Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project in Puyallup, Washington

CBRE arranges complex financing for affordable units in Frederickson

Addison Grove is now the official name for a 102-unit affordable housing project to rise in the Frederickson area of Pierce County.

Great Expectations Receives Construction Financing for 102-Unit Affordable Housing Project in Puyallup, Washington

PUYALLUP, WASH. — Great Expectations, a Seattle-based affordable housing developer, has received an undisclosed amount of construction financing for Addison Grove, a 102-unit affordable housing project in Puyallup, 36 miles south of Seattle. According to the Washington State Housing Finance Commission, the project cost is approximately $34.2 million. Great Expectations acquired the site in April, but a construction timeline for the development h…