Webstar Technology Group Closes on Downtown 10‑Acre Site, Launching Forge Atlanta - The City’s Largest Mixed‑Use Development

ATLANTA--(BUSINESS WIRE)--Dec 17, 2025--

Webstar 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251217781509/en/

Transformative Downtown Atlanta Mixed‑Use District

Approved 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.

Independent analyses commissioned by the Development Authority of Fulton County project Phase I will support an estimated 2,100 construction jobs and 900 permanent jobs [1]. For the project as a whole, Ernst & Young modeling cites that the multi‑phase development is expected to create 3,000 jobs and generate an economic impact of approximately $7.37 billion, with annual tax revenue increasing from roughly $14,585 to $1.8 million and $25 million in total tax revenue during the initial abatement period [2]. These projections illustrate the scale of investment and the benefits to Atlanta and Fulton County residents.

The 10‑acre site sits next to the Garnett MARTA rail station and within walking distance of Mercedes‑Benz Stadium, State Farm Arena, and the larger Downtown Atlanta district. Its proximity to multiple interstate highways and public transit lines will make Forge Atlanta accessible to residents, workers, and visitors while reducing reliance on automobiles.

Traditional Financing, Transparency & Innovative Capital Strategy

Phase I will be financed through conventional means: a proposed $223.7 million inducement approved by the Development Authority of Fulton County, institutional loans and equity, and bond issuance. Webstar’s status as a publicly traded company allows it to access regulated capital markets, and all material financings will be disclosed via Form 8‑K filings and investor‑relations communications. Early condominium pre‑sales will provide additional capital while giving Atlantans the first opportunity to own homes in a major downtown district.

In addition to conventional financing, the development team plans to introduce an optional digital-asset component that allows more people to participate in the project’s future income through a regulated token program on the independent Torch RWA platform. When token sales occur, a portion of the proceeds is expected to support a managed investment fund that helps keep HOA fees lower for future condo owners.

This feature is designed with full compliance in mind, including identity verification and U.S. securities requirements. It does not replace traditional financing, but rather adds a new, carefully structured opportunity for qualified participants. A core principle behind this work is credibility and compliance. As a fully reporting public company, Webstar adheres to SEC and FINRA standards. Those same safeguards will extend to any future digital-asset offerings. This compliance-first approach is central to Webstar’s effort to bring greater transparency and legitimacy to real-world asset tokenization and to set a higher standard in an industry often challenged by misinformation and fraud.

Forge Atlanta Development Team & Partners

The project is led by Webstar Technology Group and its subsidiary Forge Atlanta Asset Management, which together own 90 percent of the development entity. Turner & Townsend will provide development management; Skanska has participated in preliminary discussions and pre-construction planning as a potential general contractor, subject to the negotiation and execution of definitive agreements; Skyline Engineering will provide in‑house oversight and quality control, with Kimley-Horn serving as the project’s lead engineering firm; and Nelson Worldwide — the architect behind The Battery Atlanta and Buckhead’s St. Regis Hotel — will lead design. Notably, one principal of the development team is a Mechanicsville native and sits on the neighborhood board, underscoring the project’s local ties.

Webstar Technology Group CEO Ricardo Haynes

“Closing on the land for Forge Atlanta marks a major milestone in our vision to transform an under‑utilized industrial block into a vibrant, mixed‑use district. By integrating traditional real estate financing with compliant blockchain technology, we are opening the door for residents, investors, and communities to participate in Atlanta’s growth. We are grateful for the support of Fulton County and our best‑in‑class partners and look forward to delivering thousands of jobs, new homes, and public spaces for Downtown Atlanta.”

Nelson Worldwide- Carrie Gibson, Director (Urban Planner, Mixed-Use)

“We’re honored to bring our mixed-use expertise to Forge Atlanta and to support the continued growth of Downtown Atlanta. Our client envisions combining luxurious multi-family living with high-end hotel, retail, restaurant, and entertainment space while incorporating the historic character of the South Downtown Atlanta neighborhood and the surrounding area. Projects like this embody the kind of connected, experience-rich destinations our team is passionate about creating, and we’re excited to help shape Downtown Atlanta’s next chapter.”

Turner & Townsend- Drew Knight, Senior Project Manager

“After working with Forge Atlanta Asset Management over the last several months on the feasibility and due diligence, we’re excited to be a part of the team and ready to help deliver this amazing development as Forge Atlanta’s project management company.”

Kimley-Horn- Kate Triplett, Vice President

“Kimley-Horn is proud to support Forge Atlanta and apply our engineering expertise to a project that will help redefine the future of Downtown Atlanta. This development represents a significant investment in the community, bringing new opportunities for residents, visitors, and local businesses. We look forward to collaborating closely with the full development team to deliver an infrastructure foundation that supports both the scale and long-term vision of this transformative project.”

Attorney Ceasar Mitchell, Partner, Dentons, and Local Counsel for Forge Atlanta

“Land control is critical to propelling a development project’s success. Forge Atlanta’s acquisition of the development site exemplifies the project’s growing momentum. For innovative projects such as this, securing land ownership encourages public-sector engagement and sets the stage for meaningful, lasting community partnerships. This important milestone portends very positive traction for the development.”

Forge Atlanta’s 2026 Launch & Community Outlook

With the land now secured, the development team will finalize financing arrangements and move into an active launch and construction phase in 2026. Over the course of 2026, approximately 600 luxury condominiums in Phase I are expected to enter pre-sales, giving Atlantans a rare opportunity to own homes in a major downtown mixed-use district. A ceremonial groundbreaking is projected for mid-2026, when city officials, neighborhood leaders, and project partners will join the development team to mark the start of vertical construction.

Throughout 2026 and beyond, the Forge Atlanta team will host community meetings, workforce development programs, and cultural events to ensure Mechanicsville, Castleberry Hill, and surrounding neighborhoods play a meaningful role in shaping the district’s future. Subsequent phases of the project are planned to introduce affordable housing and additional public spaces, extending the development's benefits and further integrating Forge Atlanta into the fabric of Atlanta’s downtown.

For more information, please visit www.WebstarTechGroupInc.com.

Data Sources (available on theForge Atlanta website)

[1] Phase 1 program details and job‑creation estimates are based on analyses commissioned by the Development Authority of Fulton County.

[2] Full project economic impact and tax‑revenue projections are derived from Ernst & Young modeling and the Development Authority of Fulton County’s economic impact study.

AboutWebstar Technology Group, Inc.

Webstar Technology Group, Inc. (OTCPK: WBSR) is a fully reporting public company committed to modernizing real-estate development through transparent, compliance-driven financial structures. The company brings together experienced teams in development, structured finance, and emerging technologies to deliver large-scale projects with long-term economic and community value. Webstar adheres to all SEC and FINRA requirements and applies the same compliance standards to its innovation initiatives, setting a higher bar for credibility across the real-estate and digital-asset landscape.

About Forge Atlanta Asset Management

Forge Atlanta Asset Management is the development entity leading Forge Atlanta, 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. Forge Atlanta Asset Management is committed to transparent, diversified financing approaches, including traditional real-estate funding and regulated real-world-asset tokenization, to broaden participation while maintaining rigorous compliance and community engagement.

Forward‑Looking Statements

This press release contains forward‑looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect current expectations regarding future events and performance, including projected economic impacts, anticipated construction schedules, financing plans, and token offerings. Actual results may differ materially from those expressed or implied due to risks and uncertainties, including changes in economic conditions, regulatory approvals, construction timelines, capital‑market dynamics, and the adoption of blockchain technologies. Webstar Technology Group and Forge Atlanta Asset Management undertake no obligation to update any forward‑looking statements, except as required by law.

Forge 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.

WASHINGTON (AP) — The funding lapse for the Department of Homeland Security will likely stretch into next week as the House contemplates passing a Senate plan it had previously rejected to fund the bulk of the agency, but not its immigration enforcement operations.

There was no resolution Thursday to the standoff, now in its 48th day, after both chambers met for just a few minutes in pro forma sessions. Nonetheless, the Republican leadership and President Donald Trump have coalesced around a plan to fully fund DHS as part of a two-step process. The agreement puts the congressional leaders on the same page for ending the impasse after they had pursued separate paths that resulted in Congress leaving Washington last week for its spring recess without a fix.

During the brief sessions, Senate Majority Leader John Thune, R-S.D., put aside the House plan to fund the entire department for 60 days. Then the House met briefly without taking up the bipartisan Senate plan that had been worked out with Democrats, though Thune is looking toward eventual passage.

“I don’t know the particulars around what the House will do with it,” Thune told reporters. “My assumption is, at some point, hopefully, they’ll move it.”

Speaker Mike Johnson, R-La., and Thune, announced Wednesday that they would return to the Senate measure, which funds most of DHS with the exception of U.S. Immigration and Customs Enforcement and U.S. Border Patrol. Republicans will try later to fund those agencies through party-line spending legislation that could take months to finish.

Neither outcome is guaranteed, and the strategy could potentially still face opposition from the GOP’s own ranks even though Trump has given his support.

Johnson’s embrace of the two-track plan marks a sharp reversal from less than a week ago, when he derided it as a “joke” and said he was “quite convinced that it can’t be that every Senate Republican read the language of this bill.”

He now appears to be on board. But securing support from his own conference could prove more difficult after a sizable group of House Republicans blasted the Senate-passed bill last week.

House Republicans were expected to hold a conference call later Thursday to discuss the next steps.

Thune pointed to a “number of conversations” when he was asked how the Republican leadership and Trump aligned to move ahead after their apparent divisions a week earlier.

“The thing that some people want to do, we can’t do,” said Thune. “And so you have to figure out what’s in the realm of the possible. And you have to just continue to define reality for people.”

Democrats in both chambers were aligned last week with the Senate funding plan passed with bipartisan support. Senate Democratic leader Chuck Schumer of New York on Wednesday blamed Republicans for not acting more quickly.

“Republican divisions derailed a bipartisan agreement, making American families pay the price for their dysfunction,” Schumer said.

Even with the progress, the most conservative lawmakers are likely to seek full funding for all of Trump’s immigration and deportation operations.

“Let’s make this simple: caving to Democrats and not paying CBP and ICE is agreeing to defund Law Enforcement and leaving our borders wide open again,” Rep. Scott Perry, R-Pa., posted on X. “If that’s the vote, I’m a NO.”

Meanwhile, the budget package that Trump wants prepared for later this year is expected to fund ICE and Border Patrol through the remainder of Trump’s term, as a way to try to ensure those agencies are no longer at risk from Democrats objecting to his immigration enforcement agenda. Trump said he wants that legislation on his desk by June 1.

Thune acknowledged the potential hurdles to that route, such as efforts to expand the scope of the bill. He said the goal is to keep it “as narrow and focused as possible” to speed passage.

“We need to kind of move with haste,” he said. “It’s probably not a likely magnet for all these other issues.”

The vast majority of DHS employees have reported to work during the shutdown, but many thousands have gone without pay. As more Transportation Security Administration agents called out from work, there was increasing frustration for air travelers confronted by long waits at some airport security lines. Those bottlenecks appeared to be clearing this week as agents began receiving backpay after Trump signed an executive order.

AP Congressional Correspondent Lisa Mascaro contributed to this report.

Senate Majority Leader John Thune, R-S.D., speaks to reporters outside the chamber after passing a measure by unanimous consent that would fund most of the Department of Homeland Security, if the House agrees, at the Capitol in Washington, Thursday, April 2, 2026. (AP Photo/J. Scott Applewhite)

Senate Majority Leader John Thune, R-S.D., gestures as he speaks to reporters outside the chamber after passing a a measure by unanimous consent that would fund most of the Department of Homeland Security if the House agrees, at the Capitol in Washington, Thursday, April 2, 2026. (AP Photo/J. Scott Applewhite)

Sen. Majority Leader John Thune, R-S.D., speaks during a news conference after a policy luncheon on Capitol Hill,Tuesday, March 24, 2026, in Washington. (AP Photo/Mariam Zuhaib)

Sen. Majority Leader John Thune, R-S.D., speaks during a news conference after a policy luncheon on Capitol Hill, Tuesday, March 24, 2026, in Washington. (AP Photo/Mariam Zuhaib)

Speaker of the House Mike Johnson, R-La., speaks during a news conference on Capitol Hill, Friday, March 27, 2026, in Washington. (AP Photo/Mariam Zuhaib)