BUSINESS BRIEFS
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▲Mark Toro, who led the turnaround of Atlantic Station, is launching Toro Development Company, a venture aimed at acquiring defunct sites such as dead malls, office parks, shopping centers, and industrial sites and transforming them into their highest and best use. Private equity investors Four Stones Real Estate and Lubert-Adler are providing capital for the venture. A team of development veterans joins Toro to launch the new venture: John Kelley, Richard Munger and Vicky Boyce, who have played key roles in redevelopment projects including Avalon, Atlantic Station, Colony Square and Edge on the Beltline. Toro is retiring from his role as Chairman of the Board at NAP Atlanta (NAPA) to focus on his new company. For more information, visit torodevco.com.
▲The Allen Morris Company has announced that UK-based darts club, restaurant and cocktail bar Fight Club will open in the Star Metals development in West Midtown early next year. Flight Club is home to “Social Darts,” which uses state-of-the-art technology that enables automatic scoring, multi-player games for groups from 6 people up to 400+. Emory University has been recognized as the largest employer in metro Atlanta for the third consecutive year by the Atlanta Business Chronicle. The publication reports Emory has 32,594 full-time employees in the metro Atlanta region as of Dec. 31, 2020. Altogether, Emory directly and indirectly supports more than 92,000 jobs statewide. Waystar, a provider of healthcare payment software, has acquired similar Atlanta-based Patientco. Waystar processes medical claims for around 40 percent of the country, while Patientco is consumer-focused payment technology company that helps patients understand their health-care costs upfront.
16 SEPTEMBER 2021 |
At l a n t a I n t o w n Pa p e r. c o m
