{"id":457296,"date":"2021-03-15T07:03:18","date_gmt":"2021-03-15T11:03:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457296"},"modified":"2021-03-15T07:03:18","modified_gmt":"2021-03-15T11:03:18","slug":"harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/","title":{"rendered":"Harbor Custom Development, Inc. Contracts to Acquire  Land in Sacramento Metro Housing Market for $6,850,000."},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Gig Harbor, Washington , March  15, 2021  (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 55 undeveloped lots in a gated community in Loomis, California for $6,850,000. \u00a0<\/p>\n<p align=\"justify\">Located 28 miles from downtown Sacramento, the subdivision will offer single family homes ranging in size from 2,500 to 3,000 square feet and currently estimated to be priced from $1,000,000 to $1,300,000. \u00a0Situated adjacent to the Indian Creek Country Club (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LU-sWFwC66i-_wBC0S-eN5uArolmUclYLpxWOxeoTV008p6rjb1HsSd95Bjyn2twNecycurHKSrUf1nYVVRvqRtv0EzflrOyiTojiKg5OOU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>http:\/\/golfindiancreek.com\/<\/u><\/a>), the community will offer future homeowners the opportunity for convenient access to the public golf course. Harbor Custom Homes\u00ae anticipates commencing site development activities beginning the first quarter of 2022 followed by single family home construction in the 4<sup>th<\/sup> quarter of 2022. <\/p>\n<p align=\"justify\">\u201cAdding the Loomis 55 lot subdivision to our portfolio, increases our Sacramento Metro Area footprint and meets our stated objective of providing residential housing that is a 30 to 60-minute commute to the urban job corridor.\u00a0 Urban flight from the Bay Area and Silicon Valley to less populated bedroom communities like Loomis provides for a steady stream of buyers looking for larger housing that can provide home office space, exercise and flex rooms, secure play areas for children and pets, and easy access to outdoor recreational activities,\u201d stated Sterling Griffin, President and CEO of Harbor Custom Homes. \u00a0<\/p>\n<p>\n        <strong>About Harbor Custom Development, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">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 building, marketing, sales, and management of various residential projects in Western Washington\u2019s Puget Sound region, California, and Texas.\u00a0 Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington.\u00a0 In addition, Harbor has acquired land and plans to begin constructing homes in the two new markets of the Darkhorse Golf Course community, located approximately 50 miles northeast of Sacramento in Auburn, California, and two established subdivisions located approximately 22 miles from Austin, in Driftwood and Dripping Springs, Texas, beginning in the second quarter of 2021.\u00a0 Harbor Custom Development\u2019s 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 real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations.\u00a0 For more information on Harbor Custom Development, Inc., please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=V2Yus6lLocxTtPpOlf1Yqkwf-1jwJWZpqX9py5scuUU-lJgbi4qv9dXCnL81d1HyICqdynFPwSz_g3s14cIj6-ixM2LBX9r5O1EQllB-LZI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.harborcustomdev.com<\/u><\/a><u>.<\/u><\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements in this press release constitute \u201cforward-looking statements\u201d within the meaning of the federal securities laws. \u00a0Words such as \u201cmay,\u201d \u201cmight,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cpredict,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend\u201d or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.\u00a0 These forward-looking statements are based upon current estimates and assumptions.\u00a0 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.\u00a0 These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company\u2019s filings with the Securities and Exchange Commission.\u00a0 Thus, actual results could be materially different.\u00a0 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.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTg3NiM0MDYzODE1IzUwMDA3MzA2OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1759ad33-d59a-4840-a8bd-ce573fcc67af\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Investor Relations\r\nHanover International\r\nIR@harborcustomdev.com\r\n866-744-0974 \r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gig Harbor, Washington , March 15, 2021 (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 55 undeveloped lots in a gated community in Loomis, California for $6,850,000. \u00a0 Located 28 miles from downtown Sacramento, the subdivision will offer single family homes ranging in size from 2,500 to 3,000 square feet and currently estimated to be priced from $1,000,000 to $1,300,000. \u00a0Situated adjacent to the Indian Creek Country Club (http:\/\/golfindiancreek.com\/), the community will offer future homeowners the opportunity for convenient access to the public golf course. Harbor Custom &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Harbor Custom Development, Inc. Contracts to Acquire  Land in Sacramento Metro Housing Market for $6,850,000.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-457296","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Harbor Custom Development, Inc. Contracts to Acquire Land in Sacramento Metro Housing Market for $6,850,000. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harbor Custom Development, Inc. Contracts to Acquire Land in Sacramento Metro Housing Market for $6,850,000. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gig Harbor, Washington , March 15, 2021 (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 55 undeveloped lots in a gated community in Loomis, California for $6,850,000. \u00a0 Located 28 miles from downtown Sacramento, the subdivision will offer single family homes ranging in size from 2,500 to 3,000 square feet and currently estimated to be priced from $1,000,000 to $1,300,000. \u00a0Situated adjacent to the Indian Creek Country Club (http:\/\/golfindiancreek.com\/), the community will offer future homeowners the opportunity for convenient access to the public golf course. Harbor Custom &hellip; Continue reading &quot;Harbor Custom Development, Inc. 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Contracts to Acquire Land in Sacramento Metro Housing Market for $6,850,000.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-15T11:03:18+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4OTg3NiM0MDYzODE1IzUwMDA3MzA2OQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-contracts-to-acquire-land-in-sacramento-metro-housing-market-for-6850000\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Harbor Custom Development, Inc. 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