Core Viewpoint - Safe and Green Development Corporation has announced an update regarding the sale of its St Mary's property, including an extension of the closing date and an increase in the purchase price [1][2]. Group 1: Sale Update - The closing date for the sale of the St Mary's property has been extended to June 20, 2024 [2]. - The purchase price has been increased from $1,350,000 to $1,400,000, and the payment will now be made in cash, eliminating the previous $450,000 promissory note [2]. - These changes are expected to streamline the closing process and result in higher cash proceeds for the company upon completion of the transaction [2][3]. Group 2: Company Overview - Safe and Green Development Corporation is a real estate development company established in 2021, focusing on innovative and sustainable development using prefabricated modules made from wood and steel [4]. - The company aims to create strong, green, single or multifamily projects across various income and asset classes [4]. - A majority-owned subsidiary, Majestic World Holdings LLC, has developed the XENE Home Platform, which utilizes advanced AI technology to integrate various stakeholders in the real estate marketplace [4].
Safe and Green Development Corporation increases sales price of St Mary's to $1.4M