Silver Cloud Inns and Hotels has entered into an exclusive agreement with Point Ruston LLC to be the sole provider of hotel accommodations to the mixed-use development known as Point Ruston.  The 67-acre Point Ruston development spans the boundary between the City of Tacoma and the Town of Ruston on the shores of the Puget Sound. Master plans for the neighborhood include a mix of residential, retail and commercial office space along nearly a mile of shoreline with mountain and water views.  According to Point Ruston developer Mike Cohen, the agreement with Silver Cloud represents the first formal commercial commitment to the development in its early stages at the former Asarco smelter site on the Commencement Bay waterfront.  Upon completion, Point Ruston will combine urban living, shopping, dining, entertainment and recreation along nearly a mile of shoreline with mountain and water views.  Plans call for 800 to 1,000 condominiums, town homes and apartments, a retail core of 120,000 square feet of shops and restaurants and approximately 100,000 square feet of Class A office space.  The development also includes 35 custom homes overlooking the waterfront property in an area known as Stack Hill.