Core Points - Safe and Green Development Corporation (SGD) has resolved inter-company financial obligations with Safe & Green Holdings Corp. (SGBX) [1][2] - SGD has forgiven a promissory note of $908,322.95 and intercompany advances of $815,522, while SGBX has forgiven $394,329 of debt owed to it by SGD and transferred 276,425 shares of SGD Common Stock to SGD [2] - Following this agreement, SGBX will no longer hold shares in SGD, and SGD plans to hold the transferred shares in its treasury [2][3] Company Overview - Safe and Green Development Corporation is a real estate development company established in 2021, focusing on acquiring and investing in properties for future development into green single or multi-family projects [4] - The company has a wholly-owned subsidiary, Majestic World Holdings LLC, which operates a prop-tech company that has developed a real estate AI platform to enhance margins on homes sold [4] - Another subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant aimed at simplifying daily tasks and improving productivity for individuals and businesses [4]

Core Viewpoint - Safe and Green Development Corporation has successfully closed on the purchase of 22 lots in South Texas for $440,000, enabling the next phase of its Sugar Phase residential development project, which includes securing a loan of approximately $1,092,000 for the construction of 7 new homes [1][2][3] Group 1: Project Development - The next phase of construction aims to continue the development of affordable and sustainable housing in South Texas, building on the success of the initial five homes already listed for sale [2][3] - The company expects to receive permits and begin construction within 30 days of closing, with the first set of 7 homes projected to be completed by early Q2 2025, contributing to a total of 13 homes under construction in Q1 2025 [4][3] - The company is on track to meet its goal of completing 55 homes in 2025, demonstrating its commitment to expanding its portfolio of high-quality homes in the region [4][3] Group 2: Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on acquiring and developing properties into green single or multi-family projects, with a subsidiary, Majestic World Holdings LLC, utilizing a real estate AI platform to enhance margins on homes sold [5] - The company also has another subsidiary, MyVONIA Innovations LLC, which offers an AI-powered personal assistant aimed at improving productivity for individuals and businesses [5]

Core Insights - Safe and Green Development Corporation (SGD) is nearing completion of its first five homes from the Sugar Phase 1 development, which have all been listed for sale, addressing regional housing affordability issues while aiming for positive financial results from these sales [1][2] Company Overview - Safe and Green Development Corporation, formed in 2021, focuses on real estate development using purpose-built, prefabricated modules made from wood and steel, targeting strong, innovative, and green projects across various income and asset classes [2] - The company has a majority-owned subsidiary, Majestic World Holdings LLC, which operates a real estate AI platform designed to decentralize the real estate marketplace, integrating various stakeholders into an AI-driven environment [2] - MyVONIA Innovations LLC, a wholly owned subsidiary, offers an AI-powered personal assistant aimed at simplifying daily tasks and enhancing productivity for individuals and businesses [2] Sales Strategy - The company employs a multi-agent strategy alongside in-house technology to facilitate home sales and plans to leverage partnerships for mortgage services and downpayment assistance to enhance profit margins on each home sold [2]

Core Insights - Safe and Green Development Corporation (SGD) has outlined significant achievements in 2024, including strategic asset sales, development progress, and financial stability initiatives [1][4][7] Strategic Real Estate Monetization - SGD executed the sale of the St. Mary's property in Georgia for $1.4 million, resulting in approximately $1.1 million in net proceeds, which will be used to reduce debt and reinvest in growth [4] Development Progress - Construction is underway for the Sugar Phase I development in Texas, with the first six homes expected to generate $1.2 million in revenue by Q1 2025, and plans for at least 40 homes across various projects, potentially generating up to $8.0 million in revenue throughout 2025 [5][6] Single Family Home Portfolio Expansion - The company has entered joint ventures to acquire approximately 250 single-family lots in the Rio Grande Valley, expanding its development pipeline to include multiple phases of Sugar and Hacienda Olivia projects [6] Financial Stability and Investment - SGD secured an investment of up to $10 million from Arena Global, enhancing its financial stability and compliance with NASDAQ's minimum bid price requirement [7] Technology Integration - The company completed the acquisition of Majestic World Holdings and is leveraging its technology to facilitate home purchases through a proprietary portal, aiming to improve the homebuying experience and increase margins [3][8] Future Outlook - With a robust development pipeline, strategic partnerships, and disciplined financial management, SGD is positioned to capitalize on growth opportunities in 2025, focusing on sustainable and innovative housing solutions [8]

Core Viewpoint - Safe and Green Development Corporation has achieved a significant milestone by completing 50% of its Sugar Phase I project in South Texas, which is crucial for its strategy to deliver high-quality single-family homes in growing communities [1][3][5]. Project Progress - The Sugar Phase I project is now halfway through construction and is on track for completion before the end of 2024, reinforcing the company's commitment to meeting housing demands [3][5]. - The company plans to launch a marketing campaign to sell the homes in the Sugar Phase I project, utilizing its proprietary digital platform to enhance the homebuying process [4][5]. Company Strategy - The company focuses on developing innovative housing solutions using purpose-built, prefabricated modules made from wood and steel, aiming to create strong and green single or multifamily projects across various income and asset classes [6]. - A majority-owned subsidiary, Majestic World Holdings LLC, has developed a real estate AI platform designed to decentralize the real estate marketplace, integrating various stakeholders into a structured AI-driven environment [6].

MIAMI, Nov. 20, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a real estate development company, is pleased to announce that it closed the sale of its St Mary's Property to Pigmental Studios for $1.4 million on November 18, 2024. The Company realized approximately $1.1M in net proceeds from this closing.The property was sold as part of the Company's previously announced goal to strategically monetize some of its real estate holdings that have increa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share SGD The Nasdaq Stock Market LLC FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): November 14, 2024 SAFE AND GREEN DEVELOPMENT CORPORATION (Exact Name of Registrant as Specified in its Charter) | --- | --- | --- | |--------------------------------------------------------|--------------------------------------------------------------------------------|------------------------ ...

MIAMI, Nov. 14, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") today reported financial results for the three months ended September 30, 2024.Recent Operational Highlights:-          Secured up to $10M investment from Arena Investors-          Expanded Pipeline with 3 Joint Ventures in South Texas-          Regained Compliance with NASDAQ Minimum Bid Price Requirement-          Started Construction on 6 Homes & Closed Construction Loan in South TexasD ...

MIAMI, Nov. 8, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company, closed its first construction loan in Company history on November 7th, 2024.The Company's Sugar Phase I project is already underway and is on track to deliver the finished homes early in the first quarter of 2025. The loan will accelerate the construction of the homes by providing access to additional working capital and ensure that the homes are ...