Benzinga | Dec 20, 2021 08:34AM EST

Harbor Custom Development Enters Contract To Purchase 66 Entitled Lots In Poulsbo, Washington For $2.9M

Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))))) ("Harbor," "Harbor Custom Homes(r)," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a contract with Laughlin Development, LLC, for the purchase of 66 undeveloped lots for $2,900,000 in Poulsbo, Washington.

Westry Village is a future 66 - unit townhome site located in College Market Place Northwest, a regional shopping center in Poulsbo, Washington. https://www.westryvillage.com/ Harbor has contracted to purchase the project upon completion of the permitting process and issuance of site plan approval from the city of Poulsbo.

"This acquisition allows Harbor to continue expanding the company's footprint in Kitsap County, where we have had great success. Our objective is to begin vertical construction in Q4 of 2022" stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.