Webstar Technology Group Places "The Forge" Project Under Contract in Downtown Atlanta

Rhea-AI Summary

Webstar Technology Group (OTCPK: WBSR) has announced placing The Forge Atlanta project under contract through its subsidiary Forge Atlanta Asset Management, LLC, in which Webstar holds an 80% ownership stake. The development site spans 10.014 acres in Atlanta's South Downtown district, featuring the city's highest zoning classification with up to 15 million square feet of development density.

Located at Ted Turner Drive and Whitehall Street, the master-planned development will include residential units, hotel rooms, an entertainment complex, conference center, cultural center, office space, public areas, retail, and parking facilities. The project is part of Downtown Atlanta's revitalization efforts, which include over $5 billion in public and private investment.

The company plans to finance the development through institutional financing, digital asset tokenization, and a forthcoming stock offering. The project aims to create a sustainable, high-density urban district focused on smart city innovation.

Positive

• Strategic location near Interstate 20 and Garnett MARTA Station in Downtown Atlanta
• Substantial development potential with 15 million square feet of entitled density
• Part of a broader $5 billion investment zone with over 50 new projects planned
• Diversified funding strategy including institutional financing and digital asset tokenization
• 80% ownership stake in the development subsidiary provides significant control

Negative

• Potential dilution from planned stock offering
• Significant capital requirements for project development
• Development timeline and groundbreaking dates not yet determined

News Market Reaction

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ATLANTA, June 30, 2025 /PRNewswire/ -- Webstar Technology Group, Inc. (OTCPK: WBSR), a leader in visionary real estate development and digital asset innovation, is pleased to announce that it has officially placed the transformative Forge Atlanta project under contract through its subsidiary entity, Forge Atlanta Asset Management, LLC, of which Webstar owns 80%.

Located at the nexus of Ted Turner Drive and Whitehall Street, overlooking Interstate 20 and adjacent to the Garnett MARTA Station, The Forge represents one of the most ambitious and strategically positioned mixed-use developments in Atlanta's South Downtown district. This 10.014-acre site is fully entitled and zoned SPI-1 SA1, offering up to 15 million square feet of development density – the highest zoning classification available in the city.

The planned master development, designed in collaboration with Nelson Worldwide, includes:

• Residential units (mix of luxury and middle-income housing)
  
  
• Boutique and Luxury Hotel Rooms
  
  
• Entertainment Complex
  
  
• Conference Center
  
  
• Cultural Center
  
  
• Flex Space and Office Space
  
  
• Public Plaza and Greenspace
  
  
• Restaurants and Retail
  
  
• Ample Parking

Webstar's acquisition aligns with Downtown Atlanta's ongoing economic revitalization, which is being fueled by over $5 billion in public and private investment across infrastructure, housing, entertainment, and innovation corridors. According to Central Atlanta Progress¹, more than 50 new projects are underway or in planning, signaling strong demand for quality urban developments and positioning Webstar to be a major contributor to the city's transformation.

"The Forge is positioned to become a next-generation smart city hub—fusing lifestyle, innovation, and connectivity," said Ricardo Haynes, CEO of Webstar Technology Group. "Our mission is to create a sustainable, high-density urban district that sets a new benchmark for placemaking in the Southeast."

Webstar is actively pursuing a broad-based capital strategy to support the development of The Forge, including a combination of institutional financing, digital asset tokenization, and a forthcoming stock offering. The company's goal is to expand investor access while creating long-term value through innovation and smart infrastructure.

Further announcements regarding groundbreaking timelines, tenant partnerships, and funding milestones will be shared as development progresses.

About Webstar Technology Group
Webstar Technology Group is an innovative real estate development firm dedicated to transforming urban and resort landscapes through smart design, community focus, and cutting-edge technology. The Company is actively engaged in pioneering the tokenization of real estate assets to create inclusive investment opportunities while delivering high-quality, environmentally responsible developments.

Investor Contact:
Webstar Technology Group
P: (404) 994-7819
E: info@webstartechgroup.com

Media Contact:
Donald R. Keer, P.E., Esq.
Corporate Counsel
P: (254) 704-2675

Forward Looking Statements Disclaimer:  This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Webstar Technology Group Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.  Such forward-looking statements include the words "vision," "seek", "grow", "plan" and other expressions of a forward-looking nature.  More information about the potential factors that could affect the business and financial results is and will be included in Webstar Technology Group Inc.'s filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website.

¹  https://atlanta.urbanize.city/post/new-downtown-development-map-5-billion-boom-perspective# 

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SOURCE Webstar Technology Group

FAQ

What is The Forge project that Webstar Technology Group (WBSR) acquired in Atlanta?

The Forge is a 10.014-acre mixed-use development site in Atlanta's South Downtown district, featuring up to 15 million square feet of development potential, including residential units, hotels, entertainment, office space, and retail.

How much does Webstar Technology Group own of The Forge Atlanta project?

Webstar Technology Group owns 80% of Forge Atlanta Asset Management, LLC, the subsidiary entity that has placed The Forge project under contract.

How will Webstar Technology Group (WBSR) finance The Forge development?

Webstar plans to finance the development through a combination of institutional financing, digital asset tokenization, and a forthcoming stock offering.

Where is The Forge development located in Atlanta?

The Forge is located at the intersection of Ted Turner Drive and Whitehall Street, overlooking Interstate 20 and adjacent to the Garnett MARTA Station in South Downtown Atlanta.

What is the total investment in Downtown Atlanta's revitalization where The Forge is located?

The development is part of Downtown Atlanta's revitalization effort that includes over $5 billion in public and private investment across infrastructure, housing, entertainment, and innovation corridors.