Rockefeller Group has invested in the residential portion of Selig Development’s $530 million mixed-use development in Atlanta’s Midtown neighborhood.
The terms of the deal were not disclosed.
The announced partnership, which has been planned and in discussions since 2019, joins joint venture equity already in place for the 675,000-square-foot office component of the project and $340 million in construction financing from Blackstone. The entire project — which will also feature The Epicurean Atlanta, a 178-key Marriott Autograph Collection hotel, and 25,000-square-feet of street-engaging retail — is rising simultaneously on a 3.5-acre city block. The project will open in 2021.
Priced from $800,000 to $2.2 million per unit, residences at 40 West 12th feature a variety of high-design elements centered around a hospitality-infused lifestyle, with residents enjoying exclusive access to 24-hour concierge service, an all-season resort-style pool, Epicurean Atl
