Gig Harbor, Washington , Sept. 09, 2021 (World NEWSWIRE) — Harbor Personalized Advancement, Inc. (NASDAQ: HCDI, HCDIP, HCDIW) (“Harbor,” “Harbor Custom made Homes®,” or the “Company”), an progressive and market primary genuine estate enterprise associated in all elements of the land improvement cycle, currently introduced that it has shut the acquisition of approximately 2.34 acres of land for the design of 112 senior condominium models in Burien, Washington for $2,600,000. In the coronary heart of Western Washington’s Puget Sound Region, Burien, positioned in King County, is considerably less than a 15 moment commute to downtown Seattle and 30 minutes to Tacoma. The Mira Condominiums will cater to the 55+ age demographic and will be preferably suited for retiring personnel from King County which has the company headquarters of Amazon, Microsoft, Costco, Starbucks, Nordstrom’s, Weyerhaeuser, PACCAR, Expedia, and Alaska Airways, amongst other folks. Boeing no longer maintains its company headquarters in the Seattle location but does have close to 58,000 employees in Washington Point out, the the greater part of whom are situated in the Puget Sound region. Harbor anticipates the Studio, 1 and 2 Bedroom senior condominium models will be priced amongst $395,000 and $495,000 and fill a substantial need in the community marketplace. Property prices climbed 25% yr above calendar year and the median offering selling price of a dwelling in King County in accordance to S&P CoreLogic Circumstance-Shiller Household Price tag Index produced August 31, 2021, was $871,000.
Sterling Griffin, President and CEO of Harbor, stated, “Burien represents an great site for Harbor Customized Homes® to enter the 55+ Senior Housing Current market and tackle the considerable have to have for very affordable senior housing in King County. As dwelling selling prices continue to escalate owing to record low stock degrees, seniors on fastened incomes are pressured to sell their residences as taxes and the fees of retaining their assets escalate at unprecedented degrees.” “We are right addressing a elementary want in the market and imagine providing 55+ senior condominiums priced under $400,000 in Burien serves an vital group require when providing an great expansion chance for the Organization,” said Jeff Habersetzer, Main Operating Officer at Harbor.
About Harbor Personalized Growth, Inc.
Harbor Personalized Development, Inc. is a genuine estate improvement firm involved in all factors of the land growth cycle like land acquisition, entitlements, construction of challenge infrastructure, home developing, internet marketing, sales, and administration of many residential initiatives in Western Washington’s Puget Sound region Sacramento, California and Austin, Texas. Harbor has lively or not too long ago bought-out household communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, Belfair, Allyn, Port Orchard, and Blaine in the condition of Washington. In addition, Harbor has obtained land and will begin setting up properties in three new marketplaces. In the Sacramento metro marketplace, Harbor will be constructing households in done subdivisions in equally Rocklin and Auburn, California. In the Austin metro marketplace, Harbor has obtained made good deal inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. The Corporation not long ago obtained home in Punta Gorda, Florida, and plans to start development of oceanfront condominiums there in 2022. Harbor Tailor made Development’s small business method is to get and establish land strategically, based on an comprehension of inhabitants advancement styles, entitlement limitations, infrastructure enhancement, and geo-financial forces. Harbor focuses on authentic estate in just target markets with easy access to metropolitan regions that are usually characterized by diverse financial and work bases and raising populations. For extra information and facts on Harbor Custom made Improvement, Inc., you should stop by www.harborcustomdev.com.
Selected statements in this push release represent “forward-looking statements” inside the indicating of the federal securities legal guidelines. Text these as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or comparable expressions, or statements about intent, belief, or latest expectations, are forward-hunting statements. These ahead-wanting statements are based on present estimates and assumptions. Whilst the Business thinks these ahead-on the lookout statements are sensible, undue reliance must not be placed on any this kind of forward-searching statements, which are centered on information available to us on the date of this release. These forward-wanting statements are subject matter to different risks and uncertainties, including devoid of limitation those people set forth in the Company’s filings with the Securities and Exchange Fee. So, real outcomes could be materially distinct. The Company expressly disclaims any obligation to update or alter statements whether as a end result of new information and facts, foreseeable future activities or if not, besides as expected by regulation.
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