Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing its Meadowscape apartments in Olympia, Washington.
The Tacoma, Washington-based real estate company noted that the complex broke ground in September 2021, and it anticipates the project to be complete in the fourth quarter of 2023.
“We are excited to announce the commencement of leasing at our new 177-unit complex, Meadowscape apartments, in Olympia, Washington,” Harbor Custom interim CEO Jeff Habersetzer said in a statement.
“Meadowscape is our fifth multi-family project to begin leasing, and after selling our smallest project Mills Crossing in June, we look forward to further executing our stated business objectives as it relates to Meadowscape and our other multi-family assets.”
Harbor Custom noted that the project comprises ten three-story buildings with floorplans that include 450 square foot studios, 728 square foot one-bedroom, one-bathroom, 966 square foot two-bedroom, one-bathroom, and 1,122 square foot two-bedroom, two-bathroom rental units.
The community has convenient access to Interstate 5, is located approximately 7 miles from Washington state’s capital of Olympia, and is less than 15 miles from Joint Base Lewis-McChord near Lakewood. JBLM is a major US military installation with an active population of nearly 210,000 inhabitants, making it the fourth largest military installment worldwide by population.
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.
Contact the author at stephen.gunnion@proactiveinvestors.com