Safe and Green Development Corporation Receives Approval To Purchase Right Of Way Approval At Norman Berry Village Project In Atlanta, Georgia
Portfolio Pulse from Benzinga Newsdesk
Safe and Green Development Corporation (SGD) has received approval to purchase the Right Of Way for the Norman Berry Village project in Atlanta, Georgia. The project, in partnership with CMC Development Group and CSHQA, will develop a six-acre site into a 125,000 square-foot facility with 68 residences for elderly and assisted living residents. The project is expected to feature two buildings with 134 units, a clubhouse, gym, and outdoor recreational areas. Construction is set to begin in 2024.
October 05, 2023 | 12:34 pm
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NEUTRAL IMPACT
As SGD was recently spun off from Safe & Green Holdings Corp. (SGBX), the approval for the Norman Berry Village project could indirectly impact SGBX's stock value.
While SGBX is not directly involved in the project, as the parent company of SGD, any positive developments for SGD could potentially have a positive impact on SGBX's stock value.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
SGD's approval for the Norman Berry Village project could potentially increase its stock value due to the anticipated revenue from the project.
The approval for the project is a positive development for SGD as it paves the way for potential revenue growth. This could attract investors, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100