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Smaller Unit Sizes at Emerald Bay Creates Affordability
Construction has commenced on Emerald Bay Apartments, an 82-unit multifamily project located at 1624 E 32nd St. in Tacoma, with completion anticipated for early 2022. The unit mix will include 53 studios averaging 312 square feet and 29 one-bedroom units averaging 638 square feet.
“This project will provide smaller unit sizes which create more affordability for area renters, complemented by a number of attractive unit upgrades and common area amenities,” says Paul Rahimian, CEO with Parkview Financial LLC.
Parkview Financial provided a $9.4 million construction loan to Emerald Bay Apartments LLC.
The four-story building will be situated on a 19,500-square-foot parcel and include an 82-car parking garage. The units will offer residents exposed wood truss ceilings and stone surfaces, among other
upgrades. On-site amenities will include a fitness center, rooftop terrace, community room, event space, dog wash and grass area, and a bike storage and repair room.
For comments, questions or concerns, please contact Lisa Brown
- ◦Financing
- ◦Development
