Tinnakorn Lofts is a classic situation that small business faces.   With a successful business  in Downtown Vancouver , and housing prices steadily increasing for their staff,  our clients decided to purchase a small parcel of surplus land owned by the City of  Vancouver and create a mixed  use, multifamily property .  That was back in 2016 .  The long and winding road led them toward completion of construction sometime in March 2020.  That timeline was significantly delayed with the construction shut down  by Governor Inslee .

They’ve navigated their bank loan, the State of Washington , and now hopefully the City will help ensure they can get the property occupied as we end the month of June.  Great example of local property ownership .

Our research, and experience these past three months lead us to believe, there is still demand for multi family housing in a growing Vancouver.  As summer arrives , leases expire, renters will be seeking to relocate  or transition to a new residence.  There will be  twenty one  rental units on three  floors.  The property also includes two commercial spaces on the first floor.