Selig’s newest Midtown development—a 51-story tower at 1125 Peachtree Street NE—is moving forward, the Atlanta Business Chronicle (ABC) Monday first reported.
Plans for the tower, set to be anchored by a 271-key “luxury” hotel, were recently submitted to the City of Atlanta, according to the ABC.
1125 Peachtree will also house 70 condos, 200,000 square feet of office space, and 6,000 square feet of ground-level retail, according to the plans.
What Now Atlanta (WNA) Tuesday obtained a low-quality rendering of the tower from a real estate insider which displays what appears to be The Ritz-Carlton logo at the top.
It’s possible that this rendering is one of several used by the developer to pitch various hotel operators.
“We have been in talks with several hotel partners for this new project,” a Selig spokesperson Tuesday told WNA in an email.
“This includes Marriott International (for brands like JW Marriott and Ritz-Carlton) as well as Hilton Worldwide and Hyatt Corporation. We want to find the best fit for the Midtown market and to-date we are still in talks.”
Atlanta has one less location of the The Ritz-Carlton following a reflagging of the Buckhead outpost into The Whitley late-2017.
Rumors earlier this year suggested the hotel would build a new location from the ground up at the now-shuttered Houston’s site.
“The Ritz-Carlton is always looking towards the future and for the right opportunities with the right owner partners, but cannot confirm any new developments at this time,” a spokesperson in an email told WNA Wednesday.
“This goes for Peachtree Street project you reference below. The Ritz-Carlton remains committed to the vibrant Atlanta metro area market with The Ritz-Carlton, Atlanta and The Ritz- Carlton Reynolds, Lake Oconee.”
Click here to read the ABC’s report in its entirety (paywall).
Developing…
