Ideal Group Signs Sales Agreement to Begin Its Premiere Real Estate Development Project in South Carolina [Yahoo! Finance]
IDEAL GROUP OF COMPANIES (IDGR)
Company Research
Source: Yahoo! Finance
Anderson, South Carolina--(Newsfile Corp. - September 5, 2024) - Ideal Group of Companies, Inc. (OTC Pink: IDGR) ("Ideal Group" or the "Company") has signed a purchase agreement for an initial 10.67-acre land parcel located in Anderson, South Carolina for development of its premiere real estate project. Based on the planned configuration, phase one of the project has a projected value of over $40 million at completion. Ideal Group's plans call for a multi-phase project to build and sell semi-custom, multi-family homes, including townhouses and condominium units on the land parcel. The project is expected to begin with phase one, which encompasses the site prep, design, and construction of the first 16 townhouses. Ideal Group of Companies, Inc. signed the deal to acquire the parcel from H & L Innovations LLC of Brownsville, Texas, which will retain a 16% share in the property. The property is located in a pristine area of Anderson County and is ideally situated for multi-phased de
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