December 2, 2019 Comments (0) Views: 406 Atlanta, Atlanta News, Top Atlanta

Selig Enterprises Secures Refinancing for $530M Midtown MXU Development

Atlanta-based developer Selig Enterprises has secured a loan to capitalize 1105 West Peachtree, a $530 million mixed-use development in Midtown Atlanta. The development is one of the largest privately-capitalized developments in the history of Atlanta.

Blackstone is providing an approximately $340 million construction loan for the project. In addition, the equity partner for the 665,000-square-foot office portion of the project is a pension fund advised by L&B Advisors. 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.

The project will also include The Epicurean Atlanta, Midtown Atlanta’s first new boutique full-service hotel in over a decade. Delivery for the project is slated for the third quarter of 2021.

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