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Harbor custom development, inc. contracts to sell 144 entitled lots in belfair, wa to lennar for $10,440,000

Gig harbor, washington , july 26, 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 entered into a sales contract with lennar northwest, inc., a subsidiary of the lennar corporation (“lennar”),  for $10,440,000 on 144 entitled lots in olympic ridge located in belfair, washington. harbor custom homes further announced that it has separately contracted with lennar to develop the olympic ridge lots for an additional $10,880,000 bringing the combined contracted value to $21,240,000.
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