of Green Street Properties.
For more on this story: http://www.bizjournals.com/atlanta/
DeKalb Chamber of Commerce Hosts 78th Annual Meeting
Among 400 business and community leaders, the DeKalb Chamber of Commerce hosted its 78th Annual Meeting & Business Luncheon on Thursday, February 18 at Georgia Aquarium. Presenting sponsors included AT&T and Oglethorpe Power.
Keith Parker, CEO & General Manager of MARTA, served as the Keynote Speaker of the event, sharing MARTA’s role in shaping economic growth and quality of life in DeKalb County. Parker shared expansion plans to come to DeKalb County, including mixed-used redevelopments at the Brookhaven/Oglethorpe and Avondale Estates stations. Outgoing board Chair Al Edwards, Managing Director of CERM, passed the gavel to incoming board Chair Diane McClearen, Director of Community & External Relations at Oglethorpe Power. The newly elected board members are Erik Bryant, Vice President, Atlanta Commercial Group, BB&T; Tom Burns, Owner, Toro Properties Rehab LLC; John Funny, President & CEO, Grice Consulting Group; Vaughn Irons, Founder & CEO, APD Solutions; Andrew Lewis, Executive Vice President, Georgia Charter Schools Association; and, Jason Ressman, Director of Operations, Hyatt Atlanta Perimeter at Villa Christina.
For more on this story: http://www.dekalbchamber.org/
IT'S SELIG'S OLDE BAR NOW
One of Atlanta's founding real estate families has bought one of the city's most popular bars.
Selig Enterprises has purchased the retail center occupied by Smith's Olde Bar for more than $3M, according to Databank. The property, called Morningside Strip Center, consists of nearly 18k SF of retail and another 27,400 SF of land, and has been owned by the estate of Beverly Taylor for more than 90 years. City Realty Advisors' Tim Holdroyd brokered the sale. "We already have a substantial investment in the area, including Ansley Mall and Ansley II, and this seemed like a natural fit," Selig CEO Steve Selig (here) says in an emailed statement to us.
For more on this story: http://www.cityrealty.net/
Suburban Plaza update: Walmart, LA Fitness openings
Walmart and LA Fitness will open this year in the newly-redeveloped Suburban Plaza on Church Street and North Decatur Road.
Bill Stogner, Senior Vice President with Selig Enterprises which is developing the retail center, told Decaturish that Walmart will likely open November 11, and LA Fitness will open by December 1, though dates are subject to change.
Stogner said HomeGoods and Jo-Ann Fabric and Craft Stores will potentially open around March. “Ross Dress for Less will open up probably in June,” Stogner said. “The rest of the center will probably open up the first part of spring.”
“We have a Louisiana-style Cajun restaurant committed to the project,” Stogner said. “We’ve got a pediatric dental company coming in on the Church Street side.”
For more on this story: http://www.decaturish.com/
​Dancing Goats Coffee Bar planned for Midtown
Some good news on National Coffee Day— a trendy coffee shop is planning a new location in the heart of Midtown.
Dancing Goats Coffee Bar is coming to 33 Peachtree Place, a new mixed-use development from Atlanta-based Wood Partners that’s now under construction at the intersection of West Peachtree Street.
The coffee shop would be roughly 2,000-square-feet with a 600-square-foot sunken patio. It’s set to open in summer 2016.
It would sit across from the Midtown MARTA station and within walking distance to Technology Square, where development is booming with new student housing and the future home of NCR Corp.
“There is so much going on in Midtown — so much excitement and energy — we wanted to be a part of that,” said Mike Ferguson, business development director at Batdorf & Bronson Coffee Roasters, the Olympia, Wash.-based company that operates Dancing Goats. “We were attracted to a new build so we could have input on the creation of the space. Finally, we love being in a spot where we can have a lot of student and business customers while still having a strong resident customer base. Our model is to be the neighbor who brews coffee, so it is very important to us to have people living all around us.”
For more on this story: http://www.bizjournals.com/l
Founding Families: From $5000 Bet to 10M SF Portfolio
At the turn of the century, Ben J. Massell made a $5k bet on a piece of property in the City of Atlanta that grew into Selig Enterprises, which today controls some 10M SF of commercial real estate. As former Atlanta Mayor Ivan Allen Sr. put it in 1961, “Sherman burned Atlanta and Ben Massell built it back.” Ben was—according to another famous Atlanta mayor, William Hartsfield—a “one-man boom.”
THE FOUNDING FATHER
Ben came from a Lithuanian family that immigrated to the US and opened a grocery store in Atlanta. It was a short-lived enterprise; by 1918, Ben had launched a commercial real estate shop with the purchase of that first parcel. Soon it was apparent he had a knack for real estate, developing storefronts and commercial buildings throughout Atlanta, which was discovering its power as an economic engine. At the same time, the Selig side of the family arrived in the US from Germany, setting up a chemical business here. These two families would not become one until 1939, when Steve's father, Simon “Slick” Selig, married Ben's daughter, Caroline Massell.
For more on this story: https://www.bisnow.com/
The Westside Goes Boom!
Hundreds of millions of dollars are pouring into the Westside, which has transformed in recent years from a rundown industrial space to a hip, walkable community that ties together Midtown, Buckhead and downtown.
In the last decade, $1 billion or more has been invested in the Westside, said Michael Phillips, president of Jamestown, who teamed up with Westbridge Partners to redevelop one of the key projects in the area, White Provision. Chris Faussemagne, principal of Westbridge Partners, said at least $250 million in projects have come online since 2012.
Several developers with projects in the area likened it to New York City’s Meatpacking District.
“It’s a former industrial area with that used to have a lot of large warehouses and manufacturing uses, and it’s changing,” said Scott Selig, vice president of Selig Enterprises. “A lot of residential units are going in, a lot of retail, restaurants and entertainment. It’s becoming a place for people to live, and it’s very close to downtown, which makes it appealing.”
Fulton Industrial CID restores historic sculpture
A giant 48-year-old outdoor sculpture at the center of Atlanta’s Fulton Industrial Boulevard corridor has been refurbished back to its original “sunrise red” luster.
The commercial painting and coating company Benise-Dowling & Associates Inc. of Decatur completed work this month restoring the Atlanta Gateway sculpture, a geometric work built in 1967 at the intersection of Great Southwest Parkway and Fulton Industrial Boulevard in conjunction with a planned industrial park.
The $40,000 restoration was financed by the Fulton Industrial Community Improvement District.
“The revitalization of the Gateway is symbolic of the CID’s efforts to return Fulton Industrial Boulevard to its stature as a catalyst for economic development both regionally and internationally,” said Kent Walker, secretary of the CID board and vice president of Selig Enterprises Inc.
Top metro Atlanta Retail Real Estate Pros Gather in Las Vegas for ICSC RECon
LAS VEGAS — About 34,000 top real estate professionals are gathered in Sin City for the annual RECon convention, one of the key gatherings for the top minds in retail.
The International Council of Shopping Centers convention is where retailers, brokers, lawyers and developers meet, talk shop and plant seeds for new stores, new complexes and property sales. Some of the top development groups with strong metro Atlanta ties are here, including Selig Enterprises, Simon, General Growth Properties, North American Properties, Fuqua Development and OliverMcMillan.
Virtually all of the powerhouse real estate services groups are here too, including CBRE, JLL and The Shopping Center Group, as well as law firms like Hartman Simons and Arnall Golden Gregory.
For more on this story: http://business.blog.myajc.com/
MetLife May Begin Work on Midtown Mixed-Use Complex
MARTA would like to see more retail and residential space created near the Arts Center station and the Downtown Connector.
MetLife has acquired eight acres of land near the Arts Center MARTA station which it hopes to turn into a mixed-use development to revitalize the area.
According to the Atlanta Business Chronicle, the insurance giant’s latest purchase was an 0.7 acre plot at 17th, Spring, and West Peachtree streets. The collection of land could be converted by MetLife and Selig Enterprises into a complex meeting the desires of MARTA to build a high-rise residential tower, street-level retail, and a hotel adjacent to the Arts Center station.
For more on this story: http://patch.com/
Selig Distinguished Service Award
This award was established in 1986, by American Jewish Committee Atlanta, in memory of Caroline Massell Selig and Simon S. Selig Jr. and is presented each spring at the Atlanta Chapter Awards Dinner. Recipients of this prestigious award reflect the Seligs’ dedications, commitment and generosity to the enhancement of the Atlanta community.
Eliot M. Arnovitz
6pm - Cocktails
7pm - Dinner/Program
Featuring - Bret Stephens, deputy editor, editorial page, The Wall Street Journal
HONORARY CO-CHAIRS
Cathy & Steve Kuranoff
Linda & Steve Selig
DINNER CO-CHAIRS
Lynne & Jack Halpern
Lila & Doug Hertz
Joyce & Jay Schwartz
HOST COMMITTEE CO-CHAIRS
Juli & Billy Bauman
Caren & Michael Merlin
About Eliot
Eliot M. Arnovitz is a native Atlantan. He attended Tulane University where he was President of the Tulane Inter-fraternity Council and was named “Who’s Who in American Colleges and Universities.” After graduating in 1970 with a BA in sociology, he became a commissioned officer in the U.S. Army Transportation Corps.
He began his career in the family real estate business, M & P Shopping Centers, which specializes in the ownership and operation of neighborhood shopping centers in the Southeast. He has served as President and CEO since 1985.
For more on this story: http://www.ajcatlanta.org
Kennesaw State University Foundation Names New Chair
Jo Ann Chitty, senior vice president of Selig Enterprises, Inc., has been named chair of the Kennesaw State University Foundation.
Chitty succeeds Connie L. Engel, who served as chair of the Foundation since October 2012. The KSU Foundation, which has existed for the past 45 years of the University’s 51-year history, has been instrumental in Kennesaw State’s remarkable growth through real-estate acquisitions and construction, funding of student scholarships and other necessary financial support.
As senior vice president at Selig Enterprises, Chitty is responsible for the company’s acquisitions, development and project finance. Prior to joining Selig in 2005, she served as founding executive director and president of the UGA Real Estate Foundation, Inc., a 501(c)(3) nonprofit created as a public/private entity to acquire, develop and finance real estate projects for the University of Georgia. She handled more than $200 million in real estate assets during her five-year tenure.
For more on this story: http://web.kennesaw.edu/
Selig’s top priority is his relationships
To say that family is important to Steve Selig is a major understatement.
“I would say family comes first, second, third, fourth and fifth and then everything else comes after that,” Selig said. “To me — and it may sound a little trite because most people say this — but I can assure you, family is so far first in importance I don’t even know what’s second. I am blessed to have 14 grandchildren. I am blessed to have a wonderful wife and a wonderful sister. I have five great kids. We just have a very loving, very close family.”
Those aren’t just empty words for Selig, according to his son, Scott Selig, vice president of acquisitions and development for Selig Enterprises Inc., the family’s real estate company.
“Family is the most important thing to my father. His days revolve around his children and his grandchildren. There is no event and there definitely is no distance that is going to keep him away from a soccer game or gymnastic meet, a school play or grandparents’ day,” Scott said. “I have seen my father travel halfway around the world and only stay for 24 hours because he refused to miss a special event for one of his family members. His love and his passion for his family is the foundation for who he is.”
Focus on: 77 12th – Development of Excellence Award Finalist
77 12th is a 23-story mixed-use tower consisting of 330 luxury one-bedroom and two-bedroom high-rise apartments and 20,000 square feet of street-level retail and restaurants.
Upscale features include ten-foot ceilings, granite and stone kitchens and baths, stainless-steel appliances and full-size washers and dryers. Amenities on the top floor include a club room, game room, fitness center and sky deck that provides sweeping panoramas of the Midtown and Downtown Atlanta skylines. The tower also features an extensive rooftop terrace across the parking deck. The private terrace level features lush landscaping, a zero entry salt water pool with waterfall and tanning ledges, multiple grilling stations, outdoor dining areas, bocce court and more.
For more on this story: http://atlanta.uli.org/
Princi Italia restaurant coming to 77 12th Street
There’s been a bit of a shuffling of retail tenants at 77 12th St., a luxury apartment tower in Midtown.
Dallas-based restaurant Princi Italia is now set to open a new location at the building, which is the newest phase of the 12th & Midtown development.
The restaurant is taking the spot at the corner of Crescent Avenue and 12th Street that once was planned to become Taco Diner, a concept from Dallas-based MCrowd Restaurants and a sister restaurant to Mi Cocina.
Princi Italia is an upscale pizza and pasta joint that’s under the same ownership as nearby Midtown sushi spot STEEL Restaurant & Lounge.
It will be the first location in the state.
“The concept is really unique for Atlanta,” said Shirley Gouffon, senior vice president for Selig Enterprises Inc., who handles retail leasing at 12th & Midtown. “It’s a very sexy concept.”
Carter-Selig team to develop Sandy Springs project
Veteran Atlanta real estate development companies Carter and Selig Enterprises will team up to develop the City Center project for Sandy Springs.
The Sandy Springs City Council approved the move June 17.
The City Center project aims to transform parts of the aging Roswell Road corridor into a more walkable district. The area being redeveloped is a 14-acre block bounded by Johnson Ferry Road, Roswell Road, Mount Vernon Highway and Sandy Springs Circle. It will include a civic/cultural center, mixed-used development, parking and green space.
The project comes almost nine years after Sandy Springs officially became a city. Sandy Springs also makes up part of the largest office market in metro Atlanta, known as the central Perimeter, an area that houses the headquarters of United Parcel Service Inc. (NYSE: UPS) and Newell Rubbermaid Inc (NYSE: NWL).
Sandy Springs and other suburban Atlanta cities have seen the success intown areas have enjoyed in luring more investment to urban, walkable districts where people can live and shop closer to their jobs.
Suburban Plaza – Demolition begins soon
Documents published by the Medlock Area Neighborhood Association show that developer Selig Enterprises will soon begin demolishing existing structures at Suburban Plaza to make way for a Walmart.
Scott Selig on June 6 provided residents living near Suburban Plaza an update.
“We will begin demolishing a portion of the shopping center in the coming weeks and will commence with our facade renovation this fall,” Selig wrote. “All sidewalks, bike paths, and green space will be done as the construction is taking place.”
Selig wrote that the company expects to have the project completed by next summer and be ready to open in fall of 2015.
The developer also wants community feedback on a special use permit for a Starbucks drive-through at the shopping center. There will be a meeting about that permit on June 24 at North Decatur Presbyterian Church, located at 611 Medlock Road. The meeting begins at 7 pm.
Selig’s letter says the company donated $5,000 to the Medline Livable Centers Initiative Study, a master plan for a 520 acre area that includes the shopping center. According to Medline LCI, the study area is, “framed by four major intersecting corridors: Church Street, Scott Boulevard/Lawrenceville Highway, North Decatur Road and DeKalb Industrial Way. General boundaries are defined by Jordan Lane to the north, Medlock Road to the west, Remington Lane to the south and DeKalb Industrial Way to the east. The DeKalb Medical Center, Patel Plaza and Suburban Plaza are all popular destinations located within the study area.”
Steve Selig to receive 2014 Four Pillar Award
The Council for Quality Growth has tapped real estate businessman Steve Selig as the recipient of the 2014 Four Pillar Award.
The award is one of the most prestigious annual recognitions given to leaders who have had a major impact on the Atlanta region – from Tom Cousins to Arthur Blank to Shirley Franklin to Johnny Isakson to John Portman.
“It reads like a Who’s Who. These are all people I’ve looked up to and learned from,” Selig said in an interview from his company’s offices on Spring Street. “It’s overwhelming.”
Selig, however, credited his grandfather, his uncle, his father and his mother for having the most influence on his life and career.
His grandfather, Ben Massell, started the business in 1918. When he died, half the business was left to Steve Selig’s uncle — Ben Massell Jr. — and his mother — Caroline Massell Selig. His father — Simon Stephen “Slick” Selig — came from a family that had been in the chemical business. That company – Selig Chemicals – was sold to National Service Industries, and Slick Selig joined his brother-in-law in the real estate business.
For more on this story: http://www.bizjournals.com/atlanta/print-edition/
Central Atlanta Progress goes back to the future with HQ move
Central Atlanta Progress hoped to make a statement with its move to the top floor of 84 Walton Street, a building that once served as headquarters for the Atlanta Birmingham and Atlantic Railroad.
“Our job is to help attract private capital, to promote adaptive reuse,” CAP President A.J. Robinson said in an interview with Atlanta Business Chronicle.
“As a redevelopment agency, [we] felt we could lead by example,” he added.
Robinson announced the relocation at the organization’s annual meeting at the Georgia World Congress Center March 19.
Central Atlanta Progress is moving from the Hurt Building on Edgewood Avenue, where it has been a tenant since 1988.
Its lease was up for renewal in July, and it thought after more than two decades in the same place that it was time for a change. CAP negotiated a new deal with 84 Walton Street owner Selig Enterprises Inc.
CBRE Heads Leasing For Selig Enterprises 84 Walton Street and 75 Marietta Street
Nestled in the Fairlie-Poplar District of downtown Atlanta, at the corner of Fairlie and Walton, sit 75 Marietta and 84 Walton Street, two buildings connected both physically and historically.
These buildings were originally built in the early 1900s, one of which was a Georgia Railroad and Power Company (the predecessor to Georgia Power) substation for powering the streetcar system, and the other occupied as the headquarters of Atlanta, Birmingham and Atlantic Railroad.
Only ¼ mile from the streetcar line in the center of the theater and arts district with Woodruff Park to the West and Centennial Olympic Park to the East and numerous restaurants, MARTA and the Atlanta BeltLine within walking distance, this location is perfectly suited for any organization looking to enhance their brand. Opportunities range from 1,500 to 81,000 square feet.
Charles Beard and Scott DeMyer are spearheading the leasing of the adjoined buildings.
For more on this story: http://www.cbre.us/
MAX’S WINE DIVE TO OPEN AT 12TH AND MIDTOWN
WINE BAR / DIVE BAR OPENING FIRST ATLANTA LOCATION AT THE 77 12TH BUILDING.
Houston-based MAX’s Wine Dive is opening at 12th & Midtown, the mixed-used development announced in a press release Monday.
The restaurant is slated to open sometime in the spring or summer of 2014 in the district’s 77 12th building. MAX’s is the sixth new restaurant tenant 12th & Midtown has announced this year.
“MAX’s Wine Dive was hand-selected as the perfect complement to our swiftly growing collection of eclectic restaurant and retail tenants,” Shirley Gouffon, Senior Vice President of Selig Enterprises, co-developer of 12th & Midtown, said in the release.
“MAX’s has received several awards and accolades and we are excited to bring this unique hot spot to midtown.”
For more on this story: https://whatnowatlanta.com/
12th & Midtown Inks Three New Corporate Tenants
New tenants to occupy office space at 1075 Peachtree Street with more expected office lease signing announcements expected in the next few months.
12th & Midtown, the more than 3-million-square-foot master-planned mixed-use development in the heart of Midtown, announced Tuesday three new office lease signings at 1075 Peachtree Street.
The recently secured new tenants that will operate in the space include two Fortune 500 companies, PNC Bank N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC) and The Prudential Insurance Company of America, as well as financial advisory firm, Conway MacKenzie, Inc.
These newly acquired tenants will join existing corporate tenants such as PWC, Fisher & Phillips, Atlanta Capital Management Co., BCG, Seyfarth Shaw Attorneys and more in the $500 million complex, which opened in 2010.
INTO THE INDUSTRIAL NEXUS
We've got word that Nexus Distribution has leased 75k SF at 120 Declaration Dr, a 300k SDF distribution center in McDonough. The company's brokers: Lee & Associates Brett Chambless and Dave Pals. Duke Realty Corp's Wes Hardy repped the landlord. It's the latest in a surge of bread-and-butter industrial activity. David Mitchell and Associates inked a 53k SF, seven-year deal at 601 Interchange Dr in Fulton Industrial. In that one, Oliaro Commercial's Matt Oliaro and King Industrial's Randall Bryan brokered the tenant while Selig Enterprises' Kent Walker (above) repped the landlord.
For more on this story: www.bisnow.com
Shirley Gouffon helps shape Midtown retail
Behind Shirley Gouffon’s sweet smile is a steadfast desire to reshape the Midtown Mile.
As senior vice president of Selig Enterprises Inc., Gouffon is in charge of leasing the retail component at 12th & Midtown, a mixed-use development in the works that one day will encompass seven city blocks at Peachtree and 12th streets in the heart of Midtown.
Her vision and determination to bring a mix of national and local luxury retailers to the development is helping transform the streets of Midtown into a walkable and vibrant area.
“We strongly believe that the future of Atlanta from many perspectives is Midtown,” said Gouffon, who has worked for Selig for 28 years. “With the onslaught of multifamily development that’s occurred in Midtown over the last five to 10 years, we feel the stage is beautifully set to begin creating a dynamic and exciting street-front retail shopping, entertainment and dining destination.”
And that’s what Gouffon has done.
Selig has joined with Daniel Corp. to complete two phases of the 12th & Midtown development. The third phase, an apartment tower called 77 12th Street, is in the works.
Today, phase one of 12th & Midtown is 90 percent leased. Phase two is about70 percent leased, Gouffon said.
We thought it would be nice to highlight a couple of fathers and their children who are both in CRE for Father's Day. What we didn't realize was how many multigenerations there are in our business.
There are times when Scott Selig (whose first name is really Stephen) is invited to a lunch, but it turns out the person meant to meet his father, the indominable Steve Selig (here with grandsons Cooper and Sam). “When they realize they have me at the meeting and not my father, I tell them, 'Don't worry, you got the younger, smarter Selig, maybe even the better looking one as well',” Scott says. But Scott says in both work and his personal life, Steve makes family come first. “My father's friends and employees are family to him, and there is nothing he wouldn't do to help them or protect them,” Scott says. “There is not a day that goes by that someone doesn't mention how he or she knows or has met my father and what a great man he is. That is what is most impressive to me.”
Buckhead Losing Cafe' Intermezzo to Midtown
The Buckhead cafe' has been open for almost 25 years and will relocate to 12th & Midtown in November.
The 12th & Midtown development team officially announced Tuesday that Café Intermezzo will soon bring its European flair to the $2 billion mixed-use development project on the Midtown Mile.
It had been reported by several media outlets last summer that Café Intermezzo was eyeing a Midtown location. Undisclosed until Tuesday was that the new Café Intermezzo locale will replace the Brookwood location in Buckhead that has been open for almost 25 years.
The Atlanta-based European coffeehouse will close its Brookwood doors at 1845 Peachtree Road in November when it reopens at 12th & Midtown and joins STK, Asselina Cucina, Ri Ra Irish Pub, RA Sushi, Mi Cocina and Piola at the mixed-use development.
The Atlanta Journal-Constitution Top Workplaces 2012 Selig Enterprises Inc
For nearly a century, Selig Enterprises (www.seligenterprises.com) has maintained a commitment to excellence, dedicated to meeting the needs of its tenants as well as the community.
Founded in 1918 by Ben J. Massell, Selig Enterprises’ portfolio includes shopping centers, industrial complexes and office developments throughout the Southeast. The company provides leasing, development, acquisition, space design, construction, legal, property management, parking operation (owns AAA Parking), brokerage and accounting services for more than 250 properties in 37 cities across 5 states.
Under the direction of Stephen Selig III, Selig Enterprises is one of the largest privately held real estate companies in the Southeast.
For more on this story: http://www.topworkplaces.com/
A Legacy Built On Belief in Giving Back to Community
Best in Atlanta Real Estate Awards
To celebrate the 90th anniversary of Selig Enterprises Inc. doing business in Atlanta in 2008, President and Chairman of the Board Steve Selig decided to take a trip to Beaver Creek, Colo. As a testament to how important his employees are to him, Selig decided to also invite all 180 of his employees — from the executive vice presidents to the warehouse personnel — along with a guest to join him.
“Many of those people had never even been on an airplane and to see the excitement in their eyes and hear their appreciation was probably the most significant thing. Of everything I’ve done, I think that meant the most to me,” Selig said.
The recipient of Atlanta Business Chronicle’s 2011 Best in Atlanta Real Estate Visionary Award, which recognizes the giants of commercial real estate who have, over the decades, set trends for others to follow, Selig credits much of his success to his employees, many of whom have worked with him for more than 30 years. Out of the top 15 people in the Selig offices, each averages 22 years with the company.
A 35-year veteran of the commercial real estate industry, Selig is responsible for notable developments that have transformed Atlanta — projects like Brookwood Place, Buckhead Triangle, The District at Howell Mill and The Plaza Midtown. Of all his noteworthy projects, he said he considers 12th & Midtown — a joint effort of Daniel Corp., MetLife Inc. and Selig Enterprises — to be one of the most significant of his career.
Selig, others, ride Kia wave in LaGrange
Selig Enterprises, one of Atlanta’s largest real estate companies, is chasing the economic wave created by Kia Motors in west Georgia. And Selig surely won’t be alone as more developers see opportunity in what is becoming a manufacturing mecca around the Korean automaker.
Just as Kia recently announced it will hire another 1,000 workers, Selig and joint venture partner Standing Tree Land Co. unveiled plans for a huge retail, hotel and residential development to include an outlet mall. The $400- to $600-million project would be built on about 305 acres of rolling hills they have under contract in LaGrange.
The partnership would act as master developer for a planned outlet mall, a power center, a grocery-anchored center, a medical office building, apartments and several hotels, said Bob Riddle, an executive vice president with Selig.
“This whole thing is driven by the Kia plant,” Riddle said. “They have 3,000 employees and there were 6,000 or 7,000 second-tier employees created in the last year through Kia suppliers.”
For more on this story: www.ajc.com
Loews Atlanta Hotel opens with fanfare
To the beat of a drum line, developers and hotel officials on Wednesday celebrated the opening of the Loews Atlanta Hotel in Midtown.
Developer Steve Selig, president of Atlanta-based Selig Enterprises Inc., one of the partners in the 12th & Midtown mixed-use project that includes the 414-room Loews hotel, said the opening “is the culmination of what we have been working for.”
Selig, who can trace his family's real estate development roots in Atlanta back 90 years, said he is proudest of the 12th & Midtown project.
New York-based Loews Hotels had been looking at the Atlanta market for 15 years, specifically in Midtown, said Jonathan Tisch, chairman and CEO of Loews Hotels.
But it wasn't until Selig and partner Daniel Corp. of Birmingham, Ala., showed Tisch the plans for 12th & Midtown project that he knew he had a place for his hotel, he said.
Loews Atlanta Hotel, at the corner of 12th and Peachtree streets, is the 12th Tisch has built and the 19th for the company.
12th & Midtown Named "Best Overall"
12th & Midtown, the four-block megaproject being developed by Daniel Corp. and Selig Enterprises took home the top award in Atlanta Business Chronicle's Best in Atlanta Real Estate 2009 awards. Daniel and Selig, along with financiers MetLife, Canyon-Johnson and others, are transforming Midtown's former "Hippie District" into a true live-work-play-eat-and-shop megaproject.
The billion-dollar-plus development is transforming the west and east sides of Peachtree Street between 11th and 13th streets, and for it success to date, it won the "Best Overall" category at the awards show. Best in Atlanta Real Estate was held Thursday evening at the Fox Theatre about 10 blocks south of 12th & Midtown. (Edelman represents Daniel on the 12th & Midtown project, and we had no influential over the selection process.)
Other winners included Newmark Knight Frank, which won Office Deal of the Year for its role in First Data Corp.'s 184,000-square-foot lease at Glenridge Highlands II and Jacoby Development Inc., which won Land Deal of the Year for its purchase of the shuttered Ford plant in Hapeville, Ga.
For more on this story: www.skylineviews.com
12th & Midtown project to define Miracle Mile
Four years ago, 12th & Midtown, a $2 billion mixed-use development being built by Selig Enterprises Inc. and Daniel Corp., was little more than an Atlanta nightclub, a couple of parking lots and a vision.
Today, the four-block project at the inter­section of 12th and Peachtree streets in Mid­town is nearly 40 percent complete and will eventually feature more than 3 million square feet of residential and commercial space.
The overall project comprises more than 1.2 million square feet of office space, more than 600 luxury hotel rooms, more than 1,000 residences and up to 300,000 square feet of retail. The project has been selected as Atlanta Business Chronicle’s Best in Atlanta Real Estate Awards winner in the Best Overall Category.
12th & Midtown is expected to be the cornerstone of the 14-block Midtown Mile, which local boosters hope will become a retail destination much like Madison Avenue in New York City or the Magnificent Mile in Chicago.
Selig honored by real estate investment group
An exclusive commercial real estate investment industry group will honor Stephen Selig, president and chairman of the board of Selig Enterprises Inc., for developing commercial real estate projects that have helped change the face of metro Atlanta.
The Southeastern region of the Real Estate Investment Advisory Council (REIAC), in conjunction with the Real Estate Department at Georgia State University's J. Mack Robinson College of Business, will induct Selig into the REIAC/GSU Hall of Distinction.
REIAC will honor Selig on Nov. 15 at the Westin Buckhead. A program discussing the past, present and future of the Midtown Mile market, which includes Selig's 12th & Midtown and other major projects, will be presented by Selig and his partners.
1100 Spring Street NW, Suite 550
info@seligenterprises.com