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Plan to turn old school into community center in jeopardy. Are apartments on horizon?
A campaign to purchase the historic Parkland School and convert the building into a community...

Financial difficulties faced by developers pose challenges to sustaining multifamily projects.

January, 2024 - December, 2024
Housing and land transformations in Tacoma indicate an shift toward multifamily development. Financial difficulties faced by developers, as seen in the case of Harbor Custom Development's bankruptcy, pose challenges to sustaining multifamily projects.

Meanwhile, the success of new developments like the Pottery Creek Apartments in nearby regions suggests a growing market for structured and rent-restricted units. Furthermore, significant sales and redevelopment efforts, including the acquisition of a former bank site for apartment construction, illustrate a real estate market pivoting toward housing densification near transit and urban centers.
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