- Harbor Custom Development Inc (NASDAQ:HCDI) shares are soaring after Kitsap Community Resources waived all contingencies in the sale of Mills Crossing townhomes in Bremerton, Washington.
- Kitsap has also released their $400,0000 of non-refundable earnest money to Harbor.
- Kitsap Community Resources contracted to purchase Mills Crossing for $14.25 million and anticipates closing on or before June 16, 2023.
- Mills Crossing is a 36-unit townhome project located at Washington with two-bedroom, two-bathroom townhome rentals average 1,425 square feet.
- “We are pleased to partner with Kitsap Community Resources on the sale of Mills Crossing, and excited about the chance to provide high-quality, affordable housing to families in Kitsap County,” stated President and CEO Sterling Griffin.
- Price Action: HCDI shares are trading higher at 134.9% at $11.20 on the last check Wednesday.
- Photo Via Company
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