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BUSINESS NEWS SGB DEVELOPMENT CORP. ACQUIRES A MEMBERSHIP INTEREST IN AN AFFORDABLE HOUSING ENTITY IN ATLANTA, GEORGIA SG Blocks, Inc., a leading designer, innovator and fabricator of container-based structures, announced that SGB Development Corp., a subsidiary of SG Blocks, has acquired a membership interest to build 70,000 square. feet of affordable housing in the Atlanta, Georgia metropolitan area to be known as “Norman Berry Village.” SGB DevCorp has partnered with CMC, a New York City-based real estate development firm with national expertise, with ZT Architecture & Land Development and Community Development Consortium providing design build services. CMC has previously engaged SG Blocks to complete a design build project known as Ridge Avenue, also in Atlanta, which is currently in the planning stage. Units will be constructed at the company’s SG Echo campus in Durant, Oklahoma, and shipped to Atlanta. SGB DevCorp will control the planning and construction process, netting revenue from design, manufacturing, site work, and asset ownership stake. The project will draw on the experienced leadership of local developer Shaun Belle, CMC president.
“We are excited to be partnering with SGB DevCorp., on Norman Berry Village,” Shaun Belle noted. “It is an expansion of our relationship with SG Blocks. CMC believes modular construction represents the best value to the end user and we will continue to work vigorously in finding new sites to bring to market.” “We believe in the opportunities Atlanta offers SGB DevCorp, and that expanding in the Atlanta market is the right choice at the right time, given the need for affordable housing,” Paul Galvin, chairman and CEO of SG Blocks noted. “SGB DevCorp solutions can address directly some of the most pertinent issues in the U.S. housing shortage; as we build efficiently without losing design quality, and we operate at lower costs. It’s a win for everyone.” “SGB DevCorp.’s strategy is and will remain to find the best local developers in emerging markets to partner within the delivery of safe and green affordable housing,” Galvin explained. The company anticipates this to be the first of many projects in which SGB DevCorp develops, designs, constructs and delivers either single family or multi-family homes, whether that be for purchase or for rent, depending
on specific market need, with both affordability and quality in mind, given the nature of housing in the area. Norman Berry Village is expected to consist of two buildings with 132 units, a mixture of one- and two-bedroom apartments. The land is located in the Atlanta, Georgia metropolitan area within East Point, Fulton County, Georgia. “Atlanta’s economy has had a positive growth trajectory, with an influx of new and exciting corporations setting up shop. We’re pleased to be adding to this booming economy, although we know there is still work to be done,” Shaun Belle, president of CMC noted. SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. Each project starts with GreenSteel, the structural core and shell of an SG Blocks building, and then is customized to client specifications.
SEIZE OPPORTUNITIES, from page 7
work your way out it’s amazing how much you learn. To me, that was the best part of business. There is so much enjoyment in learning and meeting people. Deep down, I believe people are nice and that they want to help you. Everywhere I have lived and everywhere I have worked, I’ve loved meeting people, especially my staff. WSB: What do you hope to see in the future for the engineering industry? NK: I hope to see more women heading up their own firms. Engineering is not a male field, it’s just male dominated. I would like to see more women seize opportunities. WSB: What is the most important life lesson you have learned? NK: Be nice to others – it comes back to you. Do unto others as you have them do unto you. I grew up with that and I really believe in it.
Nathelyne Kennedy was the recipient of Zweig Group’s 2021 Jerry Allen Courage in Leadership Award, an award recognizing outstanding leaders in the AEC industry.
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THE ZWEIG LETTER JANUARY 10, 2022, ISSUE 1423
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