{"id":508983,"date":"2021-07-01T12:13:13","date_gmt":"2021-07-01T16:13:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-closes-108-lots-for-17165000-expanding-austin-metro-housing-footprint\/"},"modified":"2021-07-01T12:13:13","modified_gmt":"2021-07-01T16:13:13","slug":"harbor-custom-development-inc-closes-108-lots-for-17165000-expanding-austin-metro-housing-footprint","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-closes-108-lots-for-17165000-expanding-austin-metro-housing-footprint\/","title":{"rendered":"Harbor Custom Development, Inc. Closes 108 Lots for $17,165,000 Expanding Austin Metro Housing Footprint"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Gig Harbor, Washington, July  01, 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 acquired 108 developed single family lots for $17,165,000 in the Summit Rock Golf Course community in Horseshoe Bay, Texas, located approximately 53 miles west of Austin.\u00a0 \u00a0<\/p>\n<p align=\"justify\">Harbor Custom Homes anticipates commencing construction of 4- and 5-bedroom homes on lots ranging from 0.25 to 1.50 acres and expected to be priced from $800,000 to $2,000,000 in the Jack Nicklaus signature, Summit Rock Golf Course community beginning in the 4th quarter of 2021.\u00a0 Summit Rock has been featured as one of Golfweek\u2019s Top 100 courses in the U.S. (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MtDDxNww0mlUIZpnvUNtoRECnsbVCfpwvrv9yKPtPh9wdIud2o8eFwHQf1TJzgZPcBX5jpFgLKEz__g247N1r1ytw5aXmAux8OLrEV7i2B1W6ntCXGCAD1ZnHpK3COmpgY-qJno9_tkvjureO1zdwCNYc4-VOM3bmOGB1N2hX7QtTPNyEv0xg9TUXe542_x5\" rel=\"nofollow noopener\" target=\"_blank\"><u>https:\/\/hsbresortrealty.com\/resort_development\/summit-rock\/<\/u><\/a>). Home buyers in Summit Rock will have the opportunity for membership at the Horseshoe Bay Resort providing access to resort facilities including: three golf courses, multiple club houses, yacht club, lake facilities, and access to a private jet center with a 6,000 foot lighted runway <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3F_LqBEqiozlL9zu9iPVsMWaIPguEcIhlrXCOK0w4oFDsd8i_0vkFpXxrwh7_5snn-3rpXtwKH5azzow5xE_9staHHokcyj3Iom3gv5MOQg=\" rel=\"nofollow noopener\" target=\"_blank\"><u>(clubhsbresort.com)<\/u><\/a><u>.<\/u> Horseshoe Bay has seen rapid growth as a result of Austin\u2019s expanding employment base and the subsequent migration of households to the Lake and Hill Country regions.<\/p>\n<p align=\"justify\">\u201cWe have made a significant commitment to increase our Austin metro marketplace footprint and the acquisition of the 108 Summit Rock Golf Course community lots in Horseshoe Bay, combined with our current and projected inventory, provides a solid foundation for the future. Acquisition of the Horseshoe Bay area lots is a natural progression of our strategy to be a commutable distance to Austin while providing upscale housing in the scenic Lake and Hill Country regions.\u00a0 Urban flight from Austin combined with decreasing inventory in the bedroom and rural communities like Horseshoe Bay offer a great opportunity for our company,\u201d stated Sterling Griffin, President and CEO of Harbor Custom Homes.<\/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; Sacramento, California; and Austin, Texas. Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. In addition, Harbor has acquired land and will begin constructing homes in two new markets. In the Sacramento metro market, Harbor will be constructing homes in completed subdivisions in both Rocklin and Auburn, California. In the Austin metro market, Harbor has acquired developed lot inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. 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.\u00a0 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=VJJBTNG8TceawycknWeRHZZ0izH06IXp_I1vzGAh_seilSc6fMxmOSQ56jCsD1NbP--vjtuzoB3ikD-KCjeFeWrz8kN7m9IrSL9b96b8yDs=\" rel=\"nofollow noopener\" 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=ODI3NDA3NyM0Mjc5Mzk5IzUwMDA3MzA2OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/673c7f28-b739-4bba-8c3d-d292ca99105f\" 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, July 01, 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 acquired 108 developed single family lots for $17,165,000 in the Summit Rock Golf Course community in Horseshoe Bay, Texas, located approximately 53 miles west of Austin.\u00a0 \u00a0 Harbor Custom Homes anticipates commencing construction of 4- and 5-bedroom homes on lots ranging from 0.25 to 1.50 acres and expected to be priced from $800,000 to $2,000,000 in the Jack Nicklaus signature, Summit Rock Golf Course community beginning in the 4th quarter of 2021.\u00a0 Summit Rock has been featured &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-closes-108-lots-for-17165000-expanding-austin-metro-housing-footprint\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Harbor Custom Development, Inc. Closes 108 Lots for $17,165,000 Expanding Austin Metro Housing Footprint&#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-508983","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. Closes 108 Lots for $17,165,000 Expanding Austin Metro Housing Footprint - 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-closes-108-lots-for-17165000-expanding-austin-metro-housing-footprint\/\" \/>\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. Closes 108 Lots for $17,165,000 Expanding Austin Metro Housing Footprint - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gig Harbor, Washington, July 01, 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 acquired 108 developed single family lots for $17,165,000 in the Summit Rock Golf Course community in Horseshoe Bay, Texas, located approximately 53 miles west of Austin.\u00a0 \u00a0 Harbor Custom Homes anticipates commencing construction of 4- and 5-bedroom homes on lots ranging from 0.25 to 1.50 acres and expected to be priced from $800,000 to $2,000,000 in the Jack Nicklaus signature, Summit Rock Golf Course community beginning in the 4th quarter of 2021.\u00a0 Summit Rock has been featured &hellip; Continue reading &quot;Harbor Custom Development, Inc. 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