Rich in history and opportunity
Diverse in culture, strong in leadership and rich in history, Lakewood, Washington is a community beaming with nature and abundant opportunity. Lakewood truly is and up-and-coming hidden gem in the Puget Sound region of Washington state, with target areas for development and significant investment opportunity.
Adjacent to major transportation networks with close connections to Seattle to the north, the ports of Tacoma and Seattle and military installations, Lakewood is the second-largest city in Pierce County. Incorporated in 1996, Lakewood is home to 60,000 residents and 5,000 businesses and is the host community to Joint Base Lewis-McChord, the largest joint military base on the West Coast and one of the largest in the United States. The city is 19 square miles with 2 miles of beautiful lakes and 14 parks.
Lakewood has a thriving International District that is predominantly Korean, yet boasts multiple cultures. Visitors come from outside the state to attend our annual International Festival and film festival, to shop at our one-of-a-kind markets and enjoy authentic cuisine from around the world.
Building a downtown
Lakewood does not have a true downtown, but the city recently completed a Downtown Subarea Plan with the goal to create a rich, urban central gathering place with civic amenities, walkable streets and a mix of uses including housing, entertainment, restaurants and retail. The new Downtown will include a central park, green street loop, and festival street to host outdoor farmers markets, concerts and serve as a backdrop to café patios and other specialty shops.
Woodbrook Business Park
Currently under development is a 160-acre industrial business park. A 467,000-square-foot spec building was permitted and built last year and is already fully leased. Another 1.2 million square feet are planned. The park will meet the high demand for industrial space in our region. Woodbrook, like the rest of the city, is included in foreign trade zone No. 86 which allows for free trade within the zone – one of the many incentives for locating to the area.
Lakewood industrial lands total 800 acres, including the Lakewood Industrial Park (LIP) with 150 acres and 2.5 Million square feet of leasable space. LIP employs more than 1,600 people and is the fourth largest for-profit employer in Pierce County.
Living in Lakewood
Whether you are looking for affordable, or high-end lakeside living, there is a home for everyone in Lakewood. Our mature neighborhoods are filled with native Douglas fir and oak trees, offering beautiful and quiet settings that make you feel like you’re away from it all. Yet, shopping, entertainment and restaurants are only minutes – or walking distance – away. A favorite Lakewood destination for locals and visitors alike is Fort Steilacoom Park with its hiking trails, award-winning dog park, ball fields, historic barns and our new Pavilion in the Park, an outdoor amphitheater. The park is home to many great events including our annual Lakewood SummerFEST which drew 42,000 visitors in 2018. The city hosts numerous, family-friendly events at Fort Steilacoom, including our fall Truck and Tractor Day and our summer concert series at the pavilion. In 2019 we look forward to hosting the US Cyclocross National Championships, which is expected to draw up to 10,000 spectators and competitors from around the country. And of course, water sports on the lakes and fishing are also regional draws.