September 19, 2017

New projects on the horizon

August happenings: new projects breaking ground and opening doors

There’s a lot going on in and around Tacoma-Pierce County. Here are three significant events that happened in August:
  • Tacoma’s skyline is changing. The EDB joined local dignitaries for the Aug. 8 groundbreaking ceremony for a $150 million hotel and mixed-use development adjacent to the Greater Tacoma Convention Center. China-based developer Yareton Investment and Management LLC is developing the Marriott Tacoma Convention Center. The 22-story, 300-room hotel is expected to lure more visitors and bigger events to Tacoma, and grab the attention of potential investors. The project will create an estimated 1,000 construction jobs and 200 full-time, hotel-related positions.
  • On Aug. 10, Mitsui-Soko (U.S.A.) Inc.celebrated the grand opening of its Frederickson facility, the company’s first Northwest location. Company leaders flew in from Japan to attend the opening, and were joined by local officials. The 200,000-square-foot warehouse space represents a $17-million investment by Mitsui-Soko. The facility plays an important role in the local aerospace supply chain and employs dozens of workers. The EDB and Pierce County helped find the best site for the world-class facility, and ensured it was completed on time and on budget.
  • The Kōz Development Board of Managers celebrated the groundbreaking for their 1554 Market Street Project on Aug. 23. The building, across the street from the University of Washington Tacoma campus, will feature 104 furnished studio apartments and include ground-level retail space.

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