The Works is a popular new mixed-use development on the booming westside of Atlanta, replete with dining, shopping, spas, hair salons and offices, all located in a restored former industrial complex.
The only thing missing was a place for people to live. That changed last year when Selig Enterprises and GID opened Westbound at the Works. The development was named the 2024 CoStar Impact Award winner for multifamily development of the year in Atlanta, as judged by a local team of real estate professionals familiar with the market.
Many Westbound residents own businesses or have jobs at The Works. That was the intent from the beginning, according to Selig and GID, as the apartment dwellers can walk to their jobs.
The development is also significant, the venture said, because the city of Atlanta created a new zoning classification called industrial-mixed use. That allows the site's existing industrial warehouses to continue operating while also permitting developers to add retail, office and residential uses.
About the Project: Westbound at the Works is a five-story, 306-unit apartment complex located at an 80-acre mixed-use development. The surrounding westside is one of the fastest-growing areas of Atlanta for both residential and commercial developments.
What the Judges Said: "Given the scope of this project, it was a fairly big risk to bring a development such as this out of the ground in a submarket which is becoming oversaturated with apartment development," said Scott Amoson, associate field research director at CBRE. "The ability to integrate this development within its existing uses I believe helped the successful leasing here."
"The novel zoning of industrial-mixed use offers a chance for similar re-imagining of former obsolete industrial space," said Neil Matthee, research manager at Newmark. "Contributions to vehicular and pedestrian traffic is impactful, as well as the fact that several business owners at the industrial portion call the residential portion home."
They Made It Happen: Steven Selig, Steve Baile, Malloy Peterson, Adam McDowell and Matt Rendle of Selig Enterprises. GID was the co-developer, Wells Fargo was the lender, Rule Joy Trammell & Rubio was the architect and Brasfield & Gorrie was the general contractor.