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.

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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.

DOVER AIR FORCE BASE, Del. (AP) — President Donald Trump on Wednesday will undertake one of the most solemn duties facing the commander in chief when he witnesses the dignified transfer of two Iowa National Guard members and a U.S. civilian interpreter who were killed in an attack in the Syrian desert.

The solemn ritual at Dover Air Force Base in Delaware honors U.S. service members killed in action. Trump, who traveled to Dover several times in his first term, once described it as “the toughest thing I have to do” as president.

The two guardsmen killed in Syria on Saturday were Sgt. Edgar Brian Torres-Tovar, 25, of Des Moines, and Sgt. William Nathaniel Howard, 29, of Marshalltown, according to the U.S. Army. Both were members of the 1st Squadron, 113th Cavalry Regiment, and have been hailed as heroes by the Iowa National Guard.

Torres-Tovar's and Howard’s families were at Dover for the return of their remains, alongside Iowa Gov. Kim Reynolds and leaders of the Iowa National Guard. Their remains will be taken to Iowa after the transfer.

A U.S. civilian working as an interpreter, identified Tuesday as Ayad Mansoor Sakat, of Macomb, Michigan, was also killed. Three other members of the Iowa National Guard were injured in the attack. The Pentagon has not identified them.

They were among hundreds of U.S. troops deployed in eastern Syria as part of a coalition fighting the Islamic State group.

Trump arrived without first lady Melania Trump, who had been scheduled to join him, according to the president's public schedule. Her office declined to elaborate, with spokesperson Nick Clemens saying the first lady "was not able to attend today.”

During the process at Dover, transfer cases draped with the American flag that hold the soldiers' remains are carried from the belly of a hulking C-17 military aircraft to a waiting vehicle under the watchful eyes of grieving family members. The vehicle then transports the remains to the mortuary facility at the base, where the fallen are prepared for burial at their final resting places.

Howard's stepfather, Jeffrey Bunn, has said Howard “loved what he was doing and would be the first in and last out.” He said Howard had wanted to be a soldier since he was a boy.

In a social media post, Bunn, who is chief of the Tama, Iowa, police department, said Howard was a loving husband and an “amazing man of faith.” He said Howard’s brother, a staff sergeant in the Iowa National Guard, would escort “Nate” back to Iowa.

Torres-Tovar was remembered as a “very positive” family-oriented person who always put others first, according to fellow Guard members who were deployed with him and issued a statement to the local TV broadcast station WOI.

Dina Qiryaqoz, the daughter of the civilian interpreter who was killed, said Wednesday in a statement that her father worked for the U.S. Army during the invasion of Iraq from 2003 to 2007. Sakat is survived by his wife and four adult children.

The interpreter was from Bakhdida, Iraq, a small Catholic village southeast of Mosul, and the family immigrated to the U.S. in 2007 on a special visa, Qiryaqoz said. At the time of his death, Sakat was employed as an independent contractor for Virginia-based Valiant Integrated Services.

Sakat's family was still struggling to believe that he is gone. “He was a devoted father and husband, a courageous interpreter and a man who believed deeply in the mission he served,” Qiryaqoz said.

Trump told reporters over the weekend that he was mourning the deaths. He vowed retaliation. The most recent instance of U.S. service members killed in action was in January 2024, when three American troops died in a drone attack in Jordan.

Saturday's deadly attack followed a rapprochement between the U.S. and Syria, bringing the former pariah state into a U.S.-led coalition fighting the Islamic State group.

Trump has forged a relationship with interim Syrian President Ahmed al-Sharaa, the onetime leader of an Islamic insurgent group who led the ouster of former President Bashar Assad.

Trump, who met with al-Sharaa last month at the White House, said Monday that the attack had nothing to do with the Syrian leader, who Trump said was “devastated by what happened.”

During his first term, Trump visited Dover in 2017 to honor a U.S. Navy SEAL killed during a raid in Yemen, in 2019 for two Army officers whose helicopter crashed in Afghanistan, and in 2020 for two Army soldiers killed in Afghanistan when a person dressed in an Afghan army uniform opened fire.

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Associated Press writers Konstantin Toropin and Darlene Superville in Washington, Isabella Volmert in Lansing, Michigan, and Hannah Fingerhut in Des Moines, Iowa, contributed to this report.

President Donald Trump talks to reporters as he departs from the South Lawn of the White House, Saturday, Dec. 13, 2025, in Washington, en route to Baltimore to attend the Army-Navy football game. (AP Photo/Jose Luis Magana)

This undated combo photo created with images released by the Iowa National Guard shows Sgts. William Nathaniel Howard, left, and Edgar Brian Torres-Tovar. (Iowa National Guard via AP)