Hundreds of homes are headed for fast-growing Georgetown, north of Austin in the five-county Central Texas region..
Aztec Group’s Brell Tarich and Jason Shapiro arranged $33.25 million in construction financing for the first phase of the single-family housing development. Aztec is a real estate investment and merchant banking firm based in Miami.
The builder, Onx Group, is a Texas-based residential developer that uses cutting-edge technology to streamline the pre-construction, manufacturing and assembly process. Through its proprietary construction method — X+ — Onx manufactures individual rooms, bathroom pods, walls and more at offsite production facilities near its housing developments.
In November, Onx leased 400,000 square feet of warehouse space in Georgetown to manufacture components for the homes in that market.
Named Rocking Wilco, the homes are being built with a pioneering form of construction that results in finished homes in turnarounds of less than 60 days, outpacing the conventional industry average of six to nine months, according to Onx Group.