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Old Posted Aug 4, 2014, 7:05 PM
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TACOMA Metro & So. Sound Activity

Tacoma Metro (downtown and suburbs) and South Puget Sound activity tracking.

China-based investment firm proposes two-tower hotel-condo complex for downtown Tacoma
By John Gillie, Staff writer
April 11, 2014
http://www.thenewstribune.com/2014/0...#storylink=cpy

City officials will ask Tacoma City Council approval Tuesday to begin negotiations with a Chinese-owned development company that seeks to build a twin-towered retail, hotel and condominium complex on a city parcel adjacent to Tacoma's convention center.

The proposal by Yareton Investment and Management LLC calls for construction of a 300-room luxury hotel, 150 condominium units, a 400-car garage and a large retail space just south of the Greater Tacoma Convention and Trade Center. The convention center is located at South 16th and Commerce streets.

Yareton is a Seattle-headquartered subsidiary of the Shanghai Mintong Real Estate Co. Ltd.

The company, which is building a 250-room hotel on Pacific Highway South near Sea-Tac Airport in Des Moines, was one of five developers responding to Tacoma's request for information regarding hotel construction on the convention center parking lot site.

Yareton's proposal was the only one of the five which called for no city subsidies to aid the construction and operation of the hotel complex.

"It's a very solid proposal," said Elly Walkowiak, a city development manager. Yareton told the city the whole complex would represent a $200 million investment when completed.

A Yareton envisioned the complex built in what now is a parking lot at South 17th Street and Broadway, as two towers.

The first tower would include 10,000 to 60,000-square feet of retail space on the ground floor and parking beneath it. That tower would rise as high as 34 stories, making it the city's tallest. The tallest building in downtown Tacoma now is the 25-story Wells Fargo Plaza. The tower's lower floors would contain the hotel's 300 rooms while the upper floors would be devoted to condominiums.

A second tower rising 12 to 18 stories would be mostly devoted to residential condominium units.

Read more here: http://www.thenewstribune.com/2014/0...#storylink=cpy

Last edited by mSeattle; Aug 4, 2014 at 7:25 PM.
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Old Posted Aug 4, 2014, 7:07 PM
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School arts program gets space in Tacoma
By JOURNAL STAFF
http://www.djc.com/news/re/12068394.html


Photo courtesy of Neil Walter Co. [enlarge]

Tacoma Public Schools will decide how to renovate a building it is buying for Tacoma School of the Arts after the sale closes, likely late this month or in September, a district spokeswoman said.
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Old Posted Aug 4, 2014, 7:43 PM
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The School of the Arts is a cool concept. They've existed since I'd guess the 1990s(?) and growing would be great. It's good for students to be close to arts organizations and transit, and it's good for Downtown Tacoma, even if they're not big spenders and high school art students (oh no, dyed hair!) might be off-putting to some people.

The towers would raise Downtown's game. Rejuvenation seems strongest in the waterfront/UW/museums/convention area, and this would add some gravitas and activity in that area, toward the CBD end.
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Old Posted Aug 4, 2014, 8:52 PM
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August 1, 2014
Rush starts Proctor Square in Tacoma
By JOURNAL STAFF
http://www.djc.com/news/co/12068323.html


Image courtesy of BCRA [enlarge]

Rush Commercial Construction broke ground last month on the $20 million Proctor Square project in North Tacoma for its parent, The Rush Companies. The site is adjacent to Mason Middle School, at North Proctor and 28th streets.
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Old Posted Aug 4, 2014, 9:07 PM
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Point Ruston moving quickly to second phase
By John Gillie
Staff writerJuly 10, 2014
http://www.thenewstribune.com/2014/0...#storylink=cpy

For the ever-optimistic Mike Cohen, managing partner of the Tacoma’s largest mixed use development project, Point Ruston, reality is finally matching his dreams.

Construction activity at the site of the former Asarco copper smelter near Point Defiance Park is moving swiftly into the development’s second phase as Cohen tries to meet a growing demand for more waterfront apartments, condominiums and retail spaces.

The Copperline Apartments, the first major building in the multi-phase development, is 100 percent leased. The 21 water-view condominiums in the first phase of the Copperline Condominiums are sold out. Of the 22 condo units in the second phase of the Copperline only six remain available.

Read more here: http://www.thenewstribune.com/2014/0...#storylink=cpy



Rostislav Borisnicevien builds a concrete form for the next portion of The Copperline Condominiums at Point Ruston on Tacoma's waterfront, July 10, 2014. The Copperline Apartments are behind. PETER HALEY — Staff photographer

Read more here: http://www.thenewstribune.com/2014/0...#storylink=cpy
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Old Posted Aug 4, 2014, 9:41 PM
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Quote:
Originally Posted by mhays View Post
It's good for students to be close to arts organizations and transit, and it's good for Downtown Tacoma, even if they're not big spenders and high school art students (oh no, dyed hair!) might be off-putting to some people.
A real city has all types. There will be more "traditional" arts too I think, being near the theaters, auditoriums and galleries.
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Old Posted Aug 4, 2014, 10:33 PM
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Good to see these developments for Tacoma. One of the places I will visit by the end of August. The whole region is booming! Those are some lovely condos going up. They have a very European vibe to them.
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Old Posted Aug 16, 2014, 10:09 PM
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August 15, 2014
Three Tacoma sites get $90K for cleanup
By JOURNAL STAFF
http://www.djc.com/news/en/12068856.html?cgi=yes

OLYMPIA — The state has given the Foss Waterway Development Authority a $90,000 grant to help clean up three brownfields along the Tacoma waterway.

The three sites could be redeveloped with office buildings or a mix of commercial and residential uses.
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Old Posted Aug 16, 2014, 10:15 PM
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Nice to see Tacoma being represented on SSP. IMO Tacoma is the sleeping giant of real estate within MSA Seattle.
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  #10  
Old Posted Aug 17, 2014, 12:31 AM
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^ I would agree. There's a lot to Tacoma and much potential.



Business
Can Tacoma’s new Amtrak station spur development in the city’s Dome District?
By John Gillie
Staff writer
August 16, 2014
http://www.thenewstribune.com/2014/0...ml?sp=/99/261/

When Amtrak three decades ago announced it was shutting down operations at Tacoma’s grand but crumbling and oversized Union Station and replacing it with a pedestrian brick box of a building on Puyallup Avenue, critics and civic leaders weren’t happy.

The new building, then a better, more affordable fit for the volume of passenger train service through Tacoma, was derided as an “Amshack” and called unsuitable as rail gateway to the “City of Destiny.”

That move left Tacoma, a city that now has more Amtrak rail passenger traffic than Atlanta, Detroit, Minneapolis-St.Paul and Miami, with perhaps the most modest and ordinary station among the cities on Amtrak’s Cascade Corridor between Vancouver, B.C., and Portland.

Now, the impending rerouting of passenger trains from the traditional waterfront route through Tacoma to a route that passes near the Tacoma Dome, through South Tacoma, Lakewood and Dupont before rejoining the main line in Nisqually, has given Tacoma yet another opportunity to create the kind of imaginative, welcoming and functional station the community says it wants and needs.

Read more here: http://www.thenewstribune.com/2014/0...#storylink=cpy
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