Turnkey Ventures announces Modular Home Manufacturing Plant in Roswell

Turnkey Ventures announces Modular Home Manufacturing Plant in Roswell Main Photo

8 Feb 2024


Turnkey Ventures announces Modular Home Manufacturing Plant in Roswell

Roswell, NM — Starting this year, Turnkey Ventures will establish a modular home manufacturing plant at 42 W. Earl Cummings Loop near the Roswell Air Center. This site—being the location of the old Millennium Transit Services building—will be the new home for Turnkey’s unique assembly line process using cutting edge technologies. Their lean approach modular home building employs flexibility and reuse within the factory leaving virtually zero waste during the fabrication process. Turnkey Ventures has plans to market and construct several of these new affordable homes in the Roswell area. Additionally, they plan to work with the nearby Eastern New Mexico University – Roswell (ENMU-R) to develop multiple vocational training pipelines that will correspond to their emerging workforce needs.

This new plant, based in Roswell, New Mexico, will create an estimated 330 jobs over the next several years with about $12 million in capital investment.

Mike Espiritu, President and CEO of the Roswell-Chaves County Economic Development Corporation said, "We are excited for Turnkey Ventures and their plans for transforming the long vacant bus plant into a thriving and bustling manufacturing center for their modular homes. Their investment and new job creation will help strength our local economy and provide new opportunities for our community. We fully support their efforts and look forward to a long business relationship."

The New Mexico Economic Development Department (EDD) has granted $400,000 of assistance from the Local Economic Development Act (LEDA) to Turnkey Ventures.

Turnkey Ventures is an Austin, TX based real estate company with expertise in acquisitions, development, and private equity. With over $100 million in completed projects, Turnkey Ventures maintains a robust portfolio full of synergistic businesses, acquisitions, and ground-up development.

For further information and inquiries, please contact:
Mike Espiritu, RCCEDC President & CEO, 575-622-1975, mike@chavescounty.net