Bringing Community Oriented, Workforce Housing to the Hilltop
(EDITOR’S NOTE: According to public documents, Trent Development paid $7 million for the property. The seller was affiliated with Vision Deuce LLC.)
February 1, 2021 – Seattle WA. – Trent Development announced today that it has purchased an Opportunity Zone site near Tacoma’s Brewery District at 1502 Fawcett Ave.
This marks the company’s seventh opportunity zone project in the past 12 months, all emphasizing transit-oriented development for middle-income renters. The other six multi-family sites are in Bellingham, Everett, Lynnwood City Center, Seattle, and SeaTac.
The Tacoma project will include 358 apartments units on a 1.35-acre property that will consist of two, six-story apartment buildings with 268 underground parking stalls. There will be approximately 8,600 sq. ft. of amenity space and 5,000 sq. ft. of outdoor roof deck area. Trent Development is not including any commercial space in support of existing local merchants in the Brewery District and Hilltop.
“The Brewery District and Hilltop are Tacoma’s pioneering historic neighborhoods with a wonderful vibe all of their own,” said Trent Mummery, principal at Seattle-based Trent Development. “Business and neighborhood leaders have been working for years to keep the business districts vibrant and authentic. With that in mind, we do not want to add competing retail, we want to support what is original and existing.”
“We are really excited to unveil this project,” added Patrick Ashman, another principal at Trent Development. “The site has been vacant for many years and we aim to model civic-centric development that provides rent attainable, quality apartment housing within walking distance to downtown Tacoma and major employers.” The project is focused on providing rental housing for individuals earning 80-120% of AMI, which is a missing building type in new construction.
The ground floors of both buildings are designed as distinct amenity areas with a co-working space, Top Golf Swing Suite, fitness center, bike convenience room with storage, and a tenant lounge that includes a thirty-foot bar. A quiet, landscaped courtyard connects the amenity spaces and two buildings, also providing amble light for the apartments facing inward.
The two rooftops are curated spaces with one programmed for more lively indoor-outdoor entertainment while the other, southern rooftop is more intimate and quieter, described as a library and outdoor relaxation room.
The aesthetic of the project will include reclaimed wood, exposed steel, and polished concrete taking inspiration from heritage buildings along Pacific Avenue and the Brewery District. Located on the hill climb, most of the apartment units will include private decks with views of Commencement Bay, Mt. Rainier, and the skyscape of downtown Tacoma.
The project is anticipated to break ground in 2021 with completion in 2023. The project team incudes Studio 19 Architects, Rush Construction, and Blanton Turner will manage the property. The expected cost will be $105million.