| Welcome
to the Zeal Building Group.
~We are a unique and innovative development
team that specializes in all aspects of our industry. Our name
comes from our passion and non-stop drive to build and develop
above the standard. Our tireless goal is to provide the most for
our clients as well as our shareholders.
Zeal
Investors, Friends, and Shareholders:First off, I would like to
apologize. Despite our great success, 2004 managed to throw us
a few curve balls (Hurricane Charley, Frances etc...) and I have
not been able to keep current with updates. However, I am pleased
to announce that all of our projects are back on schedule and
we are moving forward with a full steam ahead.
After 12 months
of planning, The Medical Pavilion (on University Drive in Tamarac)
is approved and we are set to break ground in April. One week
after approval we received an offer of 1.6M
for the entire project which will return a 300%
net to our investors . Meetings will be held at my office Monday
the 14th to discuss whether or not we are going to accept
this offer. Please bring all Joint venture and share's documents
to the meeting.
We have sold the Delray
Project on Federal Hwy and have a closing set for
April 1st. Congratulations!
And thanks to our shareholders and investors who will be receiving
a net return of 110%.
Please contact me if you wish to attend this closing
Formula
Units: I
am sold out of Hotel 71 units in Chicago and
I have 1 unit left in South Beach (Crowne
Plaza on Collins Ave) for which the deposit for
this unit is 67K. More units under The Formula will be
ready for purchase within the next month... these Units will be
in Las Vegas and Deposits will range between 40k-80k. Please contact
me for more info regarding these.
Port
St. Lucie: Despite
a delay of a few months, code changes and permitting issues due
to the hurricane are finally resolved and we have broken ground.
Completion of this project should be in the next few months. We
will be having a meeting next month lead by our own shareholder
and director of sales, Kevin Leonard, to discuss re-sale
prices and the correct way to market these hi-end homes, as we
received an offer which we declined of
260K for one of the unfinished homes.
New
Projects:
We are in the negotiation stages for a 58 unit condominium
building in Pompano Beach. If we end up "inking"
this deal, terms will be identical to the Medical Pavilion.
Investors will secure ownership in the land valued at the amount
of the deposit and a guaranteed Minimum ROI
of 75 to
125 percent.
Minimum deposits for this project will be 50k.
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