AUSTIN, Texas --- Avalonpark Texas LP, a joint venture that includes Florida-based Avalon Park Group, was recently awarded a $2.2 million development loan from Urban Trust Bank in Lake Mary, Fla. To fund development of 109 home sites at The Springs of Walnut Creek in North Austin.
Beat Kahli, who heads Avalon Park Group in Orlando, said David Weekley Homes has contracted to acquire 109 of the 151 home sites, and construction of the home sites will get underway this month.
Richard Kunz, principal and project director who heads Avalonpark Texas LP, said David Weekly Homes plans to start construction of new single family homes priced from the high $100s to the low $200s in the next 90 to 120 days.
The Springs of Walnut Creek is located near I-35 and Yager Lane in North Austin.
Avalon Park Group developed the 1,860 acre Avalon Park, an award-winning community of more than 1,500 homes in east Orlando and New River Township, an 1,800 acre master planned community north of Tampa in Pasco County.
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For more information contact: Beat Kahli, CEO Avalon Park Group / Avalonpark Texas, L.P. 407-658-6565; Richard Kunz, Principal Avalonpark Texas, L.P. 512-695 3356 rkavalonaustin@aol.com; Eric Marks, Vice President, Avalon Park Group 407-658-6565, ericm@avalonparkgroup.com; Stephanie Hodson, Marketing Director, Avalon Park Group 407-658-6565
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