Business
Grow Condos Commences Permitting Process for Build Out of Nuggetville Property
Grow Condos Commences Permitting Process for Build Out of Nuggetville Property.
About this update from Grow Capital, Inc.
[{"type":"text","content":"\n \n \n Grow Condos Commences Permitting Process for Build Out of Nuggetville Property\n \n \nGrow Condos Commences Permitting Process for Build Out of Nuggetville Property\n \n EAGLE POINT, OR--(Marketwired - Sep 16, 2016) - Grow Condos, Inc. (OTCQB: GRWC), a fully reporting publicly traded company specialized in cannabis industry related \"Condo\" style real estate and turn-key grow facilities, is pleased to announce that the Company has definitively locked in the terms to move forward on the Nuggetville Project. As per the secured agreement, the Company will be obtaining engineering plans for submission to the City of Eugene for the issuing of building permits. The Nuggetville property consists of an ultimately thirty-three unit state-of-the-art warehouse, designed to be 1,500 square feet each. Upon completion the property will consist of an estimated 50,000 square feet, becoming one of the territory's leading customized cannabis production facilities.\n Spanning 2.65 acres in the Pioneer Business Park in Eugene, Oregon, the cutting edge 33 individual warehouse units are slated to be custom built by distinguished contractor, Nering Construction, LLC of Eagle Point, Oregon. Nering is an approved dealer of high quality steel buildings from General Steel of Littleton, CO, from whom the Company will be purchasing the core units. \n \"We are very pleased to be able to expand in this advantageous segment of the industry. This new property will give us a great opportunity to offer tailored space for production and processing in a market ripe with growers aggressively seeking suitable solutions,\" stated Wayne Zallen, Chief Executive Officer, Grow Condos, Inc. He concluded: \"We firmly believe that the greatest potential for a high level of success is when timing and opportunity meet. At this stage in the game in the cannabis industry, it's evident that the revenue potential here can be exponential.\" \n The Company recently announced that a leading engineering and surveying firm had been retained; Geomax, Inc. of Cottage Grove, Oregon, a team well equipped to handle the project, and a familiarity with the City of Eugene building code requirements in order to enable maximum efficiency. The general plans as well as the property can be viewed on the Grow Condos website at the following link: www.growcondos.com/nuggetville. All interes...