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Development Gathering Momentum at Point Ruston?

We don't want to jinx anything, but with a few recent stories we're starting to feel something that you could possibly call "development momentum" in Tacoma. First The Henry, then The Proctor, and now work is resuming down at Point Ruston.

The News Tribune reports that the new year will bring with it new construction at the waterfront site. Work is already underway on a 43-unit condo building, and construction continues on custom built homes up on Stack Hill.

And groundbreaking is scheduled for Jan. 2 for a mixed-use structure that will house a multiplex movie theater and 139 housing units including 44 condominiums and 95 apartments atop the theater building.

Plans are for the new Century Theater complex to open spring of 2015, and ultimately to include a couple restaurants along with the theater.

The next project after the condos and the theater building would be a 1,500 car parking structure with street-level retail spaces, to include a 25,000 square-foot grocery store. Marlene's won't be going in there, but the developers apparently have another store on the line for the space - no name yet, but they're close to finalizing.

After that the next project would be the new Silver Cloud Inn, complete with waterfront pool and restaurant, followed by more mixed-use development with apartments, condos, and retail.

Could this be the (re)start of something big around here?

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I must admit that I’m a little curious about how the local streets are going to handle all those additional cars. I don’t follow development news all that closely but I assume they’ve done some evaluation of the infrastructure demands, right?

December 11, 2013 at 10:58 pm / Reply / Quote and reply

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