tacoma

Lavish Spec Yacht Ready For Launch

With the return of luxury spending there seem to be glimmers of hope in the yacht business. That could be good news for Tacoma, Washington's Northcoast Yachts, a company that has created a lavish 125-foot spec yacht that is nearing completion. The yacht is the most luxurious boat the company has built. They started over two years ago looking toward selling it in Europe but have found U.S. interest as well. It has nine bathrooms and five staterooms. Details include Italian onyx, leather floors made from repurposed car seats, marble sinks, flat television screens that fold into the ceiling and a floating stainless steel spiral staircase. The Tacoma News Tribune reports that the yacht's main steering wheel is modeled after a 250 GT Ferrari and a white leather couch was hand built in Italy. The yacht will be launched Monday into Commencement Bay. It is for sale for $22.2 million.

Tags: luxury yachts, northcoast yachts, spec yacht, tacoma, washington, yacht, yacht for sale

Tacoma, Washington Condo Project Facing Foreclosure

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

The headline on the website for the Tacoma Esplenade condo project says "navigate a new life" but that life may be snagged up in foreclosure. The Tacoma News Tribune reports that the $80 million Tacoma, Washington waterfront condominium project is facing foreclosure by late August unless the developer can find new sources of funding. The project is a nine-story building with 162 units, just ten of which have been sold.None of the retail spaces have been rented. The project was part of a larger plan to revitalize the formerly industrial area with new housing and a hotel. The hotel never broke ground and that land is now for sale. The owners of the Esplenade have until August 21 to escape from foreclosure but it will be a challenge, partially because of the building's low occupancy rate which makes it hard to get funding.

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Tags: condo, condominium, tacoma, washington