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Pierce County apartments: Catch up on new developments like Tacoma’s Cornus House

Stories by Tacoma News Tribune journalists, with AI summarization

Pierce County is experiencing rapid changes in its housing landscape, with new developments, evolving zoning policies, and population growth fueling these shifts. This collection of stories illustrates the growing demand for both market-rate and affordable housing, as seen in new transit-oriented projects like Tacoma’s Cornus House and the Lakewood Towne Center Apartments.

Meanwhile, the $40 million sale of Altitude 104 in Parkland and ongoing foreclosures at Tacoma Town Center shed light on the broader economic pressures shaping the local market. In response to these trends, Pierce County continues to grapple with affordability as rising evictions and stagnant wages outpace efforts to address the long-term housing shortage.

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.

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

NO. 1: 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

Sundance apartment community, 210 27th Ave. in Milton, recently sold for more than $28 million.

NO. 2: PIERCE COUNTY APARTMENT COMPLEX SELLS FOR FIRST TIME IN TWO DECADES. HERE’S WHO BOUGHT IT

The transaction adds to growing list of multi-million dollar sales in the region in recent months. | Published January 7, 2025 | Read Full Story by Debbie Cockrell

Property values in Pierce County are down slightly in 2023 compared to the year prior. Tacoma saw one of the largest drops in value, around 5%. By David Ryder

NO. 3: PIERCE COUNTY EVICTION RATE IS RISING. DID TACOMA ‘TENANT BILL OF RIGHTS’ MAKE AN IMPACT?

Tenant advocates and property managers agree that governments need to find solutions to address the affordable-housing crisis and rising rates of homelessness. | Published January 29, 2025 | Read Full Story by Becca Most

Cornus House Apartments, 2501 Commerce St., was the site of a ribbon-cutting open house event Wednesday in Tacoma.

NO. 4: 8-STORY TRANSIT-ORIENTED APARTMENT COMPLEX OPENS IN TACOMA. IT HAS GREAT VIEWS, AMENITIES

Cornus House is one of three projects in the city by a Seattle-based developer. | Published January 24, 2025 | Read Full Story by Debbie Cockrell

Rendering displayed Friday at a public hearing for Lakewood Towne Center Apartments showed one of the planned buildings and surrounding landscaping.

NO. 5: ‘ASPHALT PRAIRIE’ OR NEW APARTMENTS? LAKEWOOD HEARING AIRS PROS, CONS OF TOWNE CENTER SITE

Several spoke out against risk of more polluting storm water runoff while proponents contended the project would improve site. | Published January 26, 2025 | Read Full Story by Debbie Cockrell

An aerial of Altitude 104 shows the sprawling apartment complex near Joint Base Lewis-McChord. The site recently sold for just over $40 million.

NO. 6: THIS PIERCE COUNTY APARTMENT SITE HAS SOLD FOR MORE THAN $40M. HERE ARE THE DETAILS

The more-than-12-acre apartment community includes a mix of units spanning one to three bedrooms. | Published February 5, 2025 | Read Full Story by Debbie Cockrell

Rendering displayed Friday at a public hearing for Lakewood Towne Center Apartments showed one of the planned buildings and surrounding landscaping.

NO. 7: HERE IS HOW LAKEWOOD TOWNE CENTER APARTMENT PLANS FARED IN HEARING EXAMINER DECISION

Conditions aim to mitigate concerns on traffic, stormwater runoff and more. | Published February 11, 2025 | Read Full Story by Debbie Cockrell

A view of the Tacoma Trax apartment site, 415 E. 25th St., in February, filed with the parcel’s listing with Pierce County.

NO. 8: THIS UNFINISHED TACOMA APARTMENT PROJECT MIGHT HAVE NEW LIFE. WORKED HALTED AROUND 2022

Plans call for 202 units and commercial space in an eight-floor building. | Published February 17, 2025 | Read Full Story by Debbie Cockrell

A developer has plans for a parking lot the city of Puyallup owns at West Pioneer Avenue and Third Street Southwest.

NO. 9: 138 APARTMENTS PLANNED FOR DOWNTOWN PUYALLUP PARKING LOT. HERE’S WHAT WE KNOW SO FAR

The developer of the mixed-use project would pay almost $2 million for the land and would do $295,000 in roadway and parking improvements on the block. | Published March 11, 2025 | Read Full Story by Isabela Lund

This is one of the renderings of the proposed development for downtown Puyallup’s AOB parking lot. This is not the final design -- these renderings are for illustrative purposes only. The Puyallup City Council recently took a step further in making these apartments a reality by asking the developer, Urban Olympia, for a draft development agreement between the developer and the city. An open house and public hearing are planned before city staff go before the council again.

NO. 10: NEW APARTMENTS PLANNED FOR LOT IN DOWNTOWN PUYALLUP. WHAT DOES THAT MEAN FOR PARKING?

The developer would like to see a restaurant on the ground floor of the mixed-used building. | Published March 14, 2025 | Read Full Story by Isabela Lund

Auburn Park 44 recently sold to a Beverly Hills-based investment entity primarily known in this region for owning multifamily units.

NO. 11: BEVERLY HILLS INVESTOR THAT OWNS AREA APARTMENT COMPLEXES ACQUIRES $44M DISTRIBUTION SITE

The 204,458-square-foot multi-tenant industrial/distribution building is on more than 9 acres. | Published March 24, 2025 | 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.