Exit133 is about Tacoma
California Developer Buys Chelsea Heights Apartments
A California-based apartment developer is investing in Tacoma’s real estate market. The News Tribune reports that San Diego based ColRich has purchased Chelsea Heights, and made an offer on the Albers Mill apartments as well.
According to the TNT, the group paid $18.8 million for the Chelsea Heights development at the corner of South 6th and J, and is eyeing other Tacoma properties as well. The Chelsea Heights website still looks like they’re targeting UWT students…
Chelsea Heights is located within minutes of quaint shops, theaters and a growing list of world-class restaurants in the Stadium District, Downtown Tacoma and the vibrant 6th Avenue corridor! Visit UW Tacoma Campus or stroll through Wright Park. Be a part of the hustle and bustle of city living and convenience, while putting down roots in a charming community.
Maybe it’s time for a shift in marketing strategy… (seriously, where are the people in these pictures supposed to be?)
The TNT story credits news that State Farm is opening an office in Tacoma, along with Amazon’s plans for DuPont and soldiers returning to JBLM for creating a strong enough real estate market to interest an out of state investor like ColRich.
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