Business
Sprout Closes on Phase 1A of North Vista Highlands - A Zero Energy Ready Residential Community in Pueblo Colorado
Sprout Closes on Phase 1A of North Vista Highlands - A Zero Energy Ready Residential Community in Pueblo Colorado.
About this update from Sprout Tiny Homes, Inc.
[{"type":"text","content":"PUEBLO, CO / ACCESSWIRE / February 20, 2019 / Sprout Tiny Homes, Inc. (OTC PINK: STHI), an industry leader in designing, manufacturing, and developing state-of-the-art Zero Energy ready homes announced today that it has successfully closed on the purchase of Phase 1A totaling 54.13 acres of land in North Vista Highlands, a new zero energy ready residential community in Pueblo, Colorado. North Vista Highlands is a 4850 home master planned community with the first 750 homes designated as zero energy ready homes.The Phase 1A purchase includes an approved site plan totaling 162 lots for single family homes, town homes, and commercial mixed use residential units. "This milestone represents a strategic and diversified revenue opportunity in our business model from being a home manufacturer to a full scale developer through lot and home sales," stated Rod Stambaugh, President of Sprout. "We believe and interest is confirming that modern, zero energy ready, chemical free homes in a $250-290k price range will appeal a wide homebuyer market. We are excited to lead the development of Colorado's first zero energy ready housing development at an affordable price point. We have already received interest from builders, real estate brokers, home buyers and have invited forward thinking builders to join our vision of delivering affordable, zero energy ready homes. The quality, energy efficiency, efficient use of space, adoption of new HVAC technology and home automation will establish a high bar as our next generation of affordable housing debuts in Pueblo, Colorado."Pueblo is well positioned as the next rapid growth area of Colorado with a moderate climate, plenty of water for growth, growing colleges, excellent healthcare and a favorable economic climate for Companies wanting to establish a Colorado presence. Sprout relocated to Pueblo in June of 2018 to expand its manufacturing operations. North Vista Highlands represents a vision Sprout has been advocating to deliver the next evolution in housing in a growth area that is affordable and can serve as a scalable model for the entire nation. Sprout homes check the boxes of an affordable price point, high-quality, healthy living with home automation and zero energy ready status.About Sprout Tiny Homes:Sprout Tiny Homes is a leading designer, developer and manufacturer of high-...