Charles Cheung, a Los Angeles-area developer, is pursuing permits to develop a $70 million 233-unit project called Star Residence. In 2022, pre-development plans were initially filed with the city by Bothell-based DMG Capital Group and reported on by the Puget Sound Business Journal. At that time, Cheung’s company Pinnacle LGS was involved as a partner in the project but has since taken over ownership after acquiring four parcels of land for $2.2 million through an associated entity. Pinnacle LGS specializes in light gauge steel (LGS) framed building construction services.
IHB Architects of Kent who worked on the tower for DMG remain as architects while DMG is no longer part of this venture; proposed plans call for a 12 story 162 000 square foot structure featuring nine levels of modular units above two levels constructed from concrete materials . Photo Credit: IHB Architechts & PSBJ
A Tacoma modular tower project has been taken over by Charles Cheung – an experienced Los Angeles area developer – who seeks permits to build out his ambitious $70 million 233 unit vision known as ‘Star Residence’. Initially filed with local authorities back in 2022 via Bothell based firm DMG Capital Group and reported upon by Puget Sound Business Journal; at that time Mr Chengs’ own company Pinnacle LGS was involved only as partner but now holds full ownership having acquired four parcels worth 2 point 2 million dollars through related entities specialising in light gauge steel framed building construction services .
IHB Architects from Kent are still retained having previously worked on this same tower during its association with former partners ; proposed designs call for 12 stories reaching up 162 000 sq ft housing 9 levels made up entirely from modular units atop two layers built using concrete material . Photo credit attributed to IHB Architechts & PSBJ
