other material
confidence high
sentiment neutral
materiality 0.70
Safe and Green Development sells 60-acre Lake Travis site for $6.575M to Lithe Development
RenX Enterprises Corp.
- LV Peninsula Holding, a wholly owned subsidiary, entered a Commercial Contract to sell the Lago Vista, TX waterfront site for $6.575 million.
- Closing expected on or before February 12, 2025, subject to satisfaction of conditions and delivery of executed JV contract within 4 business days.
- Buyer Lithe Development must provide a $1,000 earnest money deposit; sole remedy for breach is retention of deposit.
- The new Contract of Sale dated January 30, 2025 supersedes all prior contracts (April 25, 2024 as amended) for the same property.
- The approximately 60-acre Lake Travis site was previously owned by the Company and is being sold to a Texas corporation.