As promised I am writing the first monthly update for the
project. The contract was signed on July 8th, 2014. Earnest money
were paid to Reliant Title Agency (see attached receipt). Cross Texas Land
Services was appointed to do a land and trees survey and they have completed it
today. William Lawrence Hodge from Ochona Development + Architecture LLC was appointed
as our architect and after numerous meetings and drafts we came up with the
attached draft layout of buildings and units. We will have to have half-level
underground car garages and 3 levels of units above to avoid removing too many
trees. I got a bid from a demolishing company (Southwest Destructors) and the
seller is working on obtaining a demolishing permit.
BPO was completed by Drew Tate confirming my numbers for the
finished product (see attached). I am still working on construction budget, but
my next update will have a full feasibility study.
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