Developer working on Tacoma Trax unveils its latest transit-oriented project in King County
A developer working on transit-oriented development in Tacoma has announced a joint venture for another apartment project to the north. GIS International Group, which is working on the Trax project, 415 E. 25th St. in Tacoma’s Dome District, recently announced plans for a new 125-unit mixed-use apartment project a block from Pacific Highway South in Des Moines. GIS Development (a division of GIS International) and New Core Development have submitted a land-use approval application to the City of Des Moines. The site is at South 230th Street and 30th Avenue South. The development tentatively is set to start construction next spring, according to Friday’s announcement. “We’re pleased to collaborate with the City of Des Moines on bringing much-needed market-rate housing to this dynamic, fast-growing community,” said Eugene Gershman, CEO of Redmond-based GIS, in the news release. “We anticipate delivering this perfectly located building in just a couple of years, which we believe is ideal timing given growing local demand for these types of apartments.” According to GIS: “The new Des Moines transit-oriented development will feature six stories of state-of-the-art workforce apartments; one below-grade parking level for residents and guests; a ground-floor residential lobby and commercial fitness center; a community lounge area; and various rooftop amenities including an outdoor BBQ and resident gathering area.” It noted that the project “will also have panoramic views of Puget Sound, and the Olympic and Cascade mountain ranges.” The site will feature one- and two-bedroom units and reflect “rising demand in the region for larger, more-spacious apartment homes,” GIS said. GIS’ Tacoma project, which broke ground in January, also is a transit-oriented development, tentatively set for completion in 2023. The city and Pierce Transit formed a partnership in 2014 to seek developers for the site. The company entered the project last year. When finished, the 5-story Trax will include 115 units and street-level retail, and 53 secure parking stalls. Each resident will receive an annual regional ORCA transportation pass for the bus, train, or ferry transit region-wide.