Developer Plans 40 Million Investment in Downtown Puyallup
Palindrome Communities is embarking on a transformative $40 million investment in downtown Puyallup, planning a mixed-use development that will include a brewery, a five-story apartment building with 115 rental units, nine townhomes for sale, and a food hall. This initiative aims to revitalize a city-owned property, long vacant since the city purchased it over 20 years ago. The project, which also features a public plaza, is expected to enhance community engagement and stimulate local economic growth. Palindrome president Robert Gibson emphasized the company's commitment to operating the development, ensuring a family-friendly environment. Public hearings are slated for early next year, where the city council will vote on the necessary agreements to facilitate the land sale.
The new residents are projected to contribute an estimated $1. 3 million annually to local businesses, underscoring the project's potential economic impact. Puyallup officials view this development as a "keystone project" that aligns with the community’s long-held vision for downtown revitalization. With the aim to break ground in early 2026, the initiative promises to reshape the downtown landscape significantly.