#United States #Atlanta #Atlanta Project #Webstar Technology #The Forge

Webstar Technology Group Announces Major Project in Atlanta

Webstar Technology Group, Inc. (OTCPK: WBSR), renowned for its visionary insights in real estate and digital assets, recently confirmed the contractual agreement for The Forge, a highly anticipated development in downtown Atlanta. The project is spearheaded through its subsidiary, Forge Atlanta Asset Management, LLC, in which Webstar holds an 80% stake.

Details of The Forge Project

Strategically situated at the intersection of Ted Turner Drive and Whitehall Street, The Forge spans an impressive 10.014 acres right near Interstate 20 and adjacent to the Garnett MARTA station. With fully approved entitlements and zoned SPI-1 SA1, the site holds the potential for a whopping 15 million square feet of development density, indicating that this is no average project.

Designed collaboratively with Nelson Worldwide, The Forge aims to serve as a mixed-use hub featuring:

• - A diverse mix of residential units catering to both luxury and middle-income families.
• - Boutique and luxury accommodations.
• - A comprehensive entertainment complex and a contemporary conference center.
• - Spaces for cultural engagement and a public plaza for community gatherings.
• - Ample office space for businesses, alongside vibrant restaurant and retail options, guaranteeing that all needs would be met within this urban atmosphere.

Economic Backdrop and Vision

Webstar's engagement with this project comes at a pivotal moment for downtown Atlanta's economic environment, with over $5 billion being invested in public and private resources for infrastructure and urban improvements. The Central Atlanta Progress has noted more than 50 ongoing projects, indicating a robust demand for premium urban development.

As CEO Ricardo Haynes expressed, "The Forge is poised to become a groundbreaking smart city hub, blending lifestyle with innovation and unity for residents and visitors alike." Webstar's aspiration is to cultivate a high-density district that not only contributes to Atlanta's urban landscape but also raises the standard for modern city planning in the Southeastern U.S.

Financing and Future Plans

To back the ambitious goals of The Forge project, Webstar is implementing a multifaceted financial approach that encompasses institutional financing avenues, blockchain-based digital asset tokenization, and a forthcoming stock offering. This dual focus on securing investment while enhancing accessibility aims to foster unparalleled long-term value through inventive and sustainable infrastructure.

The Webstar team has confirmed that updates regarding the progress of groundbreaking timelines, partnerships with tenants, and critical funding milestones will be communicated to stakeholders as developments unfold.

About Webstar Technology Group

Webstar Technology Group has positioned itself as a trailblazer in real estate development, committed to redefining urban living through intelligent designs and community-centric principles. The firm actively promotes the tokenization of real estate assets, aiming to create inclusivity in investment opportunities while delivering high-quality, environmentally-conscious developments.

For media inquiries, please reach out to Donald R. Keer, P.E., Esq., Corporate Counsel at Webstar Technology Group, via phone at (254) 704-2675.

Disclaimer: This article may encompass forward-looking statements subject to a variety of uncertainties. Investors should consider this information in the context of ongoing developments and institutional disclosures from Webstar Technology Group.