09:30 AM EDT, 10/15/2024 (MT Newswires) -- Safe and Green Development ( SGD ) shares were up nearly 57% premarket Tuesday after the company said it has completed all site work for the first phase of its Sugar Phase I project in South Texas.

The company said it expects to deliver the first phase of homes at the project by Q1 next year and sell all homes to Trio, as program administrator for Choctaw American Insurance, in the same quarter.

The Sugar Phase I project is planned to comprise 35 homes, according to Safe and Green Development ( SGD ). The company said it has completed all necessary permits to proceed with the project's vertical construction.

Price: 6.25, Change: +2.27, Percent Change: +56.93