Historic Tacoma Building Converted to Apartments
Tacoma's historic Washington Building, at 1019 Pacific Ave., is now the site of 156 new apartments and 12,000 square feet of retail/commercial space.
Renamed The Astor, the 18-story building, constructed in 1925, had been offices when Unico purchased the property in 2016 for $9.8 million. In 2020, Unico and partner, Pinnacle Partners, a Qualified Opportunity Zone investment firm, began work on the conversion, which is now complete and renting.
In a press release, Unico said the “building embodies rich regional history while delivering modern apartment homes to downtown Tacoma.” Many original finishes of the landmarked property have been preserved including a marble-clad lobby and terrazzo flooring. This is juxtaposed by modern furnishings and finishes in the units. Residents also have access to a host of modern amenities that include a renovated penthouse with rooftop amenity deck, a fitness center, theatre room and penthouse lounge.
“As a longtime investor in Tacoma, we're excited to deliver a project alongside Pinnacle Partners that brings to life some of the region's richest history,” Gina Pfingston, Unico investments and development manager said in the release.