Harbor Custom Development, Inc. Closes 99 Lots in Soundview Estates with Lennar for $9310000

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. Gig Harbor, Washington , May 18, 2021 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on 99 lots totaling $9,310,000 with Lennar Northwest, Inc., a subsidiary of the Lennar Corporation (“Lennar”),  in phase 7 of Soundview Estates located in Bremerton, Washington. Soundview Estates is less than a ten-minute drive to downtown Bremerton, the Seattle Ferry, and the Kitsap Naval Shipyard and can be viewed at:  https://vimeo.com/453127877. “We are thrilled to continue our working relationship with Lennar and anticipate they will continue with their current success of constructing quality single family homes that capture the beauty of this unique setting,” stated Sterling Griffin, President and CEO of Harbor Custom Development, Inc. About Lennar Corporation Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up, and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title, and closing services…
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