Harbor Custom Development to Sell Port Orchard Development Site
Harbor Custom Development, Inc., a real estate company involved in all aspects of the land development cycle, has entered into a contract to sell the land and site improvements for the future Bridge View Trail apartments in Port Orchard, WA to a leading, fully integrated global real estate company for $11,000,000.
The anticipated closing of the property would occur on or before June 30, upon the buyer’s satisfaction and waiver of its feasibility contingency.
The planned 138-unit complex will include garden-style apartments on a 9.13-acre site off Harold Dr. SE in Port Orchard. It will be conveniently located approximately 20 minutes from the Southworth and Bremerton ferry terminals, with direct access to the Seattle core job market.
In addition, the property is approximately a 15-minute drive to Naval Base Kitsap, a major contributor to the regional economy with approximately 40,000 employees tied to the military and defense industry.