Harbor Custom Development has closed the acquisition of approximately 2.34 acres of land for the construction of 112 senior condominium units in Burien, Wash., for $2.6 million.
Sterling Griffin, president and CEO of Harbor, stated, “Burien represents an ideal location for Harbor Custom Homes to enter the 55+ senior housing market and address the significant need for affordable senior housing in King County. As home prices continue to escalate due to record-low inventory levels, seniors on fixed incomes are pressured to sell their homes as taxes and the costs of maintaining their property escalate at unprecedented levels.”
In the heart of Western Washington’s Puget Sound region, Burien, is less than a 15-minute commute to downtown Seattle and 30 minutes to Tacoma. The Mira Condominiums will cater to the 55+ age demographic and will be ideally suited for retiring employees from King County, which contains the corporate headquarters of Amazon, Microsoft, Costco, S
