7 ways apartment developers are transforming the Puget Sound

Apartment developers are reshaping the Puget Sound region. Some projects are redeveloping sites like a bank branch and a car dealership into new, mixed-use developments. There is a push for higher-density living while integrating retail, entertainment, and green spaces. Multi-family tax exemptions incentivize affordable housing and rising construction costs remain a challenge for developers.

The summary above was drafted with the help of AI tools and edited by journalists in our News division. All stories below were reported, written and edited by McClatchy journalists.

A rendering shows Huber Properties LLC’s plans to build apartments at 201 Fifth Ave. NE in downtown Puyallup.

NO. 1: WHAT’S BEING BUILT ACROSS FROM GRAYLAND PARK IN DOWNTOWN PUYALLUP? HERE’S WHAT WE KNOW

The location is attractive for commuters, the builder said. | Published January 20, 2025 | Read Full Story by Alexis Krell

Early conceptual renderings give a rough idea of what the Palindrome Communities mixed-use project in downtown Puyallup could look like.

NO. 2: A DEVELOPER THAT BREWS ITS OWN BEER PLANS $40 MILLION INVESTMENT IN DOWNTOWN PUYALLUP

The five-story apartment building in downtown Puyallup would have 115 units. The project also calls for nine townhomes for sale and a food hall. | Published December 15, 2024 | Read Full Story by Alexis Krell

23 Broadway Apartments, 23 N. Broadway in Tacoma, is now leasing.

NO. 3: NEW 7-STORY APARTMENT SITE NOW LEASING IN TACOMA’S STADIUM DISTRICT. HERE ARE DETAILS

The developer is affiliated with an LLC that recently purchased the former Harvester restaurant site. | Published December 20, 2024 | Read Full Story by Debbie Cockrell

Pacific Ridge Apartments, 8445 Pacific Ave. S., is in the middle of the latest twist in the ongoing bankruptcy proceedings of Harbor Custom Development, the site’s developer.

NO. 4: WHAT’S NEXT FOR TACOMA APARTMENT SITE? OWNER’S BANKRUPTCY PROCEEDINGS OFFER GRIM TAKE

The company’s financial straits are complicated by “unduly burdensome” complex, according to court filings. | Published June 16, 2024 | Read Full Story by Debbie Cockrell

A look at the site for proposed new townhomes at 5312 N. 30th St., Tacoma, seen here in April 2022.

NO. 5: TOWNHOME PROJECTS PROPOSED IN TACOMA AND LAKEWOOD. ‘WE HOPE TO DO MORE,’ DEVELOPER SAYS

“Not everybody wants to be in an apartment,” the developer told The News Tribune. | Published October 9, 2024 | Read Full Story by Debbie Cockrell

Bella Vista Apartments, 3502 S. Mason Ave., was sold May 7.

NO. 6: SOUTH TACOMA APARTMENT SITE SELLS FOR MORE THAN DOUBLE ITS SALE PRICE IN 2013

New owner also owns another larger apartment site in Tacoma. | Published May 10, 2024 | Read Full Story by Debbie Cockrell

KeyBank’s Proctor branch, 3917 N. 26th St. is set to close effective April 26.

NO. 7: GOODBYE FORMER PROCTOR BANK BRANCH, HELLO APARTMENTS: HERE’S WHAT’S BEING CONSIDERED

The project is valued at approximately $23 million. | Published October 21, 2024 | Read Full Story by Debbie Cockrell

This report was produced with the help of AI tools, which summarized previous stories reported and written by McClatchy journalists. It was edited by journalists in our News division.