175-Unit Apartment Building Proposed for Tacoma
The new 175-unit complex at 2534 S. G St. marks an increase in density from previous plans for the site.
Updated on Oct. 27, 2026 in Apartments
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Developers recently filed permit applications for a new 175-unit apartment complex in Tacoma at 2534 S. G St. The $35.3 million project, which includes 126 parking stalls, is slated for a construction start in July 2027.
Why it matters
This project represents a significant increase in local housing density, moving from an original plan of 149 units to 175 units. The development will feature one- to three-bedroom apartments near key community hubs like the Goodwill Milgard Work Opportunity Center.
The new proposal includes 175 apartment units and 126 parking stalls, up from the 149 units and 86 stalls originally envisioned for the site. The total estimated construction cost for the building is $35.3 million.
The players
Tacoma City Council
The local governing body responsible for reviewing land-use permits and managing city tax exemptions for development projects.
The details
The developer submitted plans for the 2534 S. G St. site featuring a design that includes a central open-air courtyard and rooftop amenity space. This design approach aims to maximize common areas for residents while integrating the 175 new units into the neighborhood. The previous eight-year tax exemption approved by the city in 2021 for this location is no longer applicable to this current project plan.
Timeline
September 2019 - February 2020: Parcels were acquired by the developer.
2021: Tacoma City Council approved an eight-year tax exemption for the site.
October 22, 2026: Permit applications were filed with the city for the projects.
July 2027: Construction is anticipated to begin on the apartment building.
The Home Front
New multi-family construction in Tacoma is increasingly reliant on navigating complex municipal tax exemption structures. These incentives are designed to balance housing supply growth with city-wide urban planning goals.
Residents living near S. G St. should monitor city planning updates for potential construction traffic and noise impacts starting mid-2027. If you are tracking local housing inventory, note that this development will add a significant number of one- to three-bedroom units to the area.
The takeaway
Large-scale residential projects in urban corridors like the area near Pacific Avenue often undergo significant design shifts before breaking ground. Homeowners and renters nearby should watch for updated municipal development filings as the project approaches its July 2027 start date.
Further reading
Learn more about local rental housing trends in our guide to Tacoma Apartments.
Source note: This article includes information reported by Tacoma News Tribune.
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