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 a new development. Initial studies and drawings indicate an ability to build over 480,000 square feet of office, retail, hospitality, and/and multifamily to a height limit of 400’ on the existing ±69,165 SF lot, with additional underground parking. 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.
Interim parking income and extensive pre-development/due diligence work provides a developer a clear path forward.
This site also falls within a Qualified Opportunity Zone.