Gig Harbor, Washington , Sept. 09, 2021 (World NEWSWIRE) — Harbor Personalized Enhancement, Inc. (NASDAQ: HCDI, HCDIP, HCDIW) (“Harbor,” “Harbor Customized Homes®,” or the “Company”), an progressive and marketplace top real estate enterprise included in all areas of the land improvement cycle, now introduced that it has shut the acquisition of somewhere around 2.34 acres of land for the design of 112 senior condominium units in Burien, Washington for $2,600,000. In the coronary heart of Western Washington’s Puget Audio Location, Burien, positioned in King County, is 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 ideally suited for retiring workforce from King County which contains the corporate headquarters of Amazon, Microsoft, Costco, Starbucks, Nordstrom’s, Weyerhaeuser, PACCAR, Expedia, and Alaska Airlines, amid some others. Boeing no for a longer time maintains its corporate headquarters in the Seattle area but does have somewhere around 58,000 personnel in Washington Condition, the vast majority of whom are situated in the Puget Audio region. Harbor anticipates the Studio, 1 and 2 Bedroom senior condominium models will be priced concerning $395,000 and $495,000 and fill a sizeable have to have in the community marketplace. House rates climbed 25% calendar year in excess of 12 months and the median marketing value of a household in King County in accordance to S&P CoreLogic Case-Shiller Residence Price Index unveiled August 31, 2021, was $871,000.
Sterling Griffin, President and CEO of Harbor, stated, “Burien signifies an excellent area for Harbor Tailor made Homes® to enter the 55+ Senior Housing Marketplace and address the considerable want for economical senior housing in King County. As residence charges continue on to escalate owing to report low inventory levels, seniors on mounted incomes are pressured to offer their households as taxes and the charges of keeping their residence escalate at unprecedented levels.” “We are right addressing a fundamental want in the market and believe offering 55+ senior condominiums priced beneath $400,000 in Burien serves an crucial local community require although delivering an exceptional progress chance for the Business,” mentioned Jeff Habersetzer, Chief Working Officer at Harbor.
About Harbor Tailor made Growth, Inc.
Harbor Personalized Advancement, Inc. is a true estate development business associated in all areas of the land growth cycle which include land acquisition, entitlements, design of project infrastructure, residence making, marketing, product sales, and management of a variety of residential tasks in Western Washington’s Puget Sound area Sacramento, California and Austin, Texas. Harbor has active or not too long ago sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, Belfair, Allyn, Port Orchard, and Blaine in the point out of Washington. In addition, Harbor has obtained land and will start off setting up properties in three new marketplaces. In the Sacramento metro sector, Harbor will be setting up residences in accomplished subdivisions in both equally Rocklin and Auburn, California. In the Austin metro market, Harbor has obtained formulated great deal stock in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. The Enterprise just lately acquired residence in Punta Gorda, Florida, and designs to get started development of oceanfront condominiums there in 2022. Harbor Personalized Development’s company strategy is to acquire and establish land strategically, based mostly on an comprehending of populace advancement styles, entitlement restrictions, infrastructure advancement, and geo-financial forces. Harbor focuses on real estate in just focus on markets with effortless obtain to metropolitan areas that are frequently characterized by various economic and employment bases and escalating populations. For far more info on Harbor Personalized Advancement, Inc., you should take a look at www.harborcustomdev.com.
Specific statements in this push launch constitute “forward-searching statements” within the this means of the federal securities laws. Words and phrases this sort of as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements relating to intent, belief, or recent expectations, are ahead-on the lookout statements. These ahead-hunting statements are dependent on present estimates and assumptions. While the Corporation thinks these ahead-wanting statements are realistic, undue reliance should not be positioned on any this kind of forward-on the lookout statements, which are dependent on data out there to us on the day of this release. These forward-on the lookout statements are matter to a variety of challenges and uncertainties, together with with no limitation those set forth in the Company’s filings with the Securities and Trade Fee. So, actual final results could be materially different. The Company expressly disclaims any obligation to update or change statements whether or not as a end result of new data, upcoming activities or in any other case, except as demanded by regulation.
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