AVEW Holdings Inc. Signs Letter of Intent to Develop a Major Multi-Million Dollar Real Estate Development Project
December 16 2014 - 7:00AM
eTeligis
AUSTIN, TX(Eteligis Inc.)
AUSTIN, TX, United States, via ETELIGIS INC., 12/16/2014 - -
AVEW Holdings Inc. (OTC: Pink: AVEW) (PINKSHEETS: AVEW), today
announced that the company entered into a Real Estate Development
Project in Austin Texas with D2 Investment, Inc. of Dallas Texas.
The project will be called Lazy Creek Development and will consist
of 37.75 residential acres, 13.13 multi family acres, and 5
commercial acres. The initial development project is estimated at
10 million dollars at lot infrastructure completion, which is
scheduled to complete in November of 2015.
AVEW Holdings Inc. Custom Builder Division, Tarragon Homes will
be constructing 150-200 homes starting the in fourth quarter of
2015. The estimated home construction project is in the range of 25
to 35 million dollars over an 18 month construction period.
Engineering and platting is currently under process by D2
Investment in conjunction with AVEW Real Estate Development
Division.
Mr. Jim DePetris, C.O.O. of AVEW Real Estate Development stated,
"The project is located in one of Austin, TX growth sectors and
sits between U.S Highway 183 and U.S Highway 290. The real estate
wraps around LBJ High School, which sits on a 12.23-acre parcel. On
the west side of U.S 183 new commercial and housing subdivisions
have been developed over the past five years."
Mr. Jose Chavez, CEO stated, "We are truly excited about the
opportunity to partner with such a prestigious and experienced
developer such as D2 Investment, and CEO, David Davis. Currently
AVEW has a verbal pre-approval for development funding on this
project and other projects. Funding specifics will be forth coming
in the near future."
About AVEW Holdings Inc.
AVEW Holding Inc. is a collection of companies in different
disciplines operating under a public held AVEW HOLDINGS. This gives
strength and integrity to each division to weather our recessions,
downturns, etc. in the economy. The companies of AVEW combined have
a wealth of knowledge and experience along with the opportunity to
consult with one another to share ideas and get input from other
divisions.
AVEW HOLDINGS includes full service pool, spa and landscape
design and construction company. Austin Premier Pools & Spas is
a custom pool design and construction company that has won national
and regional pool construction and design awards. Fantastic Pool
Services is a maintenance and pool repair company doing business in
Central Texas. Austin Patio & Outdoor Living is a residential
remodel and new Construction Company servicing Central Texas.
Austin Patio also designs and installs landscaping and outdoor
living kitchens, fireplaces, cabanas, and decks. Kustom Fence and
Construction Company is a custom fence designer and builder serving
the Hill Country. Tarragon Homes is a full custom home building and
development company. AVEW Development Company (TBF) will be
involved in commercial mixed-use development.
Safe Harbor Statement:
AVEW cautions that statements made in press releases constitute
forward-looking statements, and make no guarantees of future
performance and actual results/developments may differ materially
from projections in forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made.
CONTACT:
AVEW Holdings Inc.
Shareholder Relations
investors@avewholdings.com
512-436-9496
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28661
- Link to submission on http://www.eteligis.com
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