By The Registry Staff
A Los Angeles-area developer has taken the reins of a 233-unit residential tower in Tacoma called Star Residence. The developer, Charles Cheung and his company PinnacleLGS, which is a manufacturer of steel building parts, had originally been a partner on the project with Bothell-based DMG Capital Group and was responsible for supplying prefabricated units for the modular development, according to a report from the Puget Sound Business Journal. DMG withdrew from the project, however, leaving PinnacleLGS as the sole developer.
Located in the 1100 block of Tacoma Avenue South, the tower is a 12-story structure encompassing 162,000 square feet, featuring nine levels of modular units supported by two levels of concrete construction, according to the report. Additionally, the project includes plans for twenty-five parking stalls. Cheung acquired the 0.4-acre site for $2.2 million in December 2022. Construction of Star Residence is scheduled to commence this November. IHB Architects of Kent is the designer, and a general contractor has yet to be selected.
PinnacleLGS is a provider of steel framing technology, according to the firm’s website, and also offers concrete, design and engineering services to its clients. The company operates in five continents and more than 70 countries around the world.
Tacoma has seen other residential developments moving forward recently.
The Rush Companies announced earlier this year that the firm’s newest apartment building, Proctor Flats, has finished construction and is leasing now. Located at 3725 N 27th St. in Tacoma’s Proctor neighborhood, Proctor Flats was designed by Graves + Associates and is another group effort by Rush Development, Rush Capital, Rush Commercial and Rush Properties. The building is 80,306 square feet and includes 95 units in a six-story structure with a rooftop amenity space for residents. Proctor Flats consists of studio, and one-bedroom apartments and delivers on amenities.
Also earlier this year, Pahlisch Commercial, a real estate development company based in Oregon, has submitted a proposal to construct a 179-unit development on a site the firm recently purchased near the Tacoma Mall, according to previous information from The Registry. Located at 4218 S Steele St., the site comprises a 21,376 square foot building that used to house Kantor Diamond.
By The Registry Staff