Overview

Offering Materials

Property Website

Description

Lee & Associates is pleased to present the opportunity to purchase Tacoma’s premier development site, the Super Block. Located in the heart of the Financial District and immediately adjacent to freeway on and off ramps, the site is ideally situated for development.

The Downtown Commercial Core zoning has a height limit of 400’; initial studies and drawings indicate an ability to build nearly 480,000 square feet of office, retail, hospitality, and/or multifamily. Interim parking income and extensive pre-development / due diligence work provides a developer a clear path forward.

The Super Block, ±69,165 SF of land with additional underground parking, provides a developer the ability to control two full city blocks in Downtown Tacoma. A developer would have the ability to vacate the alley between the two blocks, providing approximately 12,000 SF of additional land, and almost 2 contiguous acres in total. Extensive pre-development work has been completed including construction drawings for a ±250,000 office building, and multiple massing studies depicting up to a 665,000 SF office building with underground parking and retail. The Super Block currently has approximately 304 parking stalls, including secure underground parking.

The site also fall within a Qualified Opportunity Zone.

Location

Recently named one of America's Happiest Cities by Outside magazine, Tacoma is consistently recognized as one of the most livable and walkable cities in America. Continuous investment in infrastructure improvements, international maritime trade, and its renowned art ecosystem, plus a redeveloped waterfront, an award winning parks system, and thriving downtown districts attract people from all over the nation.

Lots

Lot 1

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