PUEBLO, CO, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Sprout Tiny Homes (OTC PINK: STHI), has inked a $26M contract with Texas Site Development, LLC and Tiny Dwelling Co. for up to 275 tiny homes to be purchased and installed at two tiny home communities in the Austin, Texas area. The initial development is Constellation ATX, a tiny home community located just 10 miles south of downtown Austin, TX scheduled to open the Spring of 2018. As part of the agreement, Tiny Dwelling Co. is an authorized dealer for Sprout Tiny Homes and will offer several Sprout models for sale to clients that can locate their home at Constellation ATX (www.constellationatx.com) or a second community to open later in 2018 in the Kyle, TX area. Both tiny home communities are being developed by Texas Site Development, LLC. Constellation ATX will offer a variety of amenities including a clubhouse, on site laundry, natural swimming pool, professionally landscaped parks and common areas with many options for grocery, eating out, coffee shops and nightlife just a short walk or bike ride away. The property will feature many outdoor sitting areas featuring natural gas BBQs, picnic tables, and fire pits designed by award winning landscape architecture firm, Mark Word Design, known for work done at Hotel San Jose and Hotel St. Cecilia.
The contract for the tiny homes anticipates deployment of the roughly 275 homes over the next 30 months beginning Q1, 2018. As an authorized dealer for Sprout, Tiny Dwelling Co. will offer several home models that have been designed with luxury living and energy efficiency in mind. “We are proud and honored to have been selected for what we believe is the largest tiny home contract in the country to date. The principals at Tiny Dwelling Co. and Texas Site Development, LLC are true visionaries and we are proud to be part of the team.” commented Rod Stambaugh, President of Sprout Tiny Homes. “We will continue to push the limits of modern tiny home design and functionality to expand our leadership position in delivering high quality homes deployed in well planned tiny home communities. The disruption has begun in the affordable housing market”
Sprout has been actively involved in commercial tiny home design and manufacturing of its homes for use in tiny home communities, workforce housing and overnight hotel / resort environments. As housing becomes more and more unaffordable nationwide, Sprout continues to innovate with its home designs and has scaled up its production capability to meet the increasing demand for its homes.
Sprout is working with industry leading developers to identify, design and execute on creating modern and affordable housing communities. Sprout homes have gained a reputation for featuring chemical free interiors, engineered ERV systems to provide fresh air and healthy living environments and can be certified for net zero status making them not only comfortable but cost effective to operate and live in.
About Sprout Tiny Homes:
Sprout Tiny Homes is a leading designer, developer and manufacturer of high-quality, net zero capable tiny homes with chemical free interiors. Sprout homes are built with modern building practices including structural insulated panels resulting in stronger, greener and straighter homes. Sprout focuses exclusively on building commercial grade tiny homes to satisfy the growing demand of affordable housing, live-work communities and overnight hotel / resort markets.
Using sustainable building materials where possible and pushing the boundaries of design and energy efficiency are key attributes of Sprout homes. We manufacture tiny homes on wheels up to 400 sq. ft. and homes on foundations up to 900 sq. ft. of living space. Sprout manufactures its homes in a 45,000 sq. ft. production facility is located in Pueblo, Colorado. For more information on the company, visit http://sprouttinyhomes.com
Safe Harbor Statement: This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Sprout Tiny Homes, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Sprout Tiny Homes, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in our industry.