Construction on Tacoma’s long-awaited Thea Foss Waterway hotel will begin within 60 days, a partner in the project said today.
Dave Murphy, the mixed-use project’s architect, said the project finally has the green light.
“Papers have been filed,” he said today.
Today was the deadline the Foss Waterway Development Authority had given the prospective hotel owners to obtain the financing to build the project.
That deadline had been extended many times over the last four years as the project’s developers reworked the project concept and sought financing.
The final plans call for construction of a 100-room boutique hotel, 22 high-end condominiums, a 160-car garage, a restaurant and two retail spaces on a site on the west side of the Foss Waterway adjacent to downtown.
That site is just south of the 8-story Esplanade condominiums now under construction south of the 15th Street Bridge.
Murphy said the hotel will open sometime in 2009.