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German Investor Newport Pulls the Plug on $800 Million Downtown Atlanta Project

Newport Agrees To Sell South Downtown Portfolio to Braden Fellman Group
Hotel Row is one of the historic properties in downtown Atlanta that Newport RE acquired for its South Downtown project. (CoStar)
Hotel Row is one of the historic properties in downtown Atlanta that Newport RE acquired for its South Downtown project. (CoStar)
CoStar News
July 27, 2023 | 10:22 P.M.

A German investment fund has ended its $800 million plan to remake a neglected neighborhood in downtown Atlanta into a bustling village of apartments, shops and restaurants.

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News | German Investor Newport Pulls the Plug on $800 Million Downtown Atlanta Project