Safe and Green Development Corporation announces the expansion of its joint venture project in Edinburg, Texas, after entering into an agreement to acquire 22 additional single-family lots. These lots are an addition to the previously announced acquisition of 5 lots in the same subdivision. This strategic move marks a significant step towards the Company's goal of capitalizing on the rapid growth in and around the Rio Grande Valley.

The acquired lots are expected to be permitted and the transaction is expected to close within the next 60 days, further strengthening SG DevCo's foothold in the South Texas real estate market. With this expansion, the company is poised to deliver all homes to customers by the end of Q2 2025.

David Villarreal, Ceo of SG DevCo, expressed enthusiasm about the company's swift progress, stating, "This expansion is a testament to our unwavering dedication to propelling growth and delivering superior results. By pursuing lots that are ready for vertical construction, we aim to efficiently meet the demands of our customers while generating substantial revenue."

SG DevCo remains committed to its core values of sustainability and environmental consciousness. Each home constructed within this expansion project will continue to embody these principles, incorporating energy efficient features and sustainable building practices.

About Safe and Green Development Corporation:

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. My vonia Innovations LLC, a wholly own subsidiary, is the owner of My vonia which is an AI-powered personal assistant designed to help simplify daily tasks and improve productivity for individuals and businesses. My vonia aims to assist with managing both personal and professional tasks.

 

Source: prnewswire.com

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