PORT ORCHARD — A 138-unit apartment complex in the East Port Orchard area will soon enter the South Kitsap housing market.
Harbor Custom Development, Inc. of Gig Harbor announced on April 21 that it has listed the Bridgeview Trails apartment complex, at 2864 Harold Dr. SE, west of the intersection of Harold Drive Southeast and Southeast Lundberg Road. The listing company holding the project is Kidder Matthews, a West Coast brokerage firm.
The company said the apartment complex is expected to be ready for occupancy in September 2023.
Harbor Custom Development said the Bridgeview Trails complex is part of a six multi-family portfolio valued at $278 million. The units range from a studio (approximately 456 square feet); one bedroom/one bath (approximately 663 square feet); and two bedroom/two bath (approximately 911 square feet)
Bridgeview Trails consists of seven apartment buildings on 4.81 acres with an accessory recreational building and associated transportation and utility infrastructure, according to plans filed with the City of Port Orchard.
Company spokesman Josh Skalniak said the apartment complex is still in the planning stages.
“We do not have pricing currently,” Skalniak said by email. “The units will be open concept living with modern finishes.”
Sterling Griffin, president and CEO of Harbor Custom Development, said that rental rates continue to rise at unprecedented levels, driving up project apartment values as demand for multi-family housing exceeds the limited supply in the Puget Sound region.
“We are capitalizing on this market dynamic by listing for sale our current owned inventory of six apartment projects totaling 734 units in various stages of construction,” Griffin said.