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More On Possible Brewery District Development
Earlier this month we wrote about a group of investors interested in developing a significant chunk of Tacoma's Brewery District. The self-named "Brew Crew" is looking into buying and developing three City-owned properties in the blocks just south of the University of Washington Tacoma campus.
This week the Business Examiner has a few more details on the Brew Crew's vision for the properties (think Seattle's Pike's Place neighborhood or Portland's Pearl District). Here are some highlights:
- a craft microbrewery and distillery,
- a market with fresh produce and seafood, and
- a multifamily housing complex.
- Their vision also involves an emphasis on the arts, including the incubation of area entrepreneurs and artisans so the district can become a focal point where local wares and businesses can be showcased.
2308 Holgate - City Maintenance Building
- PJ Hummel and Company principal PJ Hummel wants to repurpose the building as a headquarters for her event design and decor agency, making use of the ample storage and street-level loading bays, giving the company a downtown base for operations - an improvement over its current Tide Flats location.
- The events company might even turn a portion of the building into an in-house event space, which hasn't been possible in its current location because of zoning
- Plans at this point are for a $1 million project with purchase and renovations
- Hummel has bank approval for the purchase
2304 C Street - Former City Stables - More recently Public Works Administrative building
- Denny Anderson of Real Estate Investment Services wants to renovate the building that once housed horses that pulled fire equipment.
- He hopes to attract restaurants, bars, and microbreweries to fill the spaces
- Anderson has bank approval for his $600,000 offer on the stables
2335 Jefferson - The Yard - Parking and storage for the City
- John Lewis of real estate development company AmmGen wants to build a multi-family residential complex on the more or less vacant lot
- Units would be designed to appeal to students at UWT
- Lewis plans to leverage EB-5 immigrant investor financing for the project, incuding a $810,000 puchase price and planned $38 million construction project
In the area between the stables and the Holgate maintenance building, the investors would like to see a 24-hour indoor/outdoor market for local farmers, food makers, and others to sell their wares. Read more about the investors and their plans from the Business Examiner.
All of the offers are slightly less than what the City listed the properties at back in November, but the proposed plans do sound like they might meet the City's other stated criteria for the sale of its properties - that they should be sold for development that would "catalyze the revitalization of the Brewery District and South Downtown."
Although the Brew Crew does share a vision for the district, and plans to develop in parallel with each other, each member would be purchasing and developing their building separately. Three buyers with one vision, working simultaneously on a coherent revival of the long neglected Brewery District - is it too good to be true?
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