MIAMI, Jan. 6, 2025 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the "Company"), a real estate development and innovation company, is announcing that its first 5 homes from the Sugar Phase 1 development are nearing completion and have all been listed for sale. In the development of these homes, the Company has undertaken serious consideration for the current regional housing affordability issues and accordingly created a value proposition for both the buyers benefit and the Company's objectives as well in having sound and positive financial results from the sales of these homes. 

MIAMI, Dec. 27, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the "Company"), a real estate development company, is excited to share its expected timeline for completion of its joint venture developments in Southern Texas. The timeline below is only considering the existing portfolio of joint ventures; however, the Company will look to continue to expand its portfolio of joint ventures and initiate development on its existing joint venture properties in Oklahoma and Georgia.

MIAMI, Dec. 18, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the "Company"), a real estate development company, is excited to share its 2024 Year In Review highlights, including the strategic sale of the St. Mary's property, the progress of the Sugar Phase I Development, the acquisition of additional single-family lots in South Texas and the closing of multiple construction loans.

A Message from CEO David Villarreal:

"We believe we have set the stage for rapid growth on a defined path throughout 2025 and beyond. We have executed contracts to strategically monetize several of our existing land holdings, which will eliminate high interest debt to allow us to pursue our growth strategy and focus on a more targeted footprint. We have a pipeline of approximately 250 single family home lots in the Rio Grande Valley and started construction on the first phase. 

MIAMI, Nov. 26, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a real estate development company, is pleased to announce a significant milestone in the progress of its Sugar Phase I project in South Texas (the "Project"). The Company has successfully completed 50% of the Project, marking a critical step in its construction timeline.

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 increased in value. This sale will help reduce debt and increase the Company's cash position. Additionally, the Company continues to evaluate offers on its Lago Vista Parcel, the most recent of which far exceeded the price paid by the Company. The Company will continue to pursue this strategy as a means of raising capital to spur its growth and advance other real estate projects. Moreover, the closing of the sale supports the previously appraised values of the Company's real estate.

MIAMI, Nov. 19, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") announces it entered two additional joint ventures for the purpose of developing and constructing single-family homes in South Texas. Through the new joint ventures, SG Devco has secured an additional 160 lots bringing the total pipeline in South Texas to over approximately 250 lots for single family home development. The 160 lots are spread across two separate parcels totaling 21 acres that will be developed sequentially.

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 delivered on budget and on time.

MIAMI, Oct. 29, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a real estate development company, announces the start of construction on its Sugar Phase I project in South Texas.

Following the recent completion of all required site work and receipt of necessary elevation certificates and permits, SG Devco has officially broken ground on this first phase, which will consist of 5 single-family homes. This marks an important step forward for SG Devco's plan to bring high-quality housing to South Texas communities.

MIAMI, Oct. 24, 2024 /PRNewswire/ -- Safe and Green Development Corporation (Nasdaq: SGD) ("the Company") today is pleased to announce that it has received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2).

"We are pleased to have regained compliance with Nasdaq's listing standards, which reflects our commitment to enhancing shareholder value and ensuring the long-term growth of the Company," said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. "We will continue to focus on executing our strategic initiatives and delivering sustainable results for our investors."

MIAMI, Oct. 23, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company, announces that it has poured the foundation for its first home in South Texas.

The Company previously announced that it secured financing terms for the vertical construction of the Company's model home. The home is expected to be delivered in the next 75 days.

This home is the precursor to the Company's Sugar Phase I Development which recently received all approvals to move forward with vertical construction. In addition, the Company received approval for construction financing for the first 5 homes of Sugar Phase I and will begin construction in the coming weeks.

MIAMI, Oct. 17, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company releases a letter to shareholders from SG Devco CEO, David Villarreal:

"Dear SGD Shareholders,

I wanted to take a quick moment of your time to address the recent reverse stock split & the subsequent trading of the stock since then.

I would like to begin by stating that our reverse stock split was completed after receiving shareholder approval to do so. We took this step to be able maintain our NASDAQ Listing and comply with NASDAQ minimum bid price requirements. We waited as long as possible prior to having to effectuate a reverse split.

MIAMI, Oct. 15, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company, announces that all site work has been completed for the first phase of its Sugar Phase I project in South Texas.

Since the first announcement of the project, the Company has been resurfacing the lots to receive the necessary elevation certificates to move forward with vertical construction. The Company has now completed the work and received all necessary permits to be able to do so.

MIAMI, Oct. 9, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company") a leading real estate development company focused on sustainable and eco-friendly projects, is pleased to announce that it has accepted a preliminary binding purchase commitment from Trio, as Program Administrator for Choctaw American Insurance, Inc. ("Choctaw"), for its development project in South Texas.

The sale of the first 5 homes, referenced in the commitment, is expected to generate approximately $1,000,000 dollars in revenue for the Company. The purchase commitment from Trio allows for a purchase of up to 14 homes within this planned development generating sales of approximately $2,800,000. The preliminary purchase commitment sets forth Trio's agreement on behalf of Choctaw to purchase homes in the Company's South Texas development project, with exact locations and pricing terms to be confirmed. Trio shall purchase a maximum of 40% of the lots within a subdivision. The commitment stipulates that each home sale shall be subject to the execution of individual Purchase and Sale Agreements as well as the identification of a Trio approved occupant. The commitment also stipulates that each closing will occur within 14 days of the home being deemed ready for occupancy.

MIAMI, Oct. 8, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development firm focused on eco-friendly and sustainable projects, is pleased to announce that it has successfully secured financing terms for the vertical construction of a model home in South Texas.

The model home will provide potential buyers and partners with a tangible example of the Company's design and construction capabilities, helping to streamline the decision-making process for future projects. Additionally, this development sets the stage for the expansion of SG Devco's footprint in the South Texas area, where the Company anticipates launching multiple residential communities in the near future.

MIAMI, Oct. 4, 2024 /PRNewswire/ -- Safe and Green Development Corporation "SG DevCo" (NASDAQ: SGD), a leading real estate and technology development company, today announced that it will effect a 1-for-20 reverse stock split ("reverse split") of its common stock, par value $0.001 per share ("Common Stock"), that will become effective at 12:01 a.m. Eastern Time on October 8, 2024. The Company's Common Stock will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "SGD" and will begin trading on a split-adjusted basis when the Nasdaq opens on October 8, 2024 ("Effective Time"). The new CUSIP number for the Common Stock following the reverse split will be 78637J204.

MIAMI, Sept. 20, 2024 /PRNewswire/ -- Safe and Green Development Corporation ("SG Devco" (NASDAQ: SGD), a leading real estate and technology development company, today announced the formation of a joint venture with Resource Group US LLC ("RGUS"), a renowned expert in compost production and soil rejuvenation technologies. The Joint Venture (JV) aims to restore degraded lands across the United States, starting in Southwest Florida and evolving into a national production schedule as part of the growth efforts. This partnership brings together RGUS's Soil Rescue compost technology and SGD's land development expertise to rehabilitate nutrient-deficient land for agricultural, commercial, and residential uses.

MIAMI, Sept. 4, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco or the "Company"), a leading real estate and technology development company, today announced a new joint venture with Properties by Milk & Honey LLC ("Milk & Honey"), a Texas-based real estate development firm. The joint venture, named Pulga Internacional LLC, will focus on the development and construction of an eco-friendly retail outlet on an 18-acre property in Palmview, Texas.

The 18-acre property, which will be conveyed by Milk & Honey to Pulga Internacional LLC, will be converted into an eco-friendly retail outlet using shipping containers.

MIAMI, Aug. 15, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG DevCo" or the "Company") announces the expansion of its joint venture project in Edinburg, Texas, after entering into an agreement to acquire 22 additional single-family lots. These lots are an addition to the previously announced acquisition of 5 lots in the same subdivision. This strategic move marks a significant step towards the Company's goal of capitalizing on the rapid growth in and around the Rio Grande Valley.

MIAMI, Aug. 14, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), announces the successful closing of a strategic purchase agreement for funding of up to $10 million from Arena Investors, LP ("Arena") and its affiliates.

Arena, a global institutional asset manager with approximately $3.5 billion of assets under management, is known for its expertise in providing creative capital solutions.

Maxim Group LLC was sole placement agent in connection with the offering.