The City of Tacoma issued a Request for Interest (RFI) Tuesday seeking developers interested in constructing a hotel and mixed-use project on a nearly-two-acre site adjacent to the Greater Tacoma Convention and Trade Center in downtown Tacoma.
“It is the City’s goal to attract mid- to large-sized convention business that will more effectively utilize the Convention Center’s 79,180-square-foot capacity and enhance local economic impact,” the RFI states. “Furthermore, the City desires to incorporate public parking as part of a hotel-anchored mixed-used project. Developing synergies with a hotel immediately adjacent to the Convention Center has always been the City’s goal for this site.”
Downtown Tacoma hotels that currently serve the Convention Center include Hotel Murano, Courtyard by Marriott, and Holiday Inn Express.
The site, which is located at Broadway and South 17th Street, includes an existing 1.76-acre surface parking lot, as well as a 0.16-acre portion of an existing street which leads to Convention Center parking. According to the RFI, the property will put on the market for $6.29 million.
“It is the City’s vision that the site will accommodate a minimum 250-key hotel with a four-star flag, mixed-use development, including retail, and parking,” the RFI states.
The deadline for developers to submit their letters of interest expires at 5 p.m. on Mon., Feb. 24. More information is available online here and here.