05/23/16 Grow Condos update on Nuggetville: GLTA
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Grow Condos Update on Nuggetville
EAGLE POINT, OR -- (Marketwired) -- 05/23/16 -- Grow Condos, Inc., a fully reporting publicly traded company under the trading symbol (OTC PINK: GRWC), which is a real estate purchaser, developer & manager of specific use industrial properties providing "condo" style turn-key grow facilities to support the cannabis industry, is pleased to announce the following updates on its next targeted development which goes before the city of Eugene, Oregon for approval. The slated project, Nuggetville, will be constructed on 2.65 acres in the Pioneer Business Park in Eugene, Oregon. Grow Condos plans to construct thirty three warehouse units of 1,500 square feet each, totaling approximately 50,000 square feet of warehouse condominiums. "Oregon recently approved the first round of recreational marijuana licenses and Grow Condos feels that this project will be very well received -- it's an excellent opportunity for us," stated CEO Wayne Zallen.
The general plans as well as the property can be viewed on the Grow Condos website at the following link: http://growcondos.com/locations
The Company has retained a leading engineering and surveying firm that is familiar with developers in the Ergene area, Geomax, Inc. of Cottage Grove, Oregon. Nering Construction, LLC of Eagle Point, Oregon will be in charge of the construction of the project. Nering is an approved dealer of high quality steel buildings from General Steel from Littleton, CO.
"We're hoping for a quick approval from the city of Eugene and once we have approval we can begin with the project, start to take deposits on scheduled unit sales and begin to fulfill the anticipated large demand for this type of product," Zallen continued.
About Grow Condos, Inc.