Condo developments could get limited property tax exemptions

Members of the City Council approved two resolutions during their Feb. 22 meeting that awarded multi-family limited property tax exemptions to two condominium developments totaling 110 units along Market Street in downtown Tacoma. One resolution gave an exemption for New Urban Properties, LLC, to build 52 condominium units between 708 and 714 Market St. in the downtown mixed-use center. The second resolution approved the exemption for Catapult Development Partners, LLC, to build 58 condos between 728 and 740 Market St.