We experimentally demonstrate a novel scheme to simultaneously confine two atomic species of (87)Rb and (133)Cs with adjustable spatial separation by a controllable double-well magneto-optic trap. Using a single-loop wire and a magnetic bias field, the two clouds, each containing more than 1 x 10(6) atoms, are spatially separated above and below the wire center of the double-well MOT. The cloud interdistance can be controlled by independently varying the wire current and external bias field. This allows to load the double-well magnetic trap, and to study the dynamics of cold collisions between two-species atoms.