Harbor Custom Development Inc announced that buyer Kitsap Community Resources waived all contingencies in the sale of Mills Crossing townhomes in Bremerton, Washington.
Kitsap contracted to purchase Mills Crossing for $14.25 million and anticipates closing on or before June 16, the company said. In taking this step, Kitsap released its $400,0000 of non-refundable earnest money to Harbor.
“We are pleased to partner with Kitsap Community Resources on the sale of Mills Crossing, and excited about the chance to provide high-quality, affordable housing to families in Kitsap County,” Harobr CEO Sterling Griffin said in a statement.
Mills Crossing is a 36-unit townhome project located one block from the Kitsap Transit Center on Highway 303 in East Bremerton. Tenants have access to downtown Bremerton amenities, including local shopping, farmer’s markets, waterfront parks, community restaurants, Olympic College and convenient ferry service to Seattle, the company said. The two-bedroom, two-bathroom townhome rentals average 1,425 square feet.
Harbor is involved in all aspects of land development, including acquisition, entitlements, construction, home building, marketing, and managing projects. The firm is focused on Western Washington's Puget Sound region, Sacramento in California, Austin in Texas, and Punta Gorda in Florida.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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