Federal Way is a city located halfway between Seattle and Tacoma and has a population of just over 88,000 people. Federal Way is a relatively new city, and was only incorporated in 1990. The city is home to Weyerhaeuser, one of the largest timber owners in the world. The upside to this is that the company has made its vast land holdings available for public use in the form of botanical gardens and extensive parks. You'll find when you start your Federal Way apartment search that there are many multi-structured buildings which are beautifully landscaped.