Core Viewpoint - Safe and Green Development Corporation has updated the planned sale of its St Mary's property, extending the closing date and increasing the purchase price, which will enhance cash proceeds for the company [2][3]. 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 be made in cash, eliminating the original $450,000 promissory note [2]. Group 2: Company Overview - Safe and Green Development Corporation is a real estate development company formed in 2021, focusing on innovative and green development using prefabricated modules [4]. - The company has a majority-owned subsidiary, Majestic World Holdings LLC, which operates the XENE Home Platform, an AI-driven solution aimed at decentralizing the real estate marketplace [4].
Safe and Green Development Corporation increases sales price of St Mary's to $1.4M