Pierce County Apartment Site Sells for $13.7M. Will Project Have Fewer Units?

Pierce County apartment site sells for $13.7M. Will project have fewer units?

Alliance Residential acquires acreage at Lakewood Towne Center for planned apartments. Approved for 309 units with tax exemption for affordable housing.

Alliance Residential Acquires 9.69-Acre Development Site in Lakewood for $13.7MM

(Editor’s Note: According to Pierce County public records, the deal involved the address 5731 Main St. SW and the sales price was $13.7 million. The seller was an entity affiliated with Kite Realty Group, a real estate investment trust based in Indianapolis.) Tacoma, Wash. (September 15, 2025) – Alliance Residential has acquired a 9.69-acre development site within Lakewood Towne Center. The sale was brokered by Ross Klinger and Austin Kelley of …

Alliance to build 311 Lakewood units, following $13M land sale

A large Lakewood apartment development site at 5731 Main St. S.W. sold last week for $13.7 million, according to Pierce County records.

Alliance Residential Acquires Development Site in Lakewood

Alliance Residential has acquired a 9.69-acre development site within Lakewood Towne Center. The sale was brokered by Ross Klinger and Austin Kelley of Kidder Mathews, who exclusively represented the seller and led the full marketing process. The site is slated for a 285-unit apartment project that will include units under the City of Lakewood’s Multifamily Tax Exemption (MFTE) program.Located in the heart of Lakewood’s revitalizing core, the pr…

Alliance Residential Acquires 9.69-Acre Development Site in Lakewood Towne Center near Tacoma

Alliance Residential has acquired a 9.69-acre development site within Lakewood Towne Center. The sale was brokered by Ross Klinger and Austin Kelley of Kidder Mathews, who exclusively represented the seller and led the full marketing process. The site is slated for a 285-unit Class A apartment community—bringing new housing to one of the most centrally […] The post Alliance Residential Acquires 9.69-Acre Development Site in Lakewood Towne Center…