East Campus Development
East Campus Development
East Campus is fully entitled with SEPA in hand for a six-story mid-rise containing 110 units and 122 surface parked stalls. Ownership is willing to take entitlement through Pierce County permitting and offer developer shovel ready site with all permits ready to be picked up or "as is" with site development / site plan approval. Estimated completion date for approved building permit is summer 2025.
MULTIFAMILY TAX EXEMPTION (MFTE) East Campus is approved for 12-year tax abatement. To qualify, 20% of units will need to be offered at 80 - 115% of the AMI in Pierce County.
BEST IN CLASS AMENITIES PACKAGE Leasing office & lounge, mail parcel lockers, bicycle storage, dog wash station, party room and rooftop deck.
TRANSIT ORIENTED DEVELOPMENT; East Campus will be the beneficiary of new bus rapid transit (BRT) expansion stop right off 112th street connecting straight to Tacoma CBD.
SHOVEL READY site potential; East Campus can be ready to break ground summer 2025.
PACIFIC LUTHERAN UNIVERSITY (PLU) Located on this campus, East campus will provide much needed housing option for PLU students, alumni, facility and families.
QCT / DDA Zone East Campus is located within qualified census tract (QCT) and difficult to develop area (DDA) providing potential for tax exempt state and federal bons to be issued to new ownership.
| Price | Market Pricing |
| Bid Date | Reviewing offers upon receipt |
| Terms | Flexible closing terms; conventional purchase and joint venture considered. |
| Address | 214 121st St S, Tacoma, WA |
| Parcels | 676200-2501 (Pierce County) |
| Total Site Area | 57,287 SF / 1.32 AC |
| Zoning | Town Center (TC) |
| Status | SEPA Approved |
| Residential Units | 110 |
| Proposed Residential | 70,252 SF |
| Parking Stalls | 53 Garage / 69 Surface Lot / 122 Total (1:1.1 Ratio) |
| Project Architect | Veer Architecture, PLLC |
| Projects Civil | Contour Engineering, LLC |
For more information, please contact:
AUSTIN KELLEY
Senior Vice President
253.722.1413
austin.kelley@kidder.com
TED SIPILA, CCIM
Senior Vice President
253.722.1421
ted.sipila@kidder.com
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Arizona, and Nevada. For more information, visit kidder.com.
