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Greenbriar Sustainable Living Inc V.GRB

Alternate Symbol(s):  GEBRF

Greenbriar Sustainable Living Inc. is a developer of sustainable entry-level housing and renewable energy projects. The Company’s primary business is the acquisition, management, development, and possible sale of real estate and renewable energy projects. It operates through three segments: real estate development in the United States (Real Estate), solar energy projects in Puerto Rico (Solar Energy) and corporate headquarters located in Canada (Corporate). The Company is focused on building two large-scale projects, namely Sage Ranch in Tehachapi, California and Montalva in Guanica, Puerto Rico. Sage Ranch is a real estate community of over 995 entry-level homes in the Tehachapi Valley, a community located in southern California. Its Montalva property (1,747 acres) is a large utility-scale solar and battery storage building with an initial size of 80 MWac or 160 MWdc, located in the southwestern coastal area of Puerto Rico. Its Cordero Ranch property is located in Cedar City, Utah.


TSXV:GRB - Post by User

Comment by Schoenon Sep 14, 2021 1:21pm
249 Views
Post# 33855545

RE:Local tehachapi article on housing

RE:Local tehachapi article on housingVentrue I gave you a thumbs up on your post.  It affirms what most of us believe, that Sage Ranch will meet strong demand and help alleviate a serious housing shortage.

At the bottom of your article there was a link to another Tehachapi News article with info on Sage Ranch dated 9/12/21.  It starts with the final City Council approval on 9/7/21.  Nothing new there but corraborates what Jeff has posted.  It goes into other subjects, then further down in the article there is more color on the first City Council approval on 8/16:

"Gabriele Martin and Laurie Collom live in the Heritage Oaks neighborhood south of the proposed Sage Ranch development. They shared their concerns about the development, including the higher density and large homes on small lots and asked if the city had considered the impact on nearby property owners. Specifically, they asked about property values, water, traffic and why the city would allow such a large new development when some previously approved subdivisions remain undeveloped.

Schlosser (City Planner) said the city will require the developers to help pay to mitigate impacts on sewer, traffic and other city services and that the 175 acre-feet of pumpable water rights that Sage Ranch must bring to the city is “every year, forever.”

As to the local water supply, he said there is “350,000 acre-feet of water under the city right now. I’d go so far as to call it drought-proof because of management.”

He said single-family homes will be built in the areas immediately adjacent to earlier subdivisions of the same type and that the apartments and other housing types will be located in other areas of the project.

As to why the city would allow the new development when previously approved subdivisions have not been built out fully, Schlosser said private property rights are at play.

At the Aug. 16 meeting, the lead representative for the project, Paul Morris, said it will help address the housing shortage by offering eight product types in six phases built over seven years. The mix includes single-family homes, townhomes and apartments — some targeted for senior citizens. A community center and parks managed by a homeowner association are also part of the project.

The next step for Sage Ranch will be to present a Precise Development Plan for the first increment of the project."

Link: https://www.tehachapinews.com/news/city-council-acts-on-sage-ranch-cell-tower-signs-and-granny-units/article_8a85302c-1351-11ec-9cca-930e2c0d951e.html#tncms-source=block-contextual-fallback

Nothing unexpected in all that just more affirmation that the project is well planned, supported 100% by the City and moving ahead.  I am looking forward to the next milestones and an NPV calculation for the project's value to GRB and PWR.


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