News Place is a historic renovation of existing buildings in the Savannah Historic District, together with new construction. The project involved public-private collaboration in building the largest underground parking structure in the Historic District. The parking accommodated the News Place development, as well as the existing City Market District and Riverfront District. The new parking structure also enabled the City of Savannah to reclaim one of the original four public squares provided for in the "Oglethorpe Plan".

The project will have 44 residential condominiums ranging in price from $500,000 to $1,500,000. There will be approximately 40,000 square feet of retail shops and restaurants, and a high-end suites hotel offering 150 rooms which will occupy part of the project. A new office building offering state-of-the-art design and technical support will be adjacent to the hotel.

The project is scheduled for completion September, 2007.