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Torreon Group Initiates Full-Scale Production at Santa Rita Villas: 24-Unit First Phase Targets $7.6 Million in Gross Revenue
Torreon Group Initiates Full-Scale Production at Santa Rita Villas: 24-Unit First Phase Targets $7.6 Million in Gross Revenue.
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[{"type":"text","content":"\r\n\r\n \r\n \r\n Torreon Group Initiates Full-Scale Production at Santa Rita Villas: 24-Unit First Phase Targets $7.6 Million in Gross Revenue\r\n \r\n \r\n\r\n\r\nTorreon Group Initiates Full-Scale Production at Santa Rita Villas: 24-Unit First Phase Targets $7.6 Million in Gross Revenue\r\n\r\n\r\n\r\n\r\n\r\nSAHUARITA, Ariz., March 05, 2026 (GLOBE NEWSWIRE) -- Torreon Group, Inc. (OTCID: NXTN) today announced that ABOA Development has commenced full-scale production construction at its Santa Rita Villas townhome development in Sahuarita, Arizona, marking a critical transition from prototype validation to volume manufacturing of residential units across 46 build-ready lots. Following the successful $1.65 million sale of five prototype townhomes under a master contract for 51 total units, the company has mobilized engineering, excavation, and construction resources to begin the first production phase of 24 townhomes on Pendlebury Avenue, representing approximately $7.6 million in projected gross revenue. \"The prototype phase proved market demand and validated our construction efficiency. Now we're executing at scale,\" said Garrett Reincke, President of Torreon Group. \"Moving 24 units into simultaneous production demonstrates our ability to capitalize on the strong buyer interest we've secured, while the 46-lot infrastructure positions us for sustained construction momentum throughout 2026.\" Production Infrastructure Mobilized ABOA Development has assembled a complete production team of established Southern Arizona contractors: Engineering and site preparation: Meridian Surveying and Development, Inc., a Tucson-based multi-disciplinary firm, is completing lot elevation staking and four-point surveys for the first 24 build pads. Excavation and grading: R.W. Strunk Excavating, Inc. has equipment on-site performing AB material placement and dirt compaction to finished lot elevations. General contracting: Innovative Concepts, a Tucson-based residential and commercial contractor with 38 years of experience, will be filed as general contractor with the Town of Sahuarita. The company is completing required community development standards including recreational facilities, landscaping, and signage to enable permit requests. The approval package will be submitted next week, with initial building permits requested for the first ten ...