Selig Development, the development arm of Selig Enterprises, one of Atlanta’s largest privately-held commercial real estate firms, and GID, a vertically-integrated real estate company, this week announced a joint venture partnership for the multifamily community at The Works, Selig’s 80-acre adaptive reuse development on Atlanta’s Upper Westside.
Construction on the 306-unit residential project is already underway, with the project completion slated for 2023.
Selig serves as the developer of the multifamily component, while GID serves as the equity partner. Wells Fargo is providing debt financing for the project.
“Our goal for The Works has always been to create a hub for unique experiences for Atlantans to enjoy and adding residential options is key to fulfilling that vision,” Steve Baile, Chief Operating and Development Officer for Selig Development, said in the announcement. “We look forward to the milestones ahead alongside the team at GID and to welcome our first residents in mid-2023.”
The multifamily community will complete Phase 1 of The Works, which is already home to 160,000 square feet of retail and 120,000 square feet of office. The new homes will be located at the front door of the development along Chattahoochee Avenue and adjacent to The Camp, the one-acre greenspace and heart of the property. The project, designed by RJTR and built by contractor Brasfield and Gorrie, will include a mix of floorplans, comprising 70 percent one-bedroom and 30 percent two-bedroom apartments.
Amenities will include an indoor/outdoor club room, fitness center, and coworking spaces. The property will also feature a pool and central amenity area with a Club Room along with clusters of gathering spaces for residents throughout.
With beginnings dating back to 1918, Selig Enterprises is a family-owned and operated real estate company that has a portfolio of more than 11 million square feet of retail, industrial, mixed-use and office properties throughout the Southeast and boasts several large-scale mixed-use developments, including the recently completed 1105 West Peachtree — a 675,000 square foot, Class A office tower anchored by Google, 178-room Epicurean Atlanta hotel and 40 West 12th, a 64-unit luxury residential tower.
In 2020, Selig worked alongside the City of Atlanta Department of Planning to create and receive one of Atlanta’s first industrial mixed-use (I-MIX) zoning designations, which allows for a newly-constructed residential component to exist within the historically industrial site.
“I-MIX allows us to develop residential and industrial uses together, while preserving historic buildings and filling them with creative makers and local businesses who have something new to offer the surrounding community,” Malloy Peterson, Senior Vice President of Selig Development. “We are grateful to the City for its proactive leadership and efforts in creating this novel zoning designation so we are able to bring more Atlantans to the Upper Westside.”
Future residents of The Works will be able to enjoy the development’s existing restaurants and retailers, including Chattahoochee Food Works (the 31-stall food hall), Fox Bros Bar-B-Q, Dr. Scofflaw’s, Ballard Designs, Adelina Social Goods, Stellar Bodies, Les Mains Nail Bar, American Axes, Tinte Salon BOBO Intriguing Objects, and Basik Spaces. By Spring of next year, tenants including The Third Spot, a restaurant by Dave Green, Waffle Experience, Brash Kitchen, and Fetch Dog Park will join the line-up.
The Works is also home to 125,000 square feet of adaptive reuse office space with tenants, including MacDermid, an Atlanta-based flexographic and printing solutions company, Uppercut, a post-production company based in New York City, Conisus, a provider of strategic medical communication services to the biopharmaceutical industry, and iHeartMedia, a leading global media and entertainment company specializing in radio, digital, mobile, social, live events and on-demand entertainment.