Shovel ready 148- unit development opportunity   in Tumwater, WA

Kidder Mathews is pleased to present the sale of the Tyee Landing Development site, a fully permitted 148-unit site located in Tumwater, WA.

Tyee Landing presents a rare, fully entitled multifamily development opportunity in Tumwater, Washington, with approved plans for a 148-unit apartment community. All entitlements have been secured, with permits ready to be picked up, allowing a developer to break ground immediately and capitalize on Washington’s limited dry construction season. The project is fully vested under the prior energy code, providing a meaningful cost advantage relative to current development standards—an increasingly valuable benefit in today’s high-cost construction environment. The flat, ±5.24-acre site further enhances efficiency by minimizing site work complexity and reducing execution risk.

Strategically positioned within a growing South Puget Sound submarket, the property benefits from significant nearby retail investment, including the recently delivered Kingswood Center—a 9+ acre commercial hub featuring national tenants such as Starbucks, Chipotle, Wendy’s, and a new hotel. This expanding retail corridor reinforces long-term tenant demand and enhances the overall livability of the immediate area.

With permits in place, reduced entitlement risk, and a clear path to immediate construction, the offering provides developers with a highly executable opportunity to deliver new multifamily housing with speed, cost efficiency, and confidence.