Harbor Custom Development, Inc. Now Leasing Wyndstone Apartments in Yelm, WA
January 18 2023 - 10:18AM
Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ)
("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative
and market leading real estate company involved in all aspects of
the land development cycle, today announced it is now leasing
apartments in Yelm, Washington.
Wyndstone Apartments are comprised of four
three-story buildings, including four floorplans consisting of
one-bed, one-bath, and two-bed, two-bath, and three-bed, two-bath,
and two-bed, two-bath apartment units featuring an upstairs bonus
room. The 76-unit complex is conveniently located approximately 20
miles between Washington State’s capital of Olympia and Joint Base
Lewis-McChord near Lakewood. JBLM is a major U.S. military
installation with an active population of nearly 210,000
inhabitants, making it the fourth largest military installment
worldwide by population.
The project’s construction began in February
2022 and available to tenants in mid-January 2023, offering six
months to one-year leasing options. Wyndstone Apartment units range
from 790 square feet to 1,451 square feet, with rent rates starting
at $1,745 to $2,250 a month. The estimated completion of the entire
project is expected for the first quarter of 2023.
“We are excited to introduce Wyndstone
Apartments to the growing community of Yelm. We believe tenants
will find our upgraded finishes and unique flex space in the loft
apartments set us apart from the competition. The lofts offer
tenants the opportunity for additional entertainment space, a
dedicated office, or room for the children to play,” said Jeff
Habersetzer, COO of Harbor Custom Development, Inc. “The initial
interest at Wyndstone has been strong and we anticipate this to
continue as we bring more buildings online.”
Wyndstone Apartments offer comparable finishes
to a new construction home, featuring quartz countertops, stainless
steel kitchen appliances, an in-unit washer and dryer, and premium
flooring. The community offers carports and garages for rent.
Tenants have access to the recreational building amenities,
including a common area with a pool table and kitchenette, an ADA
fitness center on the first level, an additional fitness center
upstairs, and conference room.
The community is one of six projects Harbor Custom Development,
Inc. listed with Kidder Mathews earlier this year, including
Pacific Ridge in Tacoma, 80 units; Meadowscape in Olympia, 177
units; Bridgeview Trails in Port Orchard, 138 units; Belfair View
Apartments in Belfair, 228 units; and Mills Crossing in Bremerton,
36 units.
Wyndstone Apartments are located at 15025 Tahoma Blvd SE, Yelm,
WA 98597, off State Route 510 in Thurston County. For more
information about leasing, visit HarborCustomDev.com or call (253)
344-3331.
Wyndstone Apartments in Yelm feature four
floorplans ranging from 790 square feet to 1,451 square feet and
rent rates starting at $1,745 a month.
About Harbor Custom Development,
Inc.Harbor Custom Development, Inc. 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. As a land developer and builder of apartments, and
single-family luxury homes, Harbor Custom Development's business
strategy is to acquire and develop land strategically based on an
understanding of population growth patterns, entitlement
restrictions, infrastructure development, and geo-economic forces.
Harbor focuses on acquiring land with scenic views to develop and
sell residential lots, new home communities, and multi-story
apartment properties within a 20 to 60-minute commute of the
nation's fastest-growing metro employment corridors.
Forward-Looking
StatementsCertain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "should,"
"believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions. While
the Company believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such
forward-looking statements, which are based on information
available to us on the date of this release. These forward-looking
statements are subject to various risks and uncertainties,
including without limitation those set forth in the Company's
filings with the Securities and Exchange Commission. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
Investor RelationsHanover
InternationalIR@harborcustomdev.com 866-744-0974
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