New JV Targets Midtown Project's Second Phase

ATLANTA-Daniel Corp. and Selig Enterprises have created a joint venture with MetLife to pursue the development of the second phase of the 12th and Midtown project. The newest phase is expected to break ground in July.

“We believe the real estate fundamentals are strong in Midtown Atlanta and there will be enthusiastic demand for this project in the marketplace,” says MetLife head of real estate investments Robert Merck. “Our alliance with Daniel and Selig fits nicely into our strategy to expand our development efforts across all property types and in major global markets.”

12th & Midtown is a 2.5-million-sf mixed use development that will create more than 1.2 million sf of class A office space, over 500 hotel rooms, more than 600 residences and more than 150,000 sf of retail space. Construction on the first phase of the project, 1010 Midtown, is under way. The project is a joint venture between Daniel, Selig and Canyon-Johnson Urban Fund, and includes a 35-story tower with 443 residences and up to 50,000 sf of retail space.