Atlanta Development Authority Okays $223.7M Bond for Downtown Venture
Develop Fulton’s board of directors approved a $223.7 million bond inducement for a 10-acre site in Downtown Atlanta. The Atlanta Business Chronicle reports that the developer, Webstar Technology Group, has to display more progress before the bond will be issued. Webstar will get $9.7 million in tax savings over 10 years should it move forward.
The development site is located south of Mercedes-Benz Stadium along Whitehall Street near Castleberry Hill.
The project, Forge Atlanta, is expected to cost approximately $756 million. Phase one would include 300 hotel rooms; 60,500 square feet of retail and entertainment space; and related amenities. Residential condominiums and an unspecified amount of office space are also part of the plan.
The developer plans to build approximately 600 condo units during the first phase.
15 million square feet is available for possible development.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout