605 St Helens Ave Tacoma, WA 98402

This is a fully permitted, ready-for-issue 80-unit multifamily development site. Alternatively, the plans can be modified to take full advantage of the Downtown Commercial Core zoning, which features a 400-foot height limit and no minimum off-street parking requirements. The property is within a Reduced Parking Area (RPA). Located at 605 St Helens Ave, this unique, shovel-ready, demo-free development site offers unobstructed views of Rainier, Commencement Bay, the Foss Waterway, and the city. It combines convenient transit and freeway access with proximity to numerous restaurants, cafes, breweries, theaters, and nightlife, all while being situated in the safety of North Tacoma’s Stadium and Theater Districts. The project was value-engineered to maximize wood-framed construction, avoid subterranean parking and high-rise construction requirements, and minimize the need for shoring. Designed and approved based on the 2018 Code, it provides flexibility for commercial space, along with an 8-year property tax exemption with no affordability component, all while delivering unit designs and amenities that maximize the project's revenue. The 15,000-square-foot site is suited to take advantage of falling interest rates and historically low unit delivery rates, or for a development site that has minimal constraints with maximum design flexibility.