TACOMA, Wash., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it has signed a letter of intent to purchase .70 acres of land in Tacoma for $5,750,000 million to construct an urban multi-story apartment project of approximately 200 units.