Mount Bay Apartments

This new multi-million dollar building project is set to transform the existing building structure into a seven-story modern mixed-use commercial and multi-family building.

TYPE
Multifamily
LOCATION
Tacoma, Washington
AMOUNT
3,000,000
YEAR TERM
12 Months
LTV
60%

The residential component of the building will consist of 229 units, offering a variety of living options for residents. These units will be complemented by an impressive range of amenities, including a fitness center, pool, hot tub spa, dog run, garden terrace, sky lounge, barbecue area, and more. In addition to the residential units, the building will also incorporate 4,370 square feet of commercial space. This space will be divided into three suites, providing opportunities for businesses to establish themselves within the development.

The multi-family component of the building will encompass a total of 172,975 square feet, housing 299 apartments.

We recently acquired a significant land parcel in Tacoma's Tacoma Dome District, marking a pivotal step towards the development of one of the city's largest apartment projects. The subject property comprises five contiguous parcels within the Downtown Mixed-Use District zoning.

To revitalize the area, our plan involves demolishing the existing building to make space for an impressive seven-story mixed-use commercial and multi-family construction. This development will combine various functions, catering to commercial and residential needs. By capitalizing on the advantageous location within the Tacoma Dome District, our project aims to contribute to the ongoing growth and transformation of the area.

The proposed seven-story building will integrate commercial and residential spaces, aligning with the mixed-use vision for the district. This approach ensures that the development not only caters to the housing demands of the community but also provides opportunities for local businesses to thrive

Contact the underwriter

We offer financial flexibility with the following loan programs:

Charles Farnsworth

Fund Director

PHONE
253.592.3452
EMAIL
Charles@1892Capital.com
MAIN
PO Box 94176
Seattle, Washington 98124