Business
LIG Assets, Inc. Announces Successful Rezoning of Bella Serra Development in Brentwood, Tennessee
LIG Assets, Inc. Announces Successful Rezoning of Bella Serra Development in Brentwood, Tennessee.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\nNashville, TN, Feb. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\") announces that on February 19, 2019 the Nashville City Council along with the Planning and Zoning Committee approved the change in zoning for LIGA’s “Bella Serra” development in Brentwood, Tennessee.  Formerly the property was zoned AR2a but has now been re-zoned as RS10 and RM4 permitting a denser build out.  With this change we will now be implementing our announced plans for the building of condos and single-family homes.\n LIG Assets President Marvin Baker stated, “We appreciate the thoughtful and exhaustive review of the City Council.  These efforts afford LIGA the opportunity to bring to the community a truly landmark sustainable development whose aesthetic beauty will be a true asset to the community.  The approval of re-zoning also adds substantial value to this important LIG Assets.”  LIG Assets’ management has been fielding multiple calls from potential financing partners who are presenting far superior terms that will help expedite the development and improve the profit margins for the Company.    As previously reported the projected gross sales for Bella Serra are anticipated to reach $52,470,000 upon build out of the property.  The current Phase One site plan will include 90 residential units total with 10 luxury single-family homes and 80 multi-family “Lifestyle Condos.”  The condo/luxury home mix in the current plan may be modified to optimize the development goals.  LIGA will be finalizing the site plan to maximize the Bella Serra development for the greatest benefit of the company and our shareholders. Chairman Aric Simons added, “The re-zoning for Bella Serra is an important step forward to achieving our corporate mission of bringing sustainable, beautiful residences to the community at a market competitive price point.  We shall continue to prove that sustainable building is better for families, the environment and is good business.  The management of LIGA believes we have the best shareholder base for any public company on the market; we aim to reward the loyalty and enthusiasm of our investors with exponential ROI and a company ea...