Lorig Associates purchased the
historic five story Commencement Bay Building in downtown Tacoma with
the intent to convert the building from office space to artists' loft
housing. Renamed The Cliff Street Lofts, this innovative conversion
created both work and living space, along with street level retail.
This project was the first of its kind in the downtown area, helping to
fill an under-utilized area between the Foss Waterway, Theater District
and the historic and recently renovated Union Station.
Maria Barrientos served as the Project
Manager. She was charged with hiring the design and construction teams,
managing the development budget, and coordinating information for the
local tax-credit program. The financing for this project was provided
by a combination of City of Tacoma Economic Development low interest
loan funds, historic tax credits, and labor-union pension funds.