Dream Homes actively installing Major Infrastructure and Site Improvements for Berkeley Terrace Townhome Project; Finalizes $2.2 Million in New Custom Home Construction Contracts

FORKED RIVER, N.J., July 12, 2023 (GLOBE NEWSWIRE) -- Dream Homes & Development Corporation (OTCPK: DREM), a licensed new home builder, developer and general contractor in New Jersey, announces that the Company is making significant progress installing infrastructure at Berkeley Terrace, its approved 70 unit townhome development. Additionally, Dream Homes has signed an additional $2.2 million in new custom home constructions contracts.

Over the past 60 days, Dream Homes has completed or is actively constructing the following site improvements to Berkeley Terrace:

  • Earth balance of top soil and fill and stabilization of entire property
  • Sanitary sewer tie in to main road and installation of on-site improvements
  • Storm drainage and detention basins

Dream Homes CEO Vince Simonelli stated, “The funding package completed in March has allowed us to make aggressive progress on Berkeley Terrace. Our goal remains to retain ownership of this entire development and lease the units for evergreen income to Dream Homes.”

Dream Homes invites shareholders and interested parties to view photos of its progress at Berkeley Terrace by visiting the Dream Homes website and its Twitter account.

About Dream Homes & Development Corp.

Dream Homes & Development Corp. (OTC Pink: DREM) (also “DHDC”) is a full-service construction company based in Forked River, New Jersey equipped to complete all aspects of a building project including design, architectural, engineering, and construction. DHDC wholly owned subsidiaries are licensed new home builders and general contractors; actively building, raising, renovating and reconstructing homes up and down the New Jersey shore area.

Visit our website at www.dreamhomesltd.com for more information or email vince@dreamhomesltd.com to be alerted in the future when the Company announces news. Twitter is at twitter.com/foxbuilder.

Forward-Looking Statements:

This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks are detailed in the Company's respective filings with the Securities and Exchange Commission at www.sec.gov.

Company Contacts:

Dream Homes & Development Corp.
Vincent Simonelli, President & CEO
Office: (609) 693-8881
Email: vince@dreamhomesltd.com