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TACOMA, Wash., Dec. 5, 2022 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Index: HCDI, HCDIP, HCDIV, HCDIZ) (“Harbor”, “Harbor Custom Homes®” or the “Company”)an innovative and market-leading real estate company involved in all aspects of the land development cycle, today announced that it is now leasing apartments in Belfair, Washington.
Belfair View Apartments consists of 11 three-story, one- and two-bedroom rental buildings approximately 20 minutes from downtown Bremerton amenities, including the Seattle – Bremerton Ferry Terminal, Naval Base Bremerton, Puget Sound Naval Shipyard and approximately 10 minutes from Amazon’s fulfillment warehouse in Bremerton. The 228-unit complex includes a carport and on-site uncovered parking, a recreation building, an outdoor pool and panoramic views of Hood Canal and the Olympic Mountains.
The project broke ground in March 2021 and opened to renters in mid-November 2022, with units ranging from 665 to 915 square feet and rental rates from $1,695 to $2,095 per month. The planned completion of the project is scheduled for the fourth quarter of 2023.
“We are pleased to introduce Harbor’s newest apartment project to the Belfair community.” We chose this location based on the significant shortage of rental apartments in Belfair and its unique location that offers stunning views, close access to Highway 3, and is close to shopping and other retail amenities. The project fits perfectly with our business strategy because of the community’s proximity to employment opportunities and local amenities,” said Jeff Habersetzer, CEO of Harbor Custom Development, Inc. “Initial rental demand has been very strong, and we expect this to continue as we bring additional buildings online.”
Belfair View Apartments offers spacious one, one and two bedroom apartment units with two bathrooms with quartz countertops, contemporary LVP wood floors in the kitchen, living rooms and bathrooms, stainless steel kitchen appliances, full size washing machine. and dryers in units, and vaulted ceilings in units on the third floor of each building. Renters have access to the recreation building’s amenities, including a fitness center, outdoor pool, outdoor grill and cooking station, playground, package lockers for incoming mail packages, and gathering space for social events.
The community is one of six Harbor Custom Development, Inc. projects listed by Kidder Mathews earlier this year, including Pacific Ridge in Tacoma, 80 units; Meadowscape in Lacey, 177 units; Bridgeview Trails in Port Orchard, 138 units; Windstone in Jelm, 76 units; and Mills Crossing in Bremerton, 36 units.
Belfair View Apartments is located at 81 NE Ridge Point Blvd, Belfair, VA 98528, along SR 3 in Mason County. For more information on the lease and the first month of free building material rental, visit HarborCustomDev.com or call (253) 392-4525.
Belfair View Apartments are now available for tours with rents starting at $1,695 per month.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle, including land acquisition, title, construction of project infrastructure, homes and condominiums, marketing and sales of various residential projects in Western Washington and the Puget Sound region; Sacramento, California; Austin, Texas and Punta Gorda, Florida. As a land developer and developer of condos and luxury single-family homes, Harbor Custom Development’s business strategy is to acquire and develop land strategically based on an understanding of population growth patterns, entitlement constraints, infrastructure development and geo-economic forces. Harbor focuses on acquiring scenic land for the development and sale of residential lots, new homes and multi-story apartments within a 20 to 60 minute drive of the nation’s fastest growing metro employment corridors. Harbor is leading the real estate industry as the first national investor and developer to accept cryptocurrency payments for its land, built lots, residential homes and apartments.
Forward-looking statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “could,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “anticipate,” “anticipate,” “project,” ” plan,” “intends” or similar expressions, or statements regarding intent, belief or current expectations, are forward-looking statements. These forward-looking statements are based on current estimates and assumptions. Although the Company believes that these statements about future reasonable, you should not place undue reliance on such forward-looking statements, which are based on information available to us as of the date of this release.These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Therefore, actual results could be materially different. The Company expressly disclaims any obligation to update or change any statements whether as a result of new information, future events or otherwise, except in accordance with law.
investor relations
Hanover International
IR@harborcustomdev.com
866-744-0974
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