Mixed-Use Development Includes Cultivation Facilities, Sustainable Housing, & Solar Power
SCOTTSDALE, Ariz., Sept. 26, 2017 /PRNewswire/ -- Zoned Properties, Inc. (ZDPY), a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry, today unveiled the Company's long-term master plan for its Chino Valley Cultivation Facility, a 47.6-acre property located in Northern Arizona.
"Over the past several years, Zoned Properties has successfully developed and leased what we consider to be merely the foundation for the Chino Valley Cultivation Facility," commented Bryan McLaren, Chief Executive Officer of Zoned Properties. "Today's operating facilities include a small portion of what has been approved in collaboration with local officials as part of a long-term development deal with the municipality. As market demand continues to grow, the Chino Valley Cultivation Facility is well-positioned to expand into a much larger development that can service the entire state of Arizona. The master plan includes roughly 25 acres of operational space dedicated to medical marijuana cultivation and processing, which can be leased at premium rental rates compared to traditional commercial real estate."
"The unveiling of the Master Plan for the Chino Valley Cultivation Facility represents years of developing best practices specific to this emerging industry and is essential in demonstrating tangible value to current and prospective shareholders," added McLaren. "The master plan establishes a road map for the expansion of facilities as our existing tenant gains more and more market share. The development concept includes a balance of medical marijuana facilities, corporate office space for management, sustainable housing for on-site workers, and a large-scale solar power installation to support energy requirements. Guided by this vision, we believe the Chino Valley Cultivation Facility has the potential to become a premier and influential property for the emerging medical marijuana industry."
High-resolution images of the master plan in various phases of development can be viewed at http://zonedproperties.com/project/chino-valley-arizona/
About Zoned Properties, Inc. (ZDPY):
Zoned Properties is a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed medical marijuana industry. The Company acquires commercial properties that face unique zoning challenges and identifies solutions that can potentially have a major impact on the cash flow and property value. Zoned Properties targets commercial properties that can be acquired and re-zoned for specific purposes. Zoned Properties does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substances Act.
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