 NEW YORK--BUSINESS WIRE--SG Blocks, Inc. NASDAQ: SGBX SG Blocks or the Company, a leading designer, innovator and fabricator of modular structures, announced today that its development subsidiary, SGB Development Corp. SG DevCorp, has acquired a 10 non-dilutable equity interest in JDI-Cumberland Inlet, LLC, a Georgia limited liability company, contributing 3,000,000 in capital to develop Cumberland Inlet, a 1,286 acre waterfront parcel in historic downtown St. Marys, Georgia. SG 