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Foss Harbor Development
On the Market
For more information about this property, please contact the listing broker.
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
Development Details
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: Market Pricing
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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