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Kidder Mathews Lists $278M of Puget Sound Development Projects
Harbor Custom Development, Inc. has listed six Western Washington apartment projects totaling 734 units for a combined value of $278 million with Kidder Mathews. Currently in various stages of construction, the projects are expected to sell upon completion over the next 24 months.
“Rental rates continue to escalate at unprecedented levels driving up project apartment values as demand for multifamily housing exceeds the limited supply in the Puget Sound Region of Western Washington, said Sterling Griffin, president and CEO of Harbor.
Added Austin Kelley, SVP at Kidder Mathews, “The Puget Sound Region apartment market and specifically the Seattle, Tacoma MSA continue to outperform the majority of the country.”
The portfolio includes the following:
- Mills Crossing (Townhomes), Bremerton – (36 units)
- Belfair View, Belfair – (228 units)
- Wyndstone, Yelm – (75 units)
- Tanglewilde, Lacey – (177 units)
- Pacific Ridge, Tacoma – (80 units)
- Bridgeview Trails, Port Orchard – (138 units)
- ◦Sale/Acquisition
- ◦Development
