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Atlanta & Southeast  |  October 28, 2019
David Cohen
By: David Cohen

Selig Development Secures Financing for $530M Midtown MXU Project

Selig Development has secured financing for 1105 West Peachtree, a $530-million multi-tower, mixed-use project in Midtown Atlanta.

Blackstone Group Inc. provided a $340-million construction loan for the three-tower project that will consist of 675,000 square feet of office space, a 64-unit condominium tower and a 178-room Epicurean Hotel. A team from Cushman & Wakefield sourced the financing for the project, on behalf of Selig.

Construction on the development began in December 2018. Each tower will top out in 2020, beginning with the condominium tower, the 40 West 12th Residences in July, followed by the Epicurean Atlanta in August and the 1105 West Peachtree office tower in December.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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