ATLANTA (Dec. 8, 2021) – 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, today 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 under way, 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 the 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,” said Steve Baile, Chief Operating and Development Officer for Selig Development. “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 sf of retail and 125,000 sf 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, comprises 70% one-bedroom and 30% two-bedroom apartments. Future residents will be able to enjoy state-of-the-art amenities that open onto The Camp, such as an indoor/outdoor clubroom, fitness center and coworking spaces. The property features a pool and central amenity area with a highly-programmed Club Room along with clusters of unique 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.
With a 60-year legacy in the industry, GID operates a diverse portfolio of multifamily, industrial, and mixed-use developments. GID has placed a demonstrated focus on Atlanta and operates nearly 2,700 multifamily units and 4 million square feet of commercial real estate, as well as a corporate office in the region.
“GID’s decision to join Selig Enterprises in this vibrant, historic and trendsetting community was an easy one,” says CEO of GID, Greg Bates. “GID is proud to help unlock the potential of this up-and-coming neighborhood by providing the resources that will bring this iconic project to life. The Works is a prime example of GID’s strong commitment to the Atlanta market and joins our other portfolio of projects that include High Street and Windsor Interlock.”
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,” said 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 best-in-class 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 Coffee, 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, and Conisus, a provider of strategic medical communication services to the biopharmaceutical industry, and iHeart Media, a leading global media and entertainment company specializing in radio, digital, mobile, social, live events and on-demand entertainment.
Leasing information will be available to the public in the coming months. To sign up for updates, please visit www.theworksatl.com/live . For more information, please follow The Works on Facebook, Twitter and Instagram or visit the website at theworksatl.com.
About The Works
The Works is an 80-acre adaptive mixed-use development in the heart of Atlanta’s Upper Westside, located off Chattahoochee Ave. near Topgolf Midtown. The Works’ vision includes distinctive retail and dining, imaginative experiences and inspired gathering areas in an interconnected environment, preserving the character of Atlanta’s historic industrial Upper Westside. The multi-phased master plan comprises 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. Phase One, which spans 27 acres, has several operating tenants, including: Fox Brother’s Bar-B-Q, Chattahoochee Food Works, Ballard Designs, Dr. Scofflaw’s Brewing, Les Mains Nail Bar, Stellar Bodies, American Axes, Bobo Intriguing Objects, Tinte Salon, Adelina Social Goods, and office tenants, Uppercut and Conisus. Additional openings are planned throughout 2022, including BRASH Kitchen, Waffle Experience, The 3rd Spot, a restaurant concept by restaurateur Dave Green, Fetch Dog Park, iHeart Media, and MacDermid.
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GID is a privately-held and vertically-integrated real estate company that develops, owns, and operates a portfolio of multifamily, industrial, and mixed-use developments. With corporate offices in Atlanta, Boston, Dallas and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60 years of experience across multiple asset classes. GID’s existing and under-development properties are valued at over $20 billion.
During its 60-year history, GID has developed, managed or acquired over 79,000 residential units and 32.2 million square feet of commercial space in twenty-four states. The current portfolio includes over 37,000 residential units, 1 million square feet of retail and office space, and 18.8 million square feet of industrial space. More information is available at www.gid.com.
About Selig Development
Selig Development, the development arm of Selig Enterprises, was co-founded by Scott Selig and Steve Baile in 2015. Selig Development began two major initiatives, 1105 West Peachtree and The Works. 1105 West Peachtree features, a 675,000 square foot, Class A office tower, 178-room Epicurean Atlanta hotel and 40 West 12th, a 64-unit luxury residential tower; The Works, an 80-acre adaptive reuse development in the heart of Atlanta’s Upper Westside features office, retail, entertainment and residential.
Having executed more than 7 million square feet of development, worth in excess of $3 billion, Selig Development focuses on high-quality office, retail, residential and mixed-use developments across the southeast with a major focus in metropolitan Atlanta.
In addition to their contribution to the Atlanta skyline, Selig Enterprises has a long history being active in civic, political, religious, and educational organizations in the community. Its leaders adhere to a Selig family motto of “you can never do wrong by doing right.” As the company continues past its 100th year of service, it will build upon its proud heritage by continuing to strive for excellence. For more information, please visit www.seligenterprises.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.