Newest Transit-Oriented Development Breaks Ground in Burgeoning Tacoma Dome District
Tacoma Trax adding 115 apartment homes, street level retail, immediate access to multi-modal transit to downtown community
TACOMA, Wash. – GIS Companies Group and DMG Capital Group, along with their project architect, City dignitaries and some 50 community stakeholders in attendance, broke ground this morning at Tacoma Trax, a dynamic mixed-use building in the heart of the Tacoma Dome District. The 5-story development is located steps away from a wide range of business and lifestyle offerings, as well as multiple modes of public transit. Tacoma Trax is due for completion in 2023.
“We identified this well-positioned site several years ago, so we’re incredibly excited to start construction on what we believe will be a game-changing project for this quickly emerging neighborhood,” said Eugene Gershman, CEO at GIS Companies Group, co-owner and general contractor of Tacoma Trax.
He added, “Today is the result of a tremendous collaboration between our award-winning project team, the City of Tacoma, Pierce Transit and many other key stakeholders in Tacoma’s downtown core.”
Speakers at the community-based event included GIS’s Gershman; Kristina Walker, Tacoma City Councilmember and Pierce Transit Commissioner; Dr. David Myaskovsky from DMG Capital, LLC, Trax’s co-ownership group; and Imad H. Bahbah, AIA, principal at Trax designer IHB Architects.
Following a short presentation to event attendees — representing the City of Tacoma, Tacoma City Council, Pierce Transit, industry and neighborhood associations, and community and civic organizations — event speakers officially started the project’s construction by breaking ground at the downtown parcel, where construction crews began initial site work several weeks ago.
Tacoma Trax is the area’s newest transit-oriented development, offering future residents and retail tenants convenient access to Sound Transit’s LINK light rail station; an Amtrak station; Sounder; Tacoma Dome Station multi-modal hub; local, regional, and national bus services; the Tacoma Dome; downtown restaurants and retail shops; and Freighthouse Square; and more.
When complete, Tacoma Trax will feature waterfront views, private balconies, 53 secure parking stalls, and an indoor, 15,000-square-foot farmers market space with roll-up garage doors. In cooperation with Pierce Transit and the agency’s ORCA for Multifamily Program, each Tacoma Trax resident will receive an annual regional ORCA transportation pass, helping to reduce traffic congestion, ease demand for limited parking and promote environmental sustainability.
About GIS Companies Group
GIS is a privately owned and operated group of construction, design, and development companies dedicated to creating dynamic, sustainable projects on commercial and residential sites. Headquartered in Redmond, Washington, GIS provides turnkey construction and development solutions, as well as project consulting and owner representation, to partners and clients throughout the Puget Sound region. GIS prides itself on its efficient, high-quality production and its deeply experienced team delivering project value across various industries and geographic boundaries. More information on GIS’s urban and suburban real estate projects and its best-in-class services is available at https://www.giscompanies.co.
About DMG Capital LLC
DMG Capital is owned by Dr. David Myaskovsky, a seasoned health professional with 27 years of experience. He has always been fascinated with construction, architecture, and real estate. He built his first luxury estate in Bellevue, Wash.’s Bridal Trails neighborhood in the early 1990s and had several successful real estate ventures since then. Dr. Myaskovksy developed his DMG Medical Dental Center showcasing his dual disciplinary approach for commercial medical space and his DMG luxury brand.
IHB Architects, the designer of Tacoma Trax, strives to enhance communities with vision, innovation, compassion and economic vitality. The company is empowered by the ability to help individuals, developers and businesses to succeed. IHB’s understanding of sustainable design methods, ideas and materials allows it to offer any level of sustainable-design features that is within reach of the client’s budgetary constraints. More information is available at https://www.ihbarchitects.com.