Developers file permit to erect fourth high-rise at Midtown development.
The mixed-use development on 12th and Peachtree Streets in Midtown is nearing completion.
The owners of 12th & Midtown, a $1 billion mixed‐use development, filed a second permit with City of Atlanta Monday to erect the development’s fourth high‐rise tower, phase 3 of the project. Its owners filed a permit in September to develop the land the tower will stand on.
In addition to the $4,700,000.00 to develop the land, the estimated cost to erect the new Midtown tower is an additional $36,155,000.00, according to Monday’s permit.
12th & Midtown’s owners, Daniel Corporation, a real estate development, acquisition and management organization and Selig Enterprises Inc., an Atlanta‐based real estate firm, have partnered with Northwestern Mutual, to build the new upscale apartment high-rise — a 23‐story mixed‐use tower, “aptly” named 77 12th Street, according to a press release.
Northwestern Mutual is the team’s equity partner and lender for the new phase, according to the release.
77 12th Street will join 1010 Midtown, Loews Hotel and 1065 Midtown on the 12th & Midtown campus.
For more details about 77 12th Street and to see renderings, click here.
