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Not Verified Project


Funding Needed
$169.1 (Mio)
EB5 Funding
$66 (Mio)
Amount Subscribed
$66 (Mio)
EB-5 Investors
Investment Amount


Job Creation (Total)
Accommodation and Food Services
Hotels (except Casino Hotels) and Motels


5005 Ruston Way, Tacoma, WA 98407, United States


Last Update: August 31, 2016 02:48 PM

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The Waterwalk At Point Ruston – Phase II

Developer Name
Point Ruston Phase II, LLC

Project Description

The  project  will  be  developed  by  Point  Ruston  Phase  II,  LLC  which will  purchase  the  property  ready  for  development  from  Point Ruston, LLC  an  affiliate  and  the owner of the master development. In total, the Development will provide housing for more than 3,000 residents with approximately 2,500,000 total square feet of mixeduse real estate. AURC III, LLC will invest in Phase II of the Project, being referred to as The Waterwalk at Point Ruston, which includes an  approximately  1,100,000  square  foot  commercial  real  estate development  consisting  of  approximately  218  multi-family  units,  a multiplex movie theater, retail shops, restaurants, grocery store, a 175 room 4-star luxury hotel with 12,000 square feet of conference facilities, and 1,414 structured parking spaces. The tenant mix will anchor  the  development  and  serve  the  residents  and  local population’s  entertainment  and  daily  needs,  as  well  as  be  a destination attracting people across the region. 

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