Safe & Green Holdings Corp. provided an update on its planned McLean Manufacturing facility, located in McLean, Oklahoma, and reported it is now in the design phase of the project. The total property is approximately 1.1 million square feet, of which approximately 120,000 square feet will be used for the new manufacturing facility, while the additional property will be used to support distribution, cold storage, industrial and other uses in the near future.

As current client relationships expand and new project work is acquired, both internally and externally, the Company foresees the need for multiple factory campuses and additional square footage. The new facility will be located adjacent to the Magnolia Residential project, both located on a 114-acre site owned by the Company. The new facility is intended to support manufacturing for the 800 residential units to be built at the Magnolia Residential project, as well as serve SG Echo's manufacturing needs in Dallas, Oklahoma City, and other nearby markets.

As previously reported, the Company has over 4,000 units in various stages of development. The Company is also advancing a variety of non-dilutive funding options to support construction of the facility.