NFL Player and Real Estate Agent Buy UWT Land
Posted on Monday, March 23, 2009 in Downtown, Real Estate, Tacoma, Uncategorized
Former St. Louis Rams player Raonall Smith and real estate agent Sterling Griffin have purchased property at the northwest corner South 21st and Fawcett Ave. on the UWT campus. The land was purchased for $854,000 under the name Student Housing, LLC. The approx. 15,000 square feet of land is zoned Downtown Mixed Use and allows residential and commercial use. In 2007 the State Senate passed a bill banning the 10/12 year property tax abatement for multifamily housing from being used by private property owners in the 46 acre campus. I don’t think the UWT will be to happy about this purchase.
Good. Someone needs to do something with this blighted dead zone adjacent to downtown.
As for UWT, they should not have stopped the Gintz group from building much needed student housing so that UWT could be something more than a commuter campus.
I believe the Gintz Group wanted to build a retirement home project at the site across the street from the mentioned property above. The UWT actually has done a better job with the property then the previous owners, though still vacant. Sidewalks were replaced and a nice fence was put up along Fawcett.
The purchase and naming of the LLC makes you wonder if the new owner saw that the UWT bought the Gintz property after they said they wanted to build. So maybe the “Student Housing” name is a bit of a threat to UWT? Buy us at a profit or we are going to build.
“So maybe the “Student Housing” name is a bit of a threat to UWT?”
UWT wanted control over the area but didn’t have the funds to buy it so they jammed though a detrimental bill through the legislature to stop the incentive Gintz would have received to develop the land so it has remained empty and blighted.
The adjoining area has some pollution that’ll have to be gotten rid of before I let my kids live there. Check the sex offenders registry. Specifically, 2300 block of South Fawcett.
A press release from World Assurance Group (WDAS) on October 14th indicated that it was pursuing an agreement with Student Housing, LLC to construct a 16 story tower that would house 477 students on the Fawcett street property overlooking the University of Washington-Tacoma campus.
WDAS is a ‘pinksheets’ penny stock company with no discernible assets. Additional information regarding the company can easily be found in an online search. There is reason to believe that the press release was primarily intended to induce the public to buy shares in the company and that there is little chance of the project going forward as described.
A 16 story tower in a zoning district with a height limit of 100ft. That should be interesting.
I just heard that Sterling Griffin is declaring bankruptcy. I’m guessing that means nothing is happening with this now…
So how and where is the source for Strling filing for BK ? u just can’t say this with out a source to it .
WDAS, a penny stock company, has been flooding the internet with press releases for weeks regarding real estate projects that involve Griffin Sterling. WDAS is in all probability, a scam.
Can anyone share any information concerning Mr. Griffin’s business reputation in the Tacoma area?
It is beginning to appear that Sterling Griffin is not a newcomer to financial and legal difficulties. If you would like to know more about Mr. Griffin’s new associates at WDAS or if you have any information regarding Mr. Griffin that you would like to share in private, email KilgoreMullet@hotmail.com
Thanks
I know Sterling Griffin had some connection to the sale/previous ownership of the property at 25th and Yakima Ave. in Tacoma that MRED now is developing into a large mixed-use building.
Sterling Griffin the owner of student housing llc is a scam artist, and will stop at nothing.
Sterling Griffin was given chapter 7 bankruptcy protection 10/19/2009. Case No. 09-45031-PHB … A forgiveness of over $29 MILLON Bankruptcy documents can be viewed at http://pacer.psc.uscourts.gov/ United States Bankruptcy Court Western District of Washington Case No. 09-45031-PHB Chapter 7. Very interesting read A 101 course on how to scam millons……He appears to be forgiven now of over $29 MILLION dollars of debt. He did sell his home on a short sale. New owner takes possession December 2009. Sterlings Brother purchased new home for him in Gig Harbor Washington . One quick look at bankruptcy filing proves his personal involvement / creation of financial scams . With the help of his accountant. Well worth the time to look at. Sterling Griffin is also involved in projects that he failed to disclose to the bankruptcy court. Not exclusive his involvement with Sustainable Green. Sterling Griffin is listed as Chairman Rich Schmidtke CFO Sterling Griffins personal accountant………