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**Atlanta Development Authority Approves $223.7M Bond for Downtown Project**
Develop Fulton’s board of directors has approved a $223.7 million bond inducement for a major redevelopment initiative in Downtown Atlanta. The project—led by Webstar Technology Group—targets a 10-acre site located just south of Mercedes-Benz Stadium along Whitehall Street near the Castleberry Hill neighborhood.
While the bond inducement has been greenlit, Webstar Technology Group must demonstrate additional project milestones before the bond is officially issued. If the development moves forward, the firm is set to receive $9.7 million in tax savings over a 10-year period.
The redevelopment, dubbed “Forge Atlanta,” is estimated to cost approximately $756 million. The first phase of construction will include 300 hotel rooms, 60,500 square feet of retail and entertainment space, and associated amenities. Plans also call for approximately 600 residential condominium units and an unspecified amount of office space.
In total, the site has the capacity for 15 million square feet of potential future development, indicating this project could significantly reshape the southern edge of Downtown Atlanta in the years to come.
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