Articles from Safe and Green Development Corporation

MIAMI, Fla, May 21, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG DevCo” or the “Company”) is providing an update on the planned sale of its St Mary’s property.

MIAMI, FL, May 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce its partnership with Affiliated Services Group (ASG) to offer mortgage banking related services on its innovative Xene platform across 49 states in the U.S.  ASG, an industry leader in mortgage banking services, is bringing its extensive experience and expertise to this venture. By joining forces with SG Devco, ASG is further solidifying its commitment to providing top-notch, sustainable financial solutions to homeowners nationwide. This collaboration will allow both companies to deliver seamless and efficient mortgage services to customers across the United States.

MIAMI, Fla, May 07, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to acquire MyVONIA, an advanced artificial intelligence (AI) assistant, subject to certain closing conditions. Closing is expected during the second quarter of 2024. MyVONIA utilizes machine learning and natural language processing algorithms to provide users with human-like conversational interactions, tailored to their specific needs. MyVONIA does not require an app, or website but is accessible to subscribers via text messaging.

MIAMI, Fla, April 30, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce it has entered into an amendment to its original contract for the sale of its St. Mary’s site to extend the closing date. After evaluating the current timeline, the closing of this transaction is expected by May 30, 2024, with the transaction potentially concluding as early as May 15th. This transaction will yield in excess of $1M in non-dilutive capital, bolstering the Company's operational capabilities.

MIAMI, Fla, April 26, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce the Company received and executed a commercial contract to sell the Company’s Lago Vista site to an unnamed buyer. The Lago Vista property is an approximately 60-acre waterfront property located on Lake Travis, Texas. After evaluating the current timeline of the joint offer and the purchase offer, the Company decided to sell the property to strategically reinforce its balance sheet. The closing of this transaction would result in approximately $5,000,000 of debt to be extinguished from the Company’s balance sheet and yield additional non-dilutive cash proceeds.

MIAMI, Fla, April 23, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD)(“SG DevCo” or the “Company”), is pleased to announce that the Xene Home Platform has launched.

MIAMI, Fla, April 17, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG DevCo” or the “Company”), is pleased to provide an update and strategy regarding the operations of the business.

MIAMI, Fla, April 04, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG DevCo” or the “Company”), is pleased to announce the Beta launch of the Xene AI Platform for the Real Estate industry.

MIAMI, Fla, March 28, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD)(“SG DevCo” or the “Company”), today reported financial results for the twelve months ended December 31, 2023.

MIAMI, Fla, March 11, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced launch of the XENE Home platform.

MIAMI, Fla, March 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD)(“SG DevCo” or the “Company”), is pleased to announce an update on the Norman Berry Village property in Atlanta, GA.

MIAMI, Fla, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”), today announced that it has closed on the previously announced acquisition of Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”).  The purchase price for the acquisition consists of an aggregate of $500 thousand in cash to be paid over 5 quarters and 500,000 shares of SG Devco restricted stock valued at $1.075 million, or $2.15 per share. Under the terms of the agreement, Matthew Barstow, MWH CEO & President will become Senior Vice President of Innovation at SG Devco. The acquisition is a milestone in the company’s short history and adds a new vertical to the SG DevCo portfolio. The addition of MWH diversifies SG DevCo’s business interests and adds a new source of potential revenue.

MIAMI, Fla, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce that it has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The St Mary’s property consists of approximately 29 acres zoned for a manufacturing facility. After discussions with the City & Pigmental Studios, the Company decided to sell the property to accommodate Pigmental Studios’ expansion in the area. The Company remains interested in the St Mary’s region and will remain active via its investment in the Cumberland Inlet Project.

MIAMI, Fla, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) and Majestic World Holdings (“MWH”), a real estate technology firm and owner of the Xene AI Software platform (“XENE Platform”), are pleased to announce the roll out strategy for the Xene platform.

MIAMI, Fla, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”) is pleased to announce that it will strategically look to monetize its real estate holdings throughout 2024. The company has already initiated this strategy with the previously announced Contribution Agreement of Lago Vista wherein the property is valued at $11.5M as an equity interest in the development.

Company to contribute Lago Vista property in exchange for membership interest in the proposed joint venture valued at $11.5 million

MIAMI, Fla. , Nov. 21, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD) (“SG Devco” or the “Company”), a leading real estate development company, has recently signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (“MWH”) a real estate technology firm relating to a proposed strategic partnership between SG Devco and MWH, wherein SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene.

MIAMI, Fla., Oct. 09, 2023 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQSGD)(“SG DevCo” or the “Company”), a leading real estate development company recently spun off from Safe & Green Holdings Corp. NASDAQ: SGBXNASDAQSGBX)

Approval paves the way to begin development of the site

Celebrates recent spin-off and subsequent Nasdaq listing