AUSTIN, TX / ACCESSWIRE / December 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.
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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.
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AVEW Holdings Inc.
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SOURCE: AVEW Holdings Inc.