Exit133 is about Tacoma
Pacific Northwest City of Tacoma Hosts Economic Showcase for Developers and Investors on June 1
Tacoma, Wash. -- Highlighting recent and planned developments, as well as opportunities for developers and investors, the City of Tacoma’s Community and Economic Development will host an Economic Showcase on June 1, from 8 – 11 a.m., at LeMay: America’s Car Museum (2702 E. D St. in Tacoma).
“A growing metropolitan area surrounded by the incredible natural beauty of Commencement Bay with vistas of Mount Rainier, Tacoma is on the rise and we’re proud to show it off,” said Community and Economic Development Director Ricardo Noguera. “Those who live and work here enjoy a broad array of lifestyle amenities, and they have more time to enjoy them because they’re spending less time commuting. And those who are exploring the possibility of developing or investing in Tacoma will see that, not only is Tacoma competitively priced, it is also very well situated along I-5 and easily accessible from Seattle and Portland. It is also home to one of the largest ports in the United States, the University of Washington Tacoma, two regional hospitals and a diverse economic base.”
The upcoming Economic Showcase will include presentations on:
Adaptive Reuse of Historic Buildings
McMenamins, a Portland-based brewer, is acquiring and restoring historic buildings into boutique hotels, restaurants and bars.
University of Washington Tacoma, a unique urban campus, has plans for expansion over the coming years and continues to grow with its restoration of historic buildings and the establishment of a retail pedestrian corridor along Pacific Avenue.
Start-ups as well as expanding tech companies from Silicon Valley like Infoblox are seizing opportunities to grow in Tacoma and tap into its reliable and skilled workforce, as well as students emerging from the top-notch Computer Science and Information Technology programs at the University of Washington Tacoma, and competitively priced office spaces in a very walkable downtown community.
Foreign Direct Investment
There are two major developments and more on the way, including a 4-star 300-room convention center hotel and town center adjacent to the University of Washington Tacoma, representing a combined value of approximately $300 million.
There is a high level of interest in Tacoma’s downtown area among residential builders from Seattle and Bellevue to Portland, due to vacancy rates of less than 3 percent and residential rates that have now surpassed $2.20 per square foot.
A variety of office and residential development opportunities in downtown Tacoma will be presented and discussed at this event.
Additional information is available through Chrisy Vindivich in the Community and Economic Development Department, by emailing firstname.lastname@example.org or calling (253) 591-5141.