Sidney Newburger, President and Chief Executive Officer of Newburger-Andes Real Estate Investments had been in the commercial real estate field for over 40 years.
Sid had a hand in many profitable real estate deals over the years, most notably Underground Atlanta ,Midtown Apartment Properties, and our present Syndication and Real Estate Investment Company, Newburger-Andes & Co., owner of over 122 Commercial investment properties, including Retail, Warehouse and Offices.
On April 8, 1969, "Underground Atlanta" officially opened with new restaurants, bars, nightclubs and music venues installed in the old individual storefronts.
Among the more popular spots in Underground Atlanta were Dante's Down the Hatch, Scarlet O'Hara, The Blarney Stone, The Rustler's Den, The Front Page, The Bank Note and Mulenbrink's Saloon, where Atlanta's Piano Red, under the name Dr. Feelgood and the Interns, played from 1969 to 1979. Other attractions included a souvenir shop owned by governor Lester Maddox and a wax museum. With the old-style architecture lending considerable charm to the district, Underground Atlanta was compared to Bourbon Street in New Orleans. By 1972, its most profitable year, Underground had 3.5 million visitors and $17 million in sales.
We at Newburger-Andes will miss him terribly, but we know he will be watching over us as we stay the path and keep growing. We love you, Sid.