MIAMI, Jan. 6, 2025
/PRNewswire/ -- Safe and Green Development Corporation (NASDAQ:
SGD) ("SGD" or the "Company"), a real estate
development and innovation company, is announcing that its first 5
homes from the Sugar Phase 1 development are nearing completion and
have all been listed for sale. In the development of these homes,
the Company has undertaken serious consideration for the current
regional housing affordability issues and accordingly created a
value proposition for both the buyers benefit and the Company's
objectives as well in having sound and positive financial results
from the sales of these homes.
The Company is utilizing a multi-agent strategy in addition to
its in-house technology to facilitate the sale of the homes. The
Company additionally expects to leverage its partnerships for
mortgage services as well as downpayment assistance to increase the
margins on each home sold. The listings for the homes are publicly
available and can be found at the following links:
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https://www.zillow.com/homedetails/230-N-Pino-St-Weslaco-TX-78596/52760518_zpid/
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https://www.har.com/homedetail/3005-rio-red-cir-edinburg-tx-78541/16900921
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https://www.har.com/homedetail/2965-rio-red-cir-edinburg-tx-78541/16900920
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https://www.har.com/homedetail/2953-rio-red-cir-edinburg-tx-78541/16900919
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https://www.zillow.com/homedetails/2939-Rio-Red-Cir-N-Edinburg-TX-78541/443719804_zpid/
About Safe and Green Development Corporation (SG
Devco)
Safe and Green Development Corporation is a real estate
development company. Formed in 2021, it focuses on the development
of sites using purpose-built, prefabricated modules built from both
wood and steel. The thesis of development is to build strong,
innovative and green, single or multifamily projects across all
income and asset classes. Additionally, a majority owned subsidiary
of SG DevCo, Majestic World Holdings LLC, is a prop-tech
company that has created a real estate AI Platform. The Platform
aims to decentralize the real estate marketplace, creating an
all-in-one solution that brings banks, institutions, home builders,
clients, agents, vendors, gig workers, and insurers into a
seamlessly integrated and structured AI-driven environment. MyVONIA
Innovations LLC, a wholly own subsidiary, is the owner of MyVONIA
which is an AI-powered personal assistant designed to help simplify
daily tasks and improve productivity for individuals and
businesses. MyVONIA aims to assist with managing both personal and
professional tasks.
Safe Harbor Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 as amended
and Section 21E of the Securities Exchange Act of 1934 as amended.
All statements other than statements of historical fact are or may
be deemed to be forward-looking statements. In some cases
forward-looking statements can be identified by terminology such as
"may," "should," "potential," "continue," "expects," "anticipates,"
"intends," "plans," "believes," "estimates" and similar expressions
and include statements regarding the Company's homes from the Sugar
Phase 1 development nearing completion, leveraging partnerships for
mortgage services as well as downpayment assistance to increase the
margins on each home sold, and creating an all-in-one solution that
brings banks, institutions, home builders, clients, agents,
vendors, gig workers, and insurers into a seamlessly integrated and
structured AI-driven environment.
These forward-looking statements are based on certain
assumptions and analyses made by us in light of our experience and
our perception of historical trends, current conditions, and
expected future developments, as well as other factors we believe
are appropriate in the circumstances. Important factors that could
cause actual results to differ materially from current expectations
include, among others, the Company's ability to deliver and sell
finished homes for the Sugar Phase development as planned, the
Company's ability to increase the margins on each home sold by
leveraging its partnerships for mortgage services as well as
downpayment assistance, the Company's ability to create an
all-in-one solution that brings banks, institutions, home builders,
clients, agents, vendors, gig workers, and insurers into a
seamlessly integrated and structured AI-driven environment, the
Company's ability to obtain the capital necessary to fund its
activities, the Company's ability to monetize its real estate
holdings, and other factors discussed in the Company's Annual
Report on Form 10-K for the year ended December 31, 2023, and its subsequent filings
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. All forward-looking statements are qualified in their
entirety by this cautionary statement, and the Company undertakes
no obligation to revise or update this press release to reflect
events or circumstances after the date hereof.
For investor relations and media inquiries, please
contact:
Barwicki Investor Relations
Andrew@Barwicki.com
516-662-9461
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SOURCE Safe and Green Development Corporation