Nashville, TN, Feb. 28, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- LIG Assets, Inc. (OTC PINK: LIGA) (also known as the "Leader in Green Assets" or "LIGA") announces that on February 19, 2019 the Nashville City Council along with the Planning and Zoning Committee approved the change in zoning for LIGA’s “Bella Serra” development in Brentwood, Tennessee. Formerly the property was zoned AR2a but has now been re-zoned as RS10 and RM4 permitting a denser build out. With this change we will now be implementing our announced plans for the building of condos and single-family homes.
LIG Assets President Marvin Baker stated, “We appreciate the thoughtful and exhaustive review of the City Council. These efforts afford LIGA the opportunity to bring to the community a truly landmark sustainable development whose aesthetic beauty will be a true asset to the community. The approval of re-zoning also adds substantial value to this important LIG Assets.” LIG Assets’ management has been fielding multiple calls from potential financing partners who are presenting far superior terms that will help expedite the development and improve the profit margins for the Company.
As previously reported the projected gross sales for Bella Serra are anticipated to reach $52,470,000 upon build out of the property. The current Phase One site plan will include 90 residential units total with 10 luxury single-family homes and 80 multi-family “Lifestyle Condos.” The condo/luxury home mix in the current plan may be modified to optimize the development goals. LIGA will be finalizing the site plan to maximize the Bella Serra development for the greatest benefit of the company and our shareholders.
Chairman Aric Simons added, “The re-zoning for Bella Serra is an important step forward to achieving our corporate mission of bringing sustainable, beautiful residences to the community at a market competitive price point. We shall continue to prove that sustainable building is better for families, the environment and is good business. The management of LIGA believes we have the best shareholder base for any public company on the market; we aim to reward the loyalty and enthusiasm of our investors with exponential ROI and a company each can be proud to hold in their portfolio.
Bella Serra – Brentwood, Tennessee:
A Luxury Mediterranean hillside resort development offering the variety of custom single-family homes and the simplistic lifestyle living of condominium villas for the most discerning buyers of luxury living at its finest. The most unique feature of these homes will be the green sustainability factor built with consideration of the environment in mind. A high quality luxury resort lifestyle community with wellness in mind while reducing carbon emissions and energy consumption to improve our quality of life. Derived from the Latin/Italian influence Bella meaning beautiful and Serra meaning views from a high place or high ridge as our community rests at one of the highest peaks in Brentwood with our ridgeline facing south into Brentwood/Franklin and the lower lined development facing toward Nashville.
Bella Serra is a concept development using sustainable building products brought to us by well-known Environmentalist Robert Plarr. Bella Serra will be Nashville and Middle Tennessee’s first fully sustainable community. A new approach to residential build application using light gauge steel framing versus wood framing with our high-quality magnesium oxide panels where the combination creates a sustainable structure resistant to 185 mph winds, water and mold resistant, fire resistant to 3500 degrees with a burn rate of 5 hours before the material begins to breakdown.
About LIGA Homes:
LIGA Homes unique residential and commercial developments utilize specially designed and manufactured recycled "element resistant" steel framing, in addition to toxic free magnesium oxide building materials and panels that are 100% mold, fungus, termite and rot resistant and fire resistant against temperatures up to 3500 degrees Fahrenheit as well as famed environmentalist Robert Plarr's exclusive "maximum rated" R-60 insulation -- combining to create disaster resistant materials and structures that can withstand up to a 7.5 magnitude earthquake and sustained gale force winds up to 175 MPH while negating damage caused by rain and flood exposure. With the addition of Plarr's green and renewable systems and products, LIGA Homes is now capable of providing affordable, fully sustainable and disaster resistant living environments – LIGA Homes is at the forefront of this new and improved direction for the green, sustainable and construction sectors.
For more information about LIGA Homes visit - www.LIGAHomes.com or contact the Company directly at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA".
LIGA Homes in association with the Company’s other wholly-owned subsidiary, LIG Developments, LLC., a steel framing manufacturing and design entity incorporated under the LIG Assets corporate umbrella will fast track LIGA Homes’ development as an emerging pioneer in the green and renewable energy sectors having successfully created the world’s first earthquake, flood, hurricane and fire resistant homes and structures that are 100% fully sustainable and disaster resistant – from individual green systems and homes to fully sustainable communities and commercial centers - completely revolutionizing the sustainable and renewable construction movement forever!
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments Please visit the Company's website at www.LeaderInGreenAssets.com -- also follow LIGA at Twitter.com/LIGAssets.