Thursday, August 27, 2009

Point Ruston Update


Loren Cohen of Point Ruston brought me up to speed on their projects this week. Here’s what he had to say:

The team is waiting on the permits to install the utilities for the Point Ruston project. They are about 90% done with the design and hope to have permits issued from Tacoma very soon. He said he is pleased with where the project is right now.

The soil being placed at the bottom of 51st Street is in preparation for the new roundabout that will connect 51st to Ruston Way. The area is being “pre-loaded” in preparation for the new road once the permits are issued. Doing the work now also gives them time to monitor the soil and see if there is any unexpected settling and that compaction works as planned. The area is being brought up to final grade now. Even though sewer and other utilities will be placed in this area soon, trenching will be needed regardless. Loren said there was no reason to delay this work while waiting for the permits.

If the final engineering approvals come through in the next month as hoped, there is a chance work could begin on the new Ruston Way (and tunnel closure) this fall. With the fill being placed on the Ruston side already, work could begin sooner on this end. But it’s more likely the tunnel closure will happen next spring.

Work on the Copperline building is on hold, waiting for the needed infrastructure improvement to catch up with the building. It’s better to wait right now with only concrete exposed rather than have a framed building sitting out in the weather.

The permits for Building 7 will be submitted to Tacoma soon. This building will house apartments and there are good financing packages available for that type of development right now. Loren offered assurances that both projects (Stack Hill and Point Ruston) are solvent and moving ahead.

I’ll have more on the Shoreline permits and Silver Cloud Hotel in a few days…

1 comment:

Anonymous said...

Thank you for the update Karen. Lets hope this economy picks up some speed. Everyday that work gets done on the site is a good day for us.

Pt Ruston. We'er pullin for ya!