Market Square Apartments will be coming to the city next year.
This project of 176 units is the result of a partnership between Plus Capital Partners and USG Realty Capital, a leading investment sponsor specializing in opportunity zones. The project will also have retail space on the ground floor.
Market Square Apartments will be a multi-family building, eight stories high, next to the Tacoma campus of the University of Washington and the Greater Tacoma Convention Center. It will be a luxury apartment building with amenities that will include a pet grooming area, storage for 184 bikes, a fitness center, two resident lounges with kitchen and dining, two rooftop decks, and five laundry facilities.
Brochure printing is often used by local Print shops to highlight the features and amenities of such planned developments.
Founder of USG Realty Capital, Greg Genovese, said that the submarket of Tacoma stood out for his firm as an area of high quality. He added that Tacoma has an impressive growth rate of rent, occupancy rate, and apartment sales volume – all of which have been well above recent averages. He expressed his pleasure in partnering with Plus Capital, which is a leading development firm, on building this project and adding it to the company’s portfolio.
The project is expected to be completed in June 2024.
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