Core Insights - Safe and Green Development Corporation (SG Devco) has entered into a joint venture to develop and construct single-family homes, starting with 5 lots and plans to expand to a total of 24 lots [3][4] - The project is expected to generate revenue from home sales towards the end of 2024 and throughout 2025, marking a significant milestone for the company as it transitions from pre-development to construction [4][5] Company Overview - SG Devco focuses on real estate development using purpose-built, prefabricated modules made from wood and steel, aiming to create strong, innovative, and sustainable projects across various income and asset classes [6] - The company has a subsidiary, Majestic World Holdings LLC, which has developed a real estate AI Platform designed to decentralize the real estate marketplace and integrate various stakeholders into a structured AI-driven environment [6] Strategic Initiatives - The company plans to leverage its real estate AI Platform to enhance the sales process and provide competitive mortgage options and down-payment assistance through partnerships, potentially driving additional revenue from the development of the lots [5][6] - CEO David Villarreal expressed enthusiasm for the project, emphasizing the commitment to creating safe and sustainable communities that cater to modern household needs [4]
Safe and Green Development Corporation Expands Portfolio in Texas with Shovel Ready Lots