A New Wave of Downtown Development Begins (28. July 2007, 20:50 by Derek Young) ~ Some Day We'll Be Seeing...

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

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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.

I think this is the building the old Judicial Annex restaurant was in which went out of business when the law school closed. The market street side tried to sell antiques for a bit but it never worked. The rest of the building has been empty for at least 15 years.
(Court C used to have a restaurant as well before it closed down)

Great to see some life come back to this old brick building. Glad they are going to try to save it. Driving up 9th is frustrating as the Rust Building, Rhodes Building and this one all have empty retail spaces on the corner of the buildings which is usually the most coveted spot.

The other proposals are a scappy bunch in some still “developing” areas of town : 2515 Jefferson, 2345 Yakima and Tacoma Ave.

There was an earlier post on Marcato and when they would be able to have some commercial/retail space in it. Looks like they are trying to add 3500 sq ft in their next phase.

A total of at least 45,000 sq feet of commercial and retail in all of these projects. (which receives no tax break by the way).

Of course, we can’t know how many of these will actually be built. I think there are more approved that never get built than do. However, if we have a 50 percent success factor, we will at least see something. Hopefully, there are getting to be enough people in the area to make a store viable soon.

1 | Posted by Erik B. | Jul 28, 09:39 PM

It’s nice to see some investment going into some long-forgotten parts of downtown. The investments in these areas, like Galleria and McCarver Village, were entering uncharted waters when they were first proposed. Now it appears that those few daring ventures have become the catalysts for more improvements.

One might question the wisdom of building more condos in a soft market, but I applaud those that realize that the economy is cyclical: by the time many of these projects are completed, there will likely be more demand than there is now. Also, as condo living becomes more prevalent, the market will mature. There was a time when only a few urban pioneers wanted to live in places like Belltown, but now, condos are sold there before the building even breaks ground. Tacoma could be the same way in a couple years.

It’s also nice to see some more apartments coming onto the market. Not everyone who lives downtown wants to own a condo.

2 | Posted by drizell | Jul 28, 09:54 PM

All housing — shame. We need that Class A office space to start filling in a bit. Give people that live downtown a place to work.

Maybe I’ll map out an ideal Tacoma in the Sim City I just bought for my DS…

3 | Posted by KevinFreitas | Jul 28, 10:39 PM

Kevin, since it’s a list of properties applying for the housing tax credit, it’s not too surprising it’s all housing related.

That said, I think the Class A focus should be the Pacific Ave core rather than up the hill, as these properties are.

4 | Posted by Erik Hanberg | Jul 28, 11:54 PM

ditoo the class A…....oh what the heck, I’ll throw it out again….....In the core of downtown, where height is allowed we seriously need some 40+ story buildings with underground parking, 4-5 retail levels, then a crap load of class a commercial with high end condos on top….....this would not only add a real retail element to downtown, but it will allow for some real commercial developement to take place…you can’t wait until someone comes to you looking for the commercial space, it’s too late by then….its called build it, and then use some good selling skills to sell companies on the space from outside of the county….....in comes those nice jobs, and more people to support the condos and retail…...bla bla bla…I feeling my face getting blue once again…......arrggg….....

5 | Posted by rich | Jul 29, 08:25 AM

mix use is better than all condos/apartments, but the real commercial that we need is dedicated Class A commercial…not in a mixed use building…..the stuff in the mixed use is great for retail facilites but no for a corporation to move their headquarters to…

6 | Posted by rich | Jul 29, 08:54 AM

Kevin, since it’s a list of properties applying for the housing tax credit, it’s not too surprising it’s all housing related.

Right. A 40 story office building would not show up on this list. I am encouraged though by the retail commercial space being built as it will add some significant life to the areas rather than just being living quarters.

Tacoma has built very little mixed use over the last 40 years. Most of what has been built during this time has been single family housing tracts at unwalkable distances to strip malls which consist of one story buildings in the middle of huge parking lots.

7 | Posted by Erik B. | Jul 29, 10:41 AM

Anyone notice the retail section of the Yakima Ave project is smaller than the Jefferson project? The Yakima Ave project was where MRED was going to put in a grocery store. For some reason I don’t think that is going to happen.

8 | Posted by Jake | Jul 29, 12:55 PM

speaking of mixed use projects with retail, how are the mixed use projects doing on the Thea Foss Waterway? are there any vacancies?

9 | Posted by snoopy | Jul 29, 02:05 PM

Well Urban Dogs is closing. The last I heard on The Esplande’s retail spaces was that they have a large (national chain?) restaurant going in but that was a while ago. They need to hurry up and get the hotel project going.

10 | Posted by Jake | Jul 29, 02:19 PM

any idea what is going up at the corner of 15th and Yakima? The lot was cleaned up a few weeks back and was staked for construction about two weeks ago… but nothing has happened since.

11 | Posted by ben | Jul 29, 04:41 PM

any idea what is going up at the corner of 15th and Yakima? The lot was cleaned up a few weeks back and was staked for construction about two weeks ago… but nothing has happened since.

On a similar note, does anyone know how much of the empty (blighted) lots are owned by the city above and around UWT? Some people have told me it consists of quite a bit of the area and I know it has come up on Exit 133 before.

Perhaps some of this land could be used for student housing.

12 | Posted by Erik B. | Jul 29, 04:57 PM

I thought UW owns the majority of that.. at least its campus boundaries (tacoma ave, pacific 17th & 21st

I think the City was considering building a new city hall in that general vicinity

13 | Posted by snoopy | Jul 29, 08:12 PM

On a similar note, does anyone know how much of the empty (blighted) lots are owned by the city above and around UWT? Some people have told me it consists of quite a bit of the area and I know it has come up on Exit 133 before.

If I recall correctly, it is about 4.2 acres. It was acquired by the City of Tacoma in 1998 during my first year on the City Council. It was selected as the preferred site for a new police station. After we acquired it, then Councilmember Crowley and myself heard about the Costco store on S 38th coming onto the market. We convinced the council that this would be a better site than the one across from the UWT. And as we all know, the city did buy the Costco site and constucted the new Headquarters for TPD.

14 | Posted by Kevin | Jul 29, 10:45 PM

If I recall correctly, it is about 4.2 acres. It was acquired by the City of Tacoma in 1998 during my first year on the City Council.

Thanks for the information Kevin.

15 | Posted by Erik B. | Jul 29, 11:30 PM

The SW corner of 15th and Yakima is owned by Vision Investments LLC. They have done a few townhome projects in the Tacoma Mall MUC. So I would be it will be another townhome project going in there.

Does anyone else think that it is time for the city to get rid of the land south of 21st? It surely isn’t helping this town by holding on to it.

16 | Posted by Jake | Jul 30, 11:51 AM

Jake, I totally agree. It is bad enough that UWT is sitting on multiple vacant parcels, some of which may not be developed for 20 years… I am sure there are plenty of developers who would want to produce more multifamily/townhome projects in hopes of attracting UWT students in this vicnity.

17 | Posted by snoopy | Jul 30, 01:23 PM

Townhomes? I hope not on he city’s property. That area needs some density.

All the city needs to do is put out a RFP (Request For Proposal) similar to what Federal Way just did for the AMC Theater site, 3 highrises are now planned there. The city can make the rules for the RFP (min density, amount of commercial, public space, etc) and see what comes on the table. I bet we would get multiple developers from around North America.

Right now the site sits as a major barrier to probably the fastest changing neighborhood in Tacoma. People don’t want to walk through a scary wasteland to get to downtown amenities.

18 | Posted by Jake | Jul 30, 01:53 PM

Unfortunately, the City (or Foss Dev. Auth.) tried this with some of the Foss property, but they’ve not stuck to their guns on what they wanted. Someday, the hotel will arrive, as will Porpoise Landing (with significantly less office than originally requested).

19 | Posted by DavidS | Jul 30, 05:09 PM

Among Prium Bankruptcy rumors I have heard they are doing some major cost cutting at the Porpoise Landing project. Maybe cutting costs on paper and put the project up for sale or look for partners?

20 | Posted by Jake | Jul 30, 05:19 PM

The city’s chunk of vacant land was on hold as collateral while the police substations were being constructed. Now that they have been constructed I believe the city is gearing up to do something. I believe they just hired a real estate pro to help them and may be hiring some more real estate staff too. They could really use it. So far, their real estate staff (asset management) has focused more on managing facilities as opposed to being knowledgeable about its holdings as they relate to the commercial real estate market.

21 | Posted by ma | Jul 30, 05:31 PM

prium bankruptcy…ouch…..too bad we are doing such a *hitty job at making Tacoma a great city to move a company to…and retail…..if it wasn’t the demand would still be there for condos/etc…..oh well…...I hate to say I told you so…..but…I have a feeling I’ll be saying that for years to come…....after all we have such great leadership with vision….......

22 | Posted by rich | Jul 30, 05:37 PM

I think Prium tried to get to big to fast.

23 | Posted by CA | Jul 30, 09:12 PM

so…. if Prium is going bankrupt. what does this mean for the Winthrop?

24 | Posted by snoopy | Jul 30, 10:24 PM

bingo…...too much too soon….really I think they had to much optimism in the council and their ability to have a vision and grown tacoma…..without the demand for all the projects prium is going down the tubes…along with the Winthrop….say hello to drugs and crime…..what a fricken waste…........hey council and mayor…your getting what you wanted….absolutely nothing to grow tacoma and your payoffs to continue…..what a waste…..what loosers…..I think if I could actually sell my condo I would….I am so disappointed in the town of Tacoma and the leadership…you can move anywhere else and experience a much greater sense of vision…hell…university place is actually making more advances than Tacoma…federal way…oh my…..................am I just smokin somthing here…and way out of the ball field or what??? I don’t think I am…....throw in a bunch of tax hikes in 08 and a decreased economy because of…and bingo…..a perfect storm to put Tacoma back in the Tacroma stage….......crime, drugs, bars going out of business downtown….etc…....

25 | Posted by rich | Jul 30, 10:44 PM

Rich,

I have moments of pessimism as well, and often think, “f**k Tacoma, I wanna be somewhere where things are really happening…” What you have to realize, though, is that regardless of where you go, there will always be political leadership that only wants the status quo. Even in places like Portland, there are powerful people that object to any new development, high-density or not.

I share your views that much of the current City leadership lacks the vision to help create a truly world-class city. They are people, however, and their views can be changed. The City Council’s views are a reflection of the general populace. I would guess that the average Tacoman is opposed to more density—but this is because they have not been shown how density can be beneficial or even attractive. The minds of the citizens must be changed if the minds of the politicians are to support the type of development many of us are advocating for.

Probably the easiest way to get someone to ignore you is to insult them and accuse them of lacking vision. How would you feel if someone came up to you and told you that you’re an idiot for wanting 40-story office towers? That’s right, you would tell them to go to hell. When you take such a confrontational approach, you tend to dissuade people from actually listening to what you have to say.

I have myself struggled with human relations my whole life and am by no means an expert, but I can tell you from working with community leaders all the time that degrading them is the surest way to NOT get what you want.

I think Tacoma will eventually start to move toward what you and I consider to be the “right” direction, but support for that direction will only come from City Hall if we use a little tact in our advocacy.

Andre

26 | Posted by drizell | Jul 31, 12:36 AM

All the city needs to do is put out a RFP (Request For Proposal) similar to what Federal Way just did for the AMC Theater site, 3 highrises are now planned there. The city can make the rules for the RFP (min density, amount of commercial, public space, etc) and see what comes on the table. I bet we would get multiple developers from around North America.

I agree. The market has picked up in the area some so they could ask for somthing significant. Perhaps a model mixed use center with performance requirements.

The land that the city owns here starting hamper development plans and this part of the city back as it forms a big hole/barrier between the housing going in and the rest of downtown/UWT.

27 | Posted by Erik B. | Jul 31, 01:09 AM

I see what your saying…and I would agree if your just talking about a relationship between you and I…..but, when your in the public eye, you work for the public and part of that is hearing not only the nice stuff but hearing the crap from people that don’t agree not matter how much of a jerk they’re being…..also, if a leader did something just to go against someone, they wouldn’t be much of a leader….just my two cents…..ok, so usually I throw in a few dollars…....

28 | Posted by rich | Jul 31, 06:27 AM

Commenting is closed for this article.

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  • Posted:28. July 2007, 20:50
  • Author: Derek Young
  • Category:
  • Comment Status:Closed

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