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Selig Development, GID Create Partnership for Multifamily at Atlanta’s The Works
Selig Development, the development arm of Selig Enterprises, and GID have formed a joint venture partnership for the multifamily community at The Works, Selig’s 80-acre adaptive reuse development on Atlanta’s Upper Westside. Completion of the 306-unit project is 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.
The multifamily 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 residences will be located at the front door of the development along Chattahoochee Avenue and adjacent to The Camp, a 1-acre greenspace.
- ◦Development
- ◦Financing
