With construction resuming Tinnakorn Lofts inches closer to opening

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.

Siding being installed as construction has been reopened in Clark County .