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Webstar Technology Group Closes on Downtown 10-Acre Site, Launching Forge Atlanta - The City’s Largest Mixed-Use Development
Webstar Technology Group Closes on Downtown 10-Acre Site, Launching Forge Atlanta - The City’s Largest Mixed-Use Development.
About this update from Webstar Technology Group Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Webstar Technology Group Closes on Downtown 10‑Acre Site, Launching Forge Atlanta - The City’s Largest Mixed‑Use Development\r\n \r\n \r\n\r\n\r\nWebstar Technology Group Closes on Downtown 10‑Acre Site, Launching Forge Atlanta - The City’s Largest Mixed‑Use Development\r\n\r\n\r\n\r\n\r\n\r\n\r\nPhase I will deliver a 300‑room hotel, 600 luxury condominiums, and approximately 60,500 sq ft of retail and entertainment space; the multi-phase project is expected to create around 3,000 jobs and generate a $7.37 billion economic impact\r\n\r\n ATLANTA--(BUSINESS WIRE)--\r\n\r\nWebstar Technology Group, Inc. (OTCPK: WBSR) and its development subsidiary, Forge Atlanta Asset Management, announce the closing of a 10‑acre parcel at Ted Turner Drive SW and Whitehall Street SW in downtown Atlanta, marking the official launch of Forge Atlanta, a multi‑phase mixed‑use district set to transform an under‑utilized industrial block adjacent to the Garnett MARTA station and Interstates 20/75/85. The property will be transformed into a high‑density district for Downtown Atlanta, combining hospitality, residential ownership, retail, entertainment, and public spaces.\r\n\r\n This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251217781509/en/\r\n https://mms.businesswire.com/media/20251217781509/en/2673408/4/Forge_Atlanta.jpgForge Atlanta is a transformative multi-phase mixed-use district planned for the southern edge of downtown Atlanta. Focused on creating a connected, livable neighborhood, the company integrates hospitality, residential ownership, retail, entertainment, and public space in a single high-density district.\r\n \r\n \r\nTransformative Downtown Atlanta Mixed‑Use District\r\n\r\n \r\nApproved plans for Phase I call for a 300‑room hotel with meeting and event space, approximately 600 luxury condominiums, and about 60,500 sq ft of retail and entertainment space. The condominium portion, valued at roughly $532 million, will be subject to standard tax assessments. Future phases may add additional residential towers, offices, public plazas, cultural venues, and more entertainment options.\r\n\r\n \r\nIndependent analyses commissioned by the Development Authority of Fult...