Selig Enterprises has announced the financing of its 1105 West Peachtree project, which includes the 64-unit luxury condo tower, 40 West 12th. Sales of the condos, which range in price from $600,000 to $2.2 million, are also officially underway by Engel & Völkers Atlanta.
The $530 million three-tower, mixed-use development is under construction on a 3.5-acre city block in Midtown.
The Blackstone Group, Inc. (BX) is providing the $340 million construction loan for the three-tower mixed-use development, which features 675,000 square feet of office and the 178-room Epicurean Hotel. Cushman & Wakefield sourced the financing for the project on behalf of Selig. Mike Ryan, Richard Henry, Brian Linnihan and Blake Cohen of Cushman & Wakefield’s Atlanta office, along with Jared Kelso and Stephen Michels of Cushman & Wakefield’s Global Hospitality group, raised the debt and equity for the project.
Construction began on the project in December of 2018. Each tower will top out in 2020, starting with the 40 West 12th residences in July, the Epicurean Atlanta in August and the 1105 West Peachtree office tower in December. Project completion is scheduled for the third quarter of 2021.
For more information on the condos, visit 40west12th.com.