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Tacoma Dome Transit Oriented Development - Who’s Interested?
Pierce Transit and the City of Tacoma are looking for someone to invest in a new transit oriented development near the Tacoma Dome. This week the City issued a Request for Interest in the site at 415 East 25th Street. The site sits across the street from Freighthouse Square, just west of the Tacoma Dome park and ride.
The existing building on the half acre of Pierce Transit owned land would be demolished to make way for a "high quality transit-oriented housing project."
According to the RFI, target tenant markets include commuters to Seattle, with market studies suggesting that the site is a good spot for a five to seven story, 75- to 100-unit, primarily studio and one-bedroom, multi-family housing. The project would also be likely to include 3,000 to 9,000 square feet of commercial space for Pierce Transit uses, as well as retail space. The appraised value of the property is listed at $525,000.
Responses to the RFI are due to the City of Tacoma by August 25.
A recent feasibility study called the Dome District "one of the most underutilized residential districts in the South Sound." That study, produced in partnership between Tacoma Housing Authority and Pierce Transit, envisions a mixed-use, mixed-income structure, envisioned in the artist's rendering at the top of this article. That same image appears in the City's current RFI.
The location is a hub of transit, for Sounder, Link, local and regional buses, and the new Amtrak station, not to mention easy freeway access. Community and Economic Development is calling the site "a premier Transit Oriented Development site.
So, who's interested in building on this premier site? How about residents - who's interested in living here?
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