TACOMA, Wash., Aug. 15, 2023 — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), a real estate company involved in all aspects of the land development cycle, announced it is now leasing its Meadowscape apartments in Olympia, Washington.
Meadowscape is comprised of ten three-story buildings with floorplans that include 450 square foot studios, 728 square foot one-bedroom, one-bathroom, 966 square foot two-bedroom, one-bathroom, and 1,122 square foot two-bedroom, two-bathroom rental units. The community has convenient access to I-5, is located approximately 7 miles from Washington state’s capital of Olympia, and is less than 15 miles from Joint Base Lewis-McChord near Lakewood. JBLM is a major U.S. military installation with an active population of nearly 210,000 inhabitants, making it the fourth largest military installment worldwide by population.
The 177-unit complex broke ground in September 2021, and Harbor anticipates the project to be complete in the fourth quarter of 2023.
Residents can easily access local supermarkets and convenience stores, including Safeway, Costco, and Walmart. Additionally, the community is surrounded by outdoor recreation, including the Puget Sound waterfront, several lakes, ten community parks, Saint Martin’s University, and South Puget Sound Community College.
“We are excited to announce the commencement of leasing at our new 177-unit complex, Meadowscape apartments, in Olympia, Washington. Our commitment to quality living continues to resonate with our residents, and we look forward to welcoming more individuals and families into our thriving communities. Meadowscape is our fifth multi-family project to begin leasing, and after selling our smallest project Mills Crossing in June, we look forward to further executing our stated business objectives as it relates to Meadowscape and our other multi-family assets,” said Jeff Habersetzer, Interim Chief Executive Officer of Harbor Custom Development, Inc.
The apartments feature luxury finishes, including stainless steel appliances, quartz countertops with tile backsplashes, full-size in-unit washers and dryers, a private patio or balcony, and premium flooring. The two-bedroom units offer walk-in closets. The community includes a recreational building with a flex space for residents to gather, a fitness center, a smart parcel locker system, a community pool, an outdoor barbecue, a children’s play area, bike stalls, a dog run, and garages and carports for rent.
Meadowscape is one of four multi-family projects currently in lease-up Harbor’s Western Washington portfolio, including the following:
- Pacific Ridge, Tacoma (80 units) – 82% leased.
- Wyndstone, Yelm (76 units) – 96% leased.
- Belfair View, Belfair (228 units) 48% leased in phase one.
- Meadowscape, Olympia (177 units) – Now Leasing.
Meadowscape is located at 7635 3rd Way SE, Olympia, WA 98503. For leasing information, to schedule a tour, or learn about move-in specials, contact the onsite team from Cushman and Wakefield at website or call (253) 579-0787.
Meadowscape Apartments offers studios to two-bedroom rental units starting at $1,550 monthly