The lot, located at 1210 Tacoma Ave. S., will be turned into a $40 million, 166-unit, private development, set to open by the spring of 2019. HQC USA LLC, based out of Renton and headquartered in Vietnam, is the developer. “This development, our third foreign direct investment project this year, will turn an underutilized City of Tacoma parking lot into a thriving community for approximately 300 people, with 34 affordable units and ground level retail amenities,” said Tacoma Mayor Marilyn Strickland. “This development will bring in future mixed-use projects along Tacoma Avenue, filling parking lots and underdeveloped properties where public transit is available and major public institutions such as the Pierce County courthouse, Pierce County administrative offices and Tacoma Public Schools' headquarters are located," said Community and Economic Development Director Ricardo Noguera.