Greenbriar Announces Construction Permit and Feasibility Study Update for Sage Ranch
- The Pro Forma Review of Sage Ranch by Altus Group provides a comprehensive overview of the development's potential profitability, projecting a net profit of $174,329,339 and a 63.51% profit on cost. The filing of construction permits for Phase I indicates progress in the development process and signals a commitment to moving the project forward.
- None.
Phoenix, Arizona--(Newsfile Corp. - December 4, 2023) - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar" or the "Company") is pleased to announce that Altus Group has updated the Pro Forma Review of Sage Ranch dated effectively November 27th, 2023.
"The purpose of the Altus Group analysis is to assist in benchmarking the relative profitability of the development to facilitate obtaining financing" for which Greenbriar has executed a previously disclosed and current USD
At this stage, you have not requested we provide you with an independent appraisal report estimating the current market value of the subject property "as is" nor have you requested we provide you with an independent appraisal indicating the market value of the subject property in the developed scenario. It is stressed that this is not an appraisal report."
The executive summary reads as follows:
Executive Summary
| Dashboard | 995 units of 1 to 2 Stories 1,600,763 SF |
| Civic Address | The site is bound between Valley Rd to the North, Pinion St to the South, the Tehachapi School District Maintenance Yard and High School to the East and existing residential homes on Clearview Street to the West. |
| Location | City: Tehachapi County: Kern County |
| Current Zoning | PD Planned Development |
| Development Scenario | To be developed in 6 phases over approximately 6 years. There will be approximately 165 units per year. |
| Projected Revenue | 995 units, totaling 1,600,763 square feet saleable Target average sales rate of |
| Projected Costs | |
| Projected Profit |
The full report can be viewed at the following link:
Sage Ranch Construction Permit Filing
The Greenbriar professional engineering team will be filing all of the completed engineering construction plans for all of the improvements for Phase I construction within the next 10 days for the purpose of obtaining the construction permits.
About Greenbriar Capital Corp
Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Ph: 949-903-5906
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the Debenture and the use of gross proceeds. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A (a copy of which is available under the Company's SEDAR profile at www.sedar.com). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189758
FAQ
What is the purpose of the Altus Group analysis for Sage Ranch by Greenbriar Sustainable Living Inc. (GRB)?
What is the projected net residential revenue for the Sage Ranch development?
What is the total projected cost for the Sage Ranch development?
What is the net profit projection for the Sage Ranch development?
What is the status of the construction permits for Sage Ranch Phase I?
