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Foss Harbor Development

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Additional information about this investment opportunity is available in the document library at the link below.

Project Summary

The Foss Harbor Development Offering consists of three parcels spanning over 2.7 acres of waterfront real estate in the heart of downtown Tacoma. Currently used for storage, parking and commercial shops that support the adjacent marina operations (marina slips not a part of offering). Foss Harbor Development Offering provides investors the opportunity to own all three parcels; two properties (owned by private selling entity Foss Harbor Marina LLC), and the third property in the form of an option to purchase contract from the City of Tacoma. Developer is responsible for seeing that marina remains accessible and operational during development phases. Please see the Offering Memorandum and Document Library for more information.

Property Details

Address
821 Dock St Tacoma, WA 98402
Parcels - Site 10
895000-208-2
Parcels - Site 11
895000-218-2, 895000-218-3
Total Site Area
120,225 SF (2.76 AC)
Zoning
DW

Development Details

Status
Conceptual; No permit application
Residential Units
330
Residential NRSF
193,885
Commercial Units
12
Total Commercial NRSF
16,000 SF
Parking Stalls
313 parking stalls I 86,007 GSF
Project Architect
Jon Graves Architects

Property Highlights

330-UNIT MIXED-USE development site sitting on over 2.76 acres of class “A” waterfront real estate in the heart of Tacoma’s Foss Harbor.

180 DEGREES of unobstructed waterfront views overlooking Puget Sound.

16,000 SF of waterfront retail and a brand-new pedestrian esplanade, maximizing the potential for foot traffic and activity.

ONE OF THE ONLY remaining land parcels in the Port of Tacoma allowed for residential development.

TAX EXEMPTION PROGRAM approved tax abatement in place for new development (8-year and 12-year with affordable component).

CENTRALLY LOCATED proximity to Tacoma’s CBD, Interstate-5, Stadium District and Tacoma’s reshaped Pointe Ruston development

Mixed-Use Development Site

180-Degree Views

Central Tacoma Location

Location

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Foss Harbor Development

821 Dock St
Tacoma, WA 98402
Units: 330 (Massing)
Price: Open Bid

About the Area

With the continued growth of the University of Washington Tacoma campus, the brand-new 97-acre development of Point Ruston, proximity to Tacoma’s CBD, and easy access to public transportation, Foss Harbor is well positioned to be a Class A focal point in Pierce County.

The Foss Harbor Development provides potential with a seamless commute to countless employment opportunities and everyday amenities. The combination of these factors along with a generational waterfront opportunity translates to a rare investment opportunity for all.

Tacoma’s downtown district has seen enormous changes over the years. Since 2001, new construction in Tacoma has reshaped the previously time-capsuled landscape. The area now has an improved Wright Park, a brand new Bavarian-style beer hall, construction for an expanded light rail, and a steadily increasing population. Residents of Foss Harbor will enjoy proximity to retail, jobs, schools and entertainment lifestyle.

35.9

Median Age

216,279

Population

$55,506

Median Income

98,060

No. of Employees

$227,200

Median Property Value

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Exclusive Listing Brokers

Kidder Mathews is the exclusive Listing Brokerage for this Offering. Dylan Simon, Austin Kelley, and Jerrid Anderson are exclusively representing the Seller in the sale of the Foss Harbor Development.

       

Direct: 206.414.8575