Spaceworks Fills Vacant Retail

Vacant storefronts don’t promote development and growth, Spaceworks manager Heather Joy tells us, so one way to fill them is to target small, creative tenants with rental incentives. Recently, four businesses, all local, opened at Spaceworks’ latest redevelopment, a 5,000 SF property on MLK Way in Tacoma’s Hilltop neighborhood (above): a t-shirt shop, two art galleries, and an entertainment production company. A trial period allows the businesses six months' free rent through the Spaceworks program; afterwards, they usually become rent-paying tenants. Launched in 2010 as partnership between City of Tacoma and Tacoma-Pierce County Chamber, Spaceworks has worked with more than 150 entrepreneurs and artists to create 31 new sites for business and art in Tacoma.

Continue reading this story with a free account

Log in or register
Related Topics: Heather Joy , Local retail , Spaceworks , Tacoma
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

How Pacific Northwest Multifamily Owners Are Using Sustainability To Strengthen Asset Performance

JLL: Holiday Spending To Rise Nearly 10%, But Shoppers Aren't Splurging On Gifts

Philly Restaurant Operators Avoid Percentage Rent, Tenant Improvement Deals

Kroger Plans 3 New Store Formats, 110 New Locations In Bid To Boost Sales

Food Hall Planned Near Broncos' Burnham Yard Stadium Site

Next Phase Of Amsterdamse Poort Redevelopment Kicks Off

Seattle Property Owners Face A Patchwork Of Stormwater Rules. Here's How To Stay Compliant

Site Centers To Stop Trading As It Winds Up Operations

Los Angeles Trials Its Own Vacant To Vibrant Program