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Safe and Green Development Corporation To Acquire 22 Single Family Lots in South Texas
Safe and Green Development (NASDAQ: SGD) has announced the expansion of its joint venture project in Edinburg, Texas, with an agreement to acquire 22 additional single-family lots. This adds to the previously announced acquisition of 5 lots in the same subdivision. The strategic move aims to capitalize on the rapid growth in the Rio Grande Valley area. The transaction is expected to close within 60 days, with all homes projected to be delivered to customers by the end of Q2 2025.
CEO David Villarreal emphasized the company's commitment to growth and efficiency by targeting lots ready for vertical construction. SG DevCo remains dedicated to sustainability and environmental consciousness, incorporating energy-efficient features and sustainable building practices in each home.
CEO David Villarreal emphasized the company's commitment to growth and efficiency by targeting lots ready for vertical construction. SG DevCo remains dedicated to sustainability and environmental consciousness, incorporating energy-efficient features and sustainable building practices in each home.
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