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Safe and Green Development Corporation Outlines Joint Venture Timeline

Safe and Green Development Corporation (NASDAQ: SGD), based in Miami, is making strides in the real estate sector with its ambitious plans for upcoming joint venture developments in Southern Texas. The company's commitment to creating sustainable and innovative housing solutions is evident in the detailed timeline they have announced for the completion of their projects.

Project Overview

The company is poised to complete the construction of 35 homes in the Sugar Developments by the end of 2025. This project is part of a broader strategy that involves multiple phases of development across several sites, including additional joint ventures in Oklahoma and Georgia. The anticipated completion dates for these developments reveal an ambitious roadmap for SGD.

Timeline Breakdown

2025 Targets

• - Sugar Developments: All 35 homes are expected to be finished within the year.
• - Hacienda Olivia Phase II: The first quarter will see the completion of sitework for 57 lots, with the subsequent construction of the initial 20 homes planned for the remainder of the year. The goal is to have approximately 55 homes delivered in 2025.
• - Hacienda Olivia Phase IV: Construction will begin with sitework for 113 lots, aiming for completion by early 2026.

2026 Goals

• - The remaining 37 homes from Hacienda Olivia Phase II will be completed, alongside 35 homes from Hacienda Olivia Phase IV. The collective target for deliveries in 2026 is around 72 homes. Sitework for Hacienda Olivia Phase III, which encompasses 77 lots, is set to kick off in Q1 2026.

2027 Forecast

• - In 2027, work will conclude on the final 78 homes from Hacienda Olivia Phase IV, while 22 homes from Hacienda Olivia Phase III are expected to be delivered. A total of 100 homes is the target for that year, reinforcing SGD's dedication to providing quality housing solutions.

About SGD

Founded in 2021, Safe and Green Development Corporation is dedicated to the innovative construction of residential projects through the use of prefabricated modules. The company focuses on sustainability by integrating green technologies into its developments, which are designed to cater to all income brackets.

Additionally, Majestic World Holdings LLC, a subsidiary of SGD, has developed a prop-tech platform that leverages artificial intelligence to decentralize the real estate marketplace. This initiative aims to streamline transactions by bringing together various stakeholders, namely banks, builders, clients, agents, and insurers, into a seamless digital environment.

Conclusion

The ambitious timeline laid out by Safe and Green Development Corporation reflects the company’s confidence in its project execution and its commitment to addressing housing demands in Texas and beyond. As they continue to expand their portfolio and operational scope, industry watchers will be keenly observing SGD’s progress and innovations in real estate development.