Tacoma Urbanist

Apr. 8, 2013 at 2:54pm

Breaking: Opus Bank to Open in Rust Building at 11th and Pacific Avenue

Confirmed: the decade long vacant space at 11th and Pacific Avenue has finally been leased to Opus Bank.

It was always a bit sad to walk by the Tacoma Pierce County Chamber of Commerce sign and see that there was ever any "commerce" on one of the most visible and central retail spaces in the City of Destiny.  That has now changed and construction is well under way.




From Opus Bank:

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News Release

April 02, 2013


OPUS BANK SIGNS LEASE AGREEMENTS TO OPEN NEW BANKING OFFICES IN SEATTLE AND TACOMA, WASHINGTON

EVERETT, Wash. – April 02, 2013 – Opus Bank (the “Bank”) announced today that it has entered into lease agreements to open new banking offices in the cities of Seattle, located in King County, and Tacoma, located in Pierce County, Washington. The new banking offices are a continuation of the Bank’s planned organic growth, which includes the opening of de novo banking offices in major metropolitan markets up and down the West Coast.

Debbie McLeod, Executive Vice President, Retail Banking of Opus Bank, stated, “As the fastest growing, and one of the best capitalized banks in the Western region, we are continuing to strategically expand our network of banking offices in major metropolitan markets.” McLeod added, “Complementing our existing 22 locations in the Puget Sound region, these new offices will be Opus Bank’s first offices located in the core business districts of Seattle and Tacoma.

The new offices will serve as hubs for our existing commercial business bankers, as well as those bankers we expect to add to meet the increasing demand for our commercial business products and services.” McLeod concluded, “We continue to commit significant amounts of capital funding to those small and mid-sized commercial businesses, entrepreneurs, real estate investors, and professionals, who share our vision to expand and grow. These businesses, entrepreneurs, and professionals have been an integral segment of our local communities, driving job growth and economic vitality.”

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Pierce County, WA:

The new Tacoma banking office will be located at 950 Pacific Avenue, Suite 150, Tacoma, WA 98402, in the Tacoma-Pierce County Chamber of Commerce building at the intersection of Pacific Avenue and 11th Street, and is scheduled to open in the third quarter of 2013.

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For more information see:


http://www.opusbank.com/Pages/NewsRelease.aspx?ListId={16776e86-a682-4ca4-92d0-d9daa76be49f}&ItemID=65

comments [11]  |  posted under Tacoma

Comments

by Erik on 4/8/2013 @ 3:03pm
The Rust / Chamber of Commerce Building:

by Erik on 4/8/2013 @ 3:05pm
Also see:

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Opus Bank
 said it will open two new locations — in the downtown areas of Seattle and Tacoma — later this year.The Everett-based bank said the Seattle location will open at 1411 Fourth Ave., in the former Tully’s Coffee store at the intersection of Fourth Avenue and Union Street, in the third quarter of 2013.The Tacoma location will open at 950 Pacific Ave., Suite 150, in the Tacoma-Pierce County Chamber of Commerce building at the intersection of Pacific Avenue and 11th Street, also in the third quarter of 2013."We are continuing to strategically expand our network of banking offices in major metropolitan markets. Complementing our existing 22 locations in the Puget Sound region, these new offices will be Opus Bank’s first offices located in the core business districts of Seattle and Tacoma," said Debbie McLeod, executive vice president, retail banking of Opus Bank, in a statement.Opus Bank merged with Cascade Financial in 2011.

by Jesse on 4/8/2013 @ 3:53pm
Great news - and that's something we can all agree on!

by KevinFreitas on 4/9/2013 @ 7:04am
Really great news, thanks for sharing Erik! It will be great to have a little more life in that pocket of Pac Ave.

by Erik on 4/9/2013 @ 8:07am
<i>Really great news, thanks for sharing Erik! It will be great to have a little more life in that pocket of Pac Ave.</i>

It is a huge space that was formally a place for artists to display their works.

Unfortunately, Modality Furniture at 821 Pacific Avenue has nw closed and moved out. 

www.facebook.com/ModalityFurniture?ref=t...

The battle to bring life in downtown Tacoma continues.



by cisserosmiley on 4/9/2013 @ 9:54pm
Welcome to Opus Bank!

by Chris.Tacoma on 4/10/2013 @ 5:32am
This is good news.  I was wondering why there was paper over the windows yesterday.  I can see this space from my window in the Washington Building.
I HATE that this building has a skybridge to Park Plaza North.  Takes away from life on the street.  At least bank customers will likely enter from the Pacific Avenue sidewalk.
One thing I'll say about retailers in Downtown - get to know your market better before opening.  Also, retail is really pretty cutthroat.  Try selling online before opening a brick and mortar store - or understand that developing a customer base is a long haul process that requires really deep pockets.

by Maria on 4/11/2013 @ 1:41pm
So happy to hear this. Wonderful news. Businesses are starting to recognize all the potential in downtown Tacoma. Affordable rents, walkable streets, good restaurants, etc.

I hope things work out with State Farm also!!!



by Erik on 4/11/2013 @ 3:18pm
@Chris.Yeah, the skybridge was probably built at a time where people were completely scared of the streets in downtown Tacoma.The Wells Fargo Building and the attached parking garage (with the protected tunnel) are built like Fort Knox.Then there is the sad little ill designed raised plaza next to the Rust Building with very steep stairs.  Few people realize that behind the stairs, there is a hidden pit surrounded by stairs which can't be seen from the street where bizarre things happen. A textbook CTEP disaster.  Very similar to the hidden dangerous staircase that was removed between Pacific and Commerce when the South Park Plaza Parking garage was renovated.

One day the city should take out the raised platform.  It would make the open space usable to the public and make the whole area viewable.

Hopefully, the North Park Parking Garage can be renovated soon as well. It is pretty spooky right now and the retail spaces in it are vacant.

@Maria: Yes, that would be a good break for downtown Tacoma.

by Chris.Tacoma on 4/12/2013 @ 7:03am
@Erik.  I don't even think that I can see what's going on down there from several stories up across the street.  I always thought that up and down design was a little... nutty.

by Ben Ferguson on 6/14/2013 @ 2:41pm
Welcome to T-Town Opus Bank!  Hopefully you will join the culture and leadership of the downtown and be an integral member of our community.