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Harbor Custom Development, Inc. Signs Letter of Intent to Acquire 15 Acres of Land in Stanwood, Washington for $4,590,000
Harbor Custom Development, Inc. Signs Letter of Intent to Acquire 15 Acres of Land in Stanwood, Washington for $4,590,000
HCDI continues to expand multi-family pipeline with potential 175-200 unit garden-style apartment site in North Seattle commuter job market
TACOMA, Wash., Oct. 31, 2022 (GLOBE NEWSWIRE) -- 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 has executed a letter of intent for the acquisition of 15 acres in Stanwood, Washington for $4,590,000.
Located 53 miles north of Seattle in Snohomish County, the Stanwood site is ideally suited for garden-style apartments. The property is conveniently located with easy access to the I-5 corridor, retail services, and approximately 20 minutes from the Cascade Industrial Center, a 4,000-acre manufacturing and industrial zone that is anticipated to add an additional 20,000 family-wage jobs over the next decade. Commencement of construction on the multi-family project is estimated to begin in the first quarter of 2024 following the completion of entitlements.
"We are excited for the opportunity to extend our Western Washington footprint and build our first multi-family project in Snohomish County. The accessibility to the I-5 corridor combined with a one-hour drive to Seattle provides two key metrics for a successful project," stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.
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, sales, and management 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. Harbor is leading the real estate industry as the first national land developer and home builder accepting payment in the form of cryptocurrency for its listed land, developed lots, residential homes, and apartments.
Forward-Looking Statements
Certain 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 Relations
Hanover International
IR@harborcustomdev.com
866-744-0974
HCDI continues to expand multi-family pipeline with potential 175-200 unit garden-style apartment site in North Seattle commuter job market
HCDI继续扩大多户住宅管道,在北西雅图通勤者就业市场潜在175-200套花园式公寓用地
TACOMA, Wash., Oct. 31, 2022 (GLOBE NEWSWIRE) -- 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 has executed a letter of intent for the acquisition of 15 acres in Stanwood, Washington for $4,590,000.
华盛顿州塔科马,2022年10月31日(环球通讯社)港湾定制开发公司。 (纳斯达克:HCDI、HCDIP、HCDIW、HCDIZ)(“港湾”,“港湾定制住宅®”或“公司”),一家创新和市场领先的房地产公司,涉及土地开发周期的方方面面,今天宣布,它已经签署了一份意向书,以4,59万美元收购华盛顿州斯坦伍德的15英亩土地。
Located 53 miles north of Seattle in Snohomish County, the Stanwood site is ideally suited for garden-style apartments. The property is conveniently located with easy access to the I-5 corridor, retail services, and approximately 20 minutes from the Cascade Industrial Center, a 4,000-acre manufacturing and industrial zone that is anticipated to add an additional 20,000 family-wage jobs over the next decade. Commencement of construction on the multi-family project is estimated to begin in the first quarter of 2024 following the completion of entitlements.
"We are excited for the opportunity to extend our Western Washington footprint and build our first multi-family project in Snohomish County. The accessibility to the I-5 corridor combined with a one-hour drive to Seattle provides two key metrics for a successful project," stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc.
斯坦伍德地块位于西雅图以北53英里的斯诺霍米什县,非常适合建造花园式公寓。酒店地理位置便利,可以方便地到达I-5走廊,提供零售服务,距离下跌工业中心约20分钟车程,这是一个占地4,000英亩的制造和工业区,预计未来十年将增加20,000个家庭工资工作岗位。多户项目预计将在津贴完成后于2024年第一季度开始施工。
海港定制开发公司首席执行官兼首席执行官斯特林·格里芬表示:“我们很高兴有机会扩大我们在华盛顿州西部的足迹,并在斯诺霍米什县建造我们的第一个多户项目。I-5走廊的交通便利,加上到西雅图只需一小时的车程,这为一个成功的项目提供了两个关键指标。”
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, sales, and management 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. Harbor is leading the real estate industry as the first national land developer and home builder accepting payment in the form of cryptocurrency for its listed land, developed lots, residential homes, and apartments.
关于港湾定制开发公司
港湾定制开发公司是一家房地产开发公司,参与土地开发周期的方方面面,包括土地收购、权利、项目基础设施建设、住宅和公寓楼建设、营销、销售和管理华盛顿西部普吉特湾地区、加利福尼亚州萨克拉门托、得克萨斯州奥斯汀和佛罗里达州蓬塔戈尔达的各种住宅项目。作为一家土地开发商和公寓和独栋豪宅的建造商,港湾定制开发公司的商业战略是根据对人口增长模式、权利限制、基础设施发展和地缘经济力量的了解,战略性地获得和开发土地。港湾专注于收购风景优美的土地,以开发和销售住宅地块、新住宅社区和多层公寓物业,距离美国增长最快的地铁就业走廊只有20到60分钟的通勤时间。港湾是首家接受以加密货币形式支付上市土地、开发地块、住宅和公寓的全国性土地开发商和住宅建筑商,在房地产行业中处于领先地位。
Forward-Looking Statements
Certain 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.
前瞻性陈述
本新闻稿中的某些陈述构成联邦证券法所指的“前瞻性陈述”。“可能”、“可能”、“应该”、“相信”、“预期”、“预期”、“估计”、“继续”、“预测”、“预测”、“项目”、“计划”、“打算”或类似的表述,或有关意图、信念或当前预期的陈述,均为前瞻性表述。这些前瞻性陈述是基于当前的估计和假设。虽然公司相信这些前瞻性陈述是合理的,但不应过度依赖任何此类前瞻性陈述,这些前瞻性陈述是基于我们在本新闻稿发布之日获得的信息。这些前瞻性陈述会受到各种风险和不确定因素的影响,包括但不限于公司提交给证券交易委员会的文件中所述的风险和不确定因素。因此,实际结果可能会有很大不同。除法律要求外,公司明确不承担任何因新信息、未来事件或其他原因而更新或更改陈述的义务。
Investor Relations
Hanover International
IR@harborcustomdev.com
866-744-0974
投资者关系
汉诺威国际
邮箱:ir@harborCustomDev.com
866-744-0974
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
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