TACOMA, WA - Hailey Apartments, Cypress Equity Investments’ (CEI) new 186-residence apartment community in the heart of Tacoma, is proving to be extremely popular with Tacoma renters, surpassing 50% leased in just five months since its completion, announced Michael Sorochinsky, CEI’s Founder and CEO. Located at 1210 Tacoma Avenue S., Hailey appeals to singles and families alike due to its new construction, high design, bright, light-filled interiors and flexible floor plans. Designed by award-winning Studio19 Architects, Hailey brings distinctively designed apartments with spectacular views, plus a full suite of modern amenities to downtown Tacoma.
The early success of Hailey has CEI looking for additional opportunities in the immediate neighborhood and surrounding communities. “The City of Tacoma has proven to be a professional, collaborative and open-minded civic partner,” stated CEI’s Sorochinsky. “From acquisition and permitting, to construction and completion, Hailey has been a textbook example of how smooth the development process can be when everyone is aligned with a singular purpose – and that is to bring much needed quality housing to downtown Tacoma. We look forward to additional opportunities in the South Sound.”
With the apartment community quickly filling up, the majority of Hailey’s residents (~70%) have come from the greater Tacoma area and further regions of the state. Due to community’s central location, Hailey has also drawn a significant number of healthcare workers, many of whom work nearby at St. Joseph’s Medical Center, MultiCare Tacoma General Hospital, and Virginia Mason Franciscan Health.
Hailey’s residents have identified the community’s well-equipped, 24-hour fitness center and in-unit washer and dryers as particularly appealing. The property’s pet friendliness as showcased by its on-site pet spa and no maximum pet weight limit has also received notable appreciation.
Hailey’s interiors include the finest in materials and finishes. Gourmet kitchens feature custom cabinetry, quartz countertops, stainless-steel appliances, and tiled backsplashes. Select apartments also feature private balconies and outdoor terraces with spectacular views.
According to the onsite management team, Hailey’s residents have also been effusive about the community’s covered and heated rooftop amenity deck with unparalleled views of Mt. Rainier. There’s also a second-floor outdoor terrace, community BBQ facilities, and bike storage. For residents working remotely, Hailey offers numerous seating areas throughout the lobby and dedicated coworking space with full audio-visual system and high-speed connectivity.
With the positive response CEI has received since Hailey’s opening, the firm expects the community to be fully leased at or prior to the close of 2022. With offices in Aspen, Los Angeles, Boston, Chicago, Dallas, Denver, Florida, and New Jersey, CEI has completed 6,570 apartment residences to date, and has more than 11,000 in the pipeline.
About Cypress Equity Investments: Cypress Equity Investments is a national real estate investment company comprised of professionals who have been executing real estate investment strategies for the past three decades. Since its inception in 2001, CEI has been executing ground-up and value-add real estate projects in all asset classes, with a primary focus on multifamily, in top-tier markets across the United States. For more information, explore www.cypressequity.com