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VizConnect, Inc. (OTC: VIZC) Announces Co-Developer Agreement with 338 Falmouth Foreside Company, LLC to Lead Presumpscot Woods Townhome Community Project
VizConnect, Inc. (OTC: VIZC) Announces Co-Developer Agreement with 338 Falmouth Foreside Company, LLC to Lead Presumpscot Woods Townhome Community Project.
About this update from Vizconnect, Inc.
[{"type":"text","content":"VizConnect, Inc. (OTC: VIZC) Announces Co-Developer Agreement with 338 Falmouth Foreside Company, LLC to Lead Presumpscot Woods Townhome Community ProjectTemba Mahaka, CEO of Maine based VizConnect, Inc., being one of only a small percentage of minority CEO's of a public company in the United States, has joined the team for the development of Presumpscot Woods. a 60-unit townhome \"to be built community\" on 14 acres off Hope Avenue and Allen Avenue vicinity in Portland, Maine.VizConnect Real Estate Development Company, LLC, a wholly owned subsidiary of the publicly traded VizConnect, Inc. has entered into a Co-Developer Agreement with 338 Falmouth Foreside Company, LLC for the development of the Presumpscot Woods Townhome Community project.While the development will offer high quality, high-end market rate townhomes, 25% of these will be deemed \"affordable\" per the Portland Green New Deal ordinance. Mr. Mahaka will lead the way with its implementation to fulfill the affordable housing desert in the Portland area.\"It's a fantastic project in a gorgeous, tree encapsulated setting abutting the Presumpscot River. Very well designed, well laid out, well-engineered project, over a year and half in the making, comes at a time where the housing shortage in Portland, Maine is only getting worse, for both market rate and affordable units. At VizConnect Real Estate Development Company, LLC (a new division of VizConnect, Inc, its parent company), we see this dire need. As a minority myself, I see all kinds of income levels and nationalities being pushed to the wayside as the ability to obtain housing in Portland becomes more and more difficult. I am looking forward to getting involved with the development team on Presumpscot Woods. Getting this incredible project will be the cornerstone for VizConnect Real Estate Development Company’s future development of similar developments in the State and help combat this housing crisis\", Mr. Mahaka stated.Presumpscot Woods market rate townhome prices will range from $485K to $685K for 3BR/2.5 bath units ranging from 1,400SF to 1,700 SF respectively. All townhomes will have their own attached garage and driveway for an additional vehicle. Mr. Mahaka expects approvals no later than September and hopes to be in the ground by Christmas. VizConnect Real Estate...