The Tacoma News Tribune reports that two more new apartment projects have received tax exemptions this month from the Tacoma City Council with another scheduled for its presentation tomorrow, May 24.
A total of 476 new units in two separate projects were approved on May 3rd.
- 13th & Fawcett: 277 market rate units in two buildings over nine parcels; $84 million project with 292 parking spaces, fifty-eight (58) studios, one-hundred forty (140) 1-bed 1-baths and seventy-nine (79) 2-bed 2-bath units. The 10-story property received an eight year exemption from property taxes on the assessed improvement value.
- Cornus House will consist of 199 units at 2502 Pacific Avenue, including 40 units of rent-restricted housing in exchange for a 12-year property tax exemption. The 159 market-rent units will feature seventy-three (73) studios, seventy-five (75) 1-bed 1-baths, and eleven (11) 2-bed 2-bath flats.
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