VizConnect, Inc (OTC: VIZC) Announces Co-Developer Agreement w/ 338 Falmouth Foreside Company to Lead Presumpscot Woods
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- VizConnect, Inc. has announced a co-developer agreement with 338 Falmouth Foreside Company, LLC to develop Presumpscot Woods, a 60-unit townhome community in Portland, Maine. - The development will include a mix of high-end market rate and affordable units, addressing the housing shortage in the area, with prices ranging from $485K to $685K for 3-bedroom units. - VizConnect's strategic focus on real estate development is part of a broader strategy to diversify its portfolio and bring long-term value to stakeholders. - The project, financed by GenX Capital Partners, aims to meet all zoning and entitlement criteria and hopes to break ground by Christmas.