RED I - PLEASANT GROVE
INVESTOR UPDATE | SEPTEMBER 2025
Thank you for your continued partnership in the PG Development project. We are excited to report significant momentum since our July update, with horizontal improvements now actively underway following full city approval. The project team has also completed value engineering enhancements to our house plans, increasing unit sizes to over 2,000 square feet per unit while maintaining our focus on cost-effective, high-quality construction that maximizes investment returns.
Your ongoing support has enabled us to maintain project momentum and make strategic improvements that we believe will enhance the overall project value. We remain committed to transparent communication and provide this detailed progress update as we advance toward our construction phase.
KEY ACCOMPLISHMENTS
RECENT
Full city approval received
All municipal requirements satisfied, clearing the path for construction activities.
Horizontal improvements commenced
Site work is actively underway with our experienced infrastructure contractor partner.
Value engineering completed
House plans have been optimized to increase unit sizes to over 2,000 square feet while maintaining cost efficiency.
Construction timeline finalized
Detailed project schedule established with our general contractor and builder partner.
PRIMARY FOCUS AREAS
CURRENT
Horizontal improvement execution
Managing daily site operations to ensure quality work and adherence to timeline.
Final construction preparations
Coordinating all pre-construction activities including permits, material procurement, and subcontractor scheduling.
Quality control oversight
Implementing rigorous monitoring processes for all horizontal improvement work.
Enhanced unit planning
Finalizing interior specifications and finishes for the enlarged 2,000+ square foot units.
MAJOR MILESTONES
NEXT
Completion of horizontal improvements: End of November 2025
Construction commencement: January 2026
First units available: Late Spring/Early Summer 2026
LOOKING FORWARD
The project team maintains strong momentum as we execute the horizontal improvements phase. With full city approval secured and our experienced contractor partners actively on-site, we are well-positioned to meet our November completion target for site preparation.
Our value engineering efforts have resulted in significantly larger units—now exceeding 2,000 square feet—which we believe will enhance both marketability and investment returns. We continue to work closely with our general contractor and builder partner to ensure seamless transition into the construction phase, with twin home construction scheduled to begin in January 2026.
We anticipate the first completed units will be available in late Spring or early Summer 2026. As always, we remain committed to efficient project execution and will continue providing regular updates on our progress.
This update reflects project status as of September 2025. For specific questions or additional information, please contact the project management team.
Project Photos
