Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has closed the sale of the Mills Crossing townhomes in Bremerton, Washington for $14.25 million to Kitsap Community Resources.
The real estate development company said Mills Crossing is a 36-unit townhome project located at 1003 Little Haven Lane, Bremerton, Washington, one block from the Kitsap Transit Center on Highway 303 in East Bremerton.
“The sale of our first of six multi-family projects is a milestone for the company and a testament to the team’s hard work and dedication,” Harbor Custom Development CEO Sterling Griffin said in a statement.
“We are pleased to partner with Kitsap Community Resources on the sale of Mills Crossing, which provides families in Kitsap County meaningful access to affordable housing,” he added.
Kitsap Community Resources and its Housing division serve the needs of families and individuals in Kitsap County who are homeless, or at risk of becoming homeless, by providing services to help prevent eviction, find affordable housing options, and help stabilize families in crisis situations, according to the company.
Harbor Custom Development is a real estate development company involved in all aspects of the land development cycle, including land acquisition, entitlements, construction of project infrastructure, home and apartment building, marketing, and sales of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas and Punta Gorda, Florida.
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