Selig to transform NW Atlanta warehouses to mixed-use


A major Atlanta developer wants to turn more than three dozen buildings in northwest Atlanta, including a number of aging brick warehouses, into a mix of offices, apartments and boutique retail.

Selig Development said Friday it plans to develop an 80-acre tract near the Bellwood Quarry, west of I-75, into the Works at Chattahoochee. Selig said the 10-year development plan could one day include 500 residences, 600,000 square feet of office space, retail, restaurants and a hotel.

The company, part of Selig Enterprises, joins a wave of developers pitching plans to overhaul warehouses near Atlanta’s central business district. The Jamestown project Ponce City Market – the re-invention of a former hulking Sears warehouse and City Hall East — is the best known, but other examples include Third & Urban’s Armour Yards and Stream Realty’s Lee + White project on the new Westside Beltline trail.

The Selig project is just north of the Top Golf complex along Chattahoochee Avenue and Ellsworth Industrial Boulevard.

That section of northwest Atlanta — not quite Midtown and southwest of Buckhead — has seen a rush of new development. The city is also creating Westside Reservoir Park, which will become the city’s largest park around the Bellwood Quarry.

Selig Development President Scott Selig said the firm owns the property free of debt while it also generates rent from existing tenants, so it can redevelop the area gradually.

Selig, one of Atlanta’s oldest real estate companies, has controlled the property for more than a half century. Most of the complex is leased to textile, furniture, apparel and other light manufacturers, including many that the developers hope will remain and expand their retail spaces.

The project will launch with the conversion of a 1950s-era warehouse into a 70,000-square-foot retail space. Later phases involving residences and the hotel will consist of new construction.

Selig plans to open about 100,000 square feet of retail space in the spring.

Selig is also one of the Atlanta area’s largest landlords. In December, the firm announced plans for a three-tower project in Midtown with a 32-story office tower, residences and a luxury hotel.

Steve Baile, Selig’s chief development officer, said the firm is in negotiations with “a couple” of tenants for the office tower, and expects to announce financing and details about the hotel and residences in the coming weeks.



Reader Comments ...


Next Up in Business

Government watchdogs reject Equifax appeal on IRS contract
Government watchdogs reject Equifax appeal on IRS contract

Government watchdogs have rejected an Equifax appeal of last week’s decision by the IRS to take away a $7.25 million contract from the embattled Atlanta company. According to a report in Politico, the Government Accountability Office on Monday denied a protest filed by Equifax, which had hoped to hold on to a contract to provide help to the Internal...
Delta calls Airbus A350 its ‘new flagship aircraft’
Delta calls Airbus A350 its ‘new flagship aircraft’

Delta Air Lines’ new flagship aircraft will be its extra wide-body Airbus A350 jet, said chief operating officer Gil West. The airline will begin flying the jet Oct. 30 on its Detroit-Tokyo Narita route and also will use it to fly from Detroit to Seoul and to Beijing starting in November and in January. From Atlanta, Delta plans to ...
Kempner: Which of these startups will be a billion-dollar business?
Kempner: Which of these startups will be a billion-dollar business?

If you know anyone who’s started a business, you know being an entrepreneur trying to market something cool and new can be brutally hard. And mighty expensive. Which is why the last couple weeks have been big ones for owners of some Georgia startups. Dozens exhibited and pitched their businesses to investors or potential customers at several...
5 cheap purchases that cost you more in the long run
5 cheap purchases that cost you more in the long run

Saving money often involves finding a way to pay less for something that you want or need. But sometimes the old adage about being "penny wise, pound foolish" applies, as the cheaper way out can end up costing you. For certain purchases, spending more money up front can help you save in the long run. Trying to save a few dollars per lightbulb...
Save money, stop fraud: 4 things to watch on your credit card statement
Save money, stop fraud: 4 things to watch on your credit card statement

With credit cards, what you don't know can cost you.  Luckily, most of what you need to know is right at your fingertips − your credit card statement. Review it with a critical eye, and you'll save money, correct errors and even stop fraud.  Your transactions: Credit card companies do make errors. Review your statement every month...
More Stories