After several decades as one of downtown Tacoma’s venerable eye sores, Park Plaza South is getting a makeover. On a recent site visit, contractors were busy working on the project, fences encircled the structure, and two billboards advertised office and retail space.
Earlier this year, the City of Tacoma settled with existing, street-level business to relocate their shops to make way for the structure’s redevelopment.
Pacific Plaza LLC, a development group, is in the middle of a $32.5 million renovation of the building, located near So. 12th St. and Pacific Ave.
When completed next year, the revamped facility will boast two new floors of office space, one new level of parking, and expanded and improved street-level retail totaling 30,000 square feet. On Dec. 11, City Council approved the sale of approximately $10 million in bonds to help pay for the project.