Harbor Custom Development, Inc. Continues Texas Expansion in Horseshoe Bay with Wurzel Builders, LTD
01 März 2023 - 3:30PM
Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ)
(“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative
real estate company involved in all aspects of the land development
cycle, today announced it has partnered with Austin based general
contractor, Wurzel Builders, LTD to expand Harbor’s luxury
single-family home division in Horseshoe Bay, Texas.
Harbor anticipates breaking ground with its new
luxury home collection this summer on lots owned by the company in
the Siena Creek and Summit Rock communities of Horseshoe Bay. The
Company has contracted with Wurzel Builders to construct homes
specifically designed to address the needs of the retiring baby
boomer demographic and purchasers of second homes looking for a
resort community offering world-class golf courses, recreational
lake access, and top-of-the-line medical facilities. The
Horseshoe Bay Resort community is located approximately one hour
drive from Austin and less than two hours from San Antonio.
“We are excited to announce our partnership with
Wurzel Builders and believe our targeted demographic is
well-positioned to acquire homes in the current economic cycle.
Together we will move forward constructing quality homes
specifically designed to fit the needs of Horseshoe Bay’s growing
55+ community,” said Sterling Griffin, President and CEO of Harbor
Custom Development, Inc.
Harbor announced its expansion into the Austin
and Horseshoe Bay markets in early 2021. The Company’s unique
business model allows for exceptional growth opportunities by
partnering with local builders and developers. The Company
currently has 94 developed lots available in the Horseshoe Bay
Resort community. Harbor’s most recent finished home sale in
Horseshoe Bay occurred in the Siena Creek subdivision on February
28, 2023, and had a closing price of $1,550,000.
“We are excited to introduce our latest home
plan collection to our existing inventory with floorplans ranging
from 1,800 to 2,800 square feet and starting at $800,000. This new
collection is tailored for the 55+ lifestyle, including
single-level, open-concept floor plans designed for main floor
living, covered outdoor spaces for entertaining, and the luxury
interior finishes our homebuyers have come to expect from Harbor,”
stated Jeff Habersetzer, Chief Operating Officer of Harbor Custom
Development, Inc.
“Wurzel Builders is excited to be Harbor Custom
Development’s manager and builder partner to construct and sell
their homes in the Horseshoe Bay community. Horseshoe Bay is
a beautiful area, and we’re looking forward to being part of the
team to create comfortable, high-quality living spaces,” stated
Barry Wurzel, President of Wurzel Builders, LTD.
About Wurzel Brothers, LTDWurzel
Builders, LTD is a full-service general contractor and construction
manager with extensive experience in construction and renovating
commercial projects in the Hospitality, Multi-family, Healthcare,
Retail, Industrial, Office, and Restaurant sectors. Since 1998,
Wurzel Builders has established a reputation for quality-centric
construction and reliability among clients, developers, and
subcontractors that has expanded to nine markets across the U.S.
The team’s transparent process, comprehensive services, and key
sense to detail ensure they can confidently deliver on time and on
budget by offering proactive and creative solutions.
About Harbor Custom Development,
Inc.Harbor Custom Development, Inc. is a real estate
development company involved in all aspects of the land development
cycle including land acquisition, entitlements, construction of
project infrastructure, home and apartment building, marketing, and
sales of various residential projects in Western Washington's Puget
Sound region; Sacramento, California; Austin, Texas and Punta
Gorda, Florida. As a land developer and builder of apartments, and
single-family luxury homes, Harbor Custom Development's business
strategy is to acquire and develop land strategically based on an
understanding of population growth patterns, entitlement
restrictions, infrastructure development, and geo-economic forces.
Harbor focuses on acquiring land with scenic views or convenient
access to freeways and public transportation to develop and sell
residential lots, new home communities, and multi-story apartment
properties within a 20 to 60-minute commute of the nation's
fastest-growing metro employment corridors.
Forward-Looking StatementsCertain
statements in this press release constitute “forward-looking
statements” within the meaning of the federal securities laws.
Words such as “may,” “might,” “could,” “should,” “believe,”
“expect,” “anticipate,” “estimate,” “continue,” “predict,”
“forecast,” “project,” “plan,” “intend,” “potential,” and similar
expressions, and statements regarding intent, belief, or current
expectations, are forward-looking statements. These forward-looking
statements are based upon current estimates and assumptions. While
the Company believes these forward-looking statements are
reasonable, undue reliance should not be placed on any such
forward-looking statements, which are based on information
available to us on the date of this release. These forward-looking
statements are subject to various risks and uncertainties,
including without limitation those set forth in the Company's
filings with the Securities and Exchange Commission. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events, or otherwise, except as
required by law.
Investor RelationsHanover
InternationalIR@harborcustomdev.com 866-744-0974
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