A New Wave of Downtown Development Begins

Check out the new apartments and commercial square footage in these projects:

Community and Economic Development
Request No. 11476

Authorizing the execution of a Multi-Family Housing Limited Property Tax Exemption Agreement with Jefferson Street, LLC, for the construction of 160 apartment units, with 24,400 square feet of commercial and retail space, and 236 parking stalls, to be located at 2515 Jefferson Avenue in the Downtown
Mixed-Use Center.

This is across from the Galleria Townhomes. I believe it was the site of the old brick cold storage building that collapsed a few years back.

Community and Economic Development
Request No. 11477

Authorizing the execution of a Multi-Family Housing Limited Property Tax Exemption Agreement with Tacoma Merit Building, LLC, for the conversion of a vacant building into 42 to 46 condominiums with parking under the structure, located at 951 – 959 Market Street in the Downtown Mixed-Use Center.

This is the boarded brick building on 11th and Market.  It’ll be great to see some life on this street… maybe the Garage will come back.

Community and Economic Development
Request No. 11478

Authorizing the execution of a Multi-Family Housing Limited Property Tax Exemption Agreement with 25th and Yakima, LLC, for the construction of 98 apartment units and 69 condominiums, with 17,600 square feet of commercial space and 253 parking stalls, to be located at 2354 – 2372 South Yakima Avenue and 805 South 25th in the Tacoma Mall Mixed-Use Center.

It’s good to see commercial heading into this area.

Community and Economic Development
Request No. 11479

Authorizing the execution of a Multi-Family Housing Limited Property Tax Exemption Agreement with Vision One, LLC, for the construction of 83 condominiums with 3,500 square feet of commercial space and parking under the structure, to be located at 1515 – 1523 Tacoma Avenue South in the Downtown Mixed-Use Center.

Marcato Phase II – new commercial on Tacoma Avenue is a good thing.

Thank you, Jake