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August 31, 2023
Harbor Custom Development announced earlier this month that its 177-unit Meadowscape is pre-leasing, with completion expected in coming months. Work began in September of 2021, under builder DRK Development. The architect wasn't then announced. Cushman & Wakefield is in charge of the current leasing effort. The project is east of Lacey, near the I-5 junction with Highway 510. Harbor's Jeff Habersetzer said in a statement, “Meadowscape is our fifth multifamily project to begin leasing.” Meadowscape was valued at $70 million when offered for sale last year, mid-construction. It was then called Tanglewilde, and was originally intended to be condos. Buchanan Mortgage Holdings was the construction lender, providing $39 million, per a prior Harbor press release. Units range from 450-square-foot studios to two-bedrooms with over 1,100 square feet.