The Port of Everett’s Waterfront Place Central redevelopment project is more than just a large scale real estate venture. The intent of the project is to provide jobs and access to the waterfront. The strategy is to unify the marina and surrounding property as one economic unit to create a sustainable and unique commercial, recreation and residential community.
This new community is pedestrian-oriented and takes full advantage of its attractive waterfront and recreational boating setting. It also supports the final phases of the Port’s state-of-the-art regional boat sales and services center in the largest public marina on the West Coast.
When fully realized, the Waterfront Place Development is expected to support 2,075 family-wage jobs. The project’s private development will generate $8.6 million annually in state and local sales taxes; in addition to the temporary construction jobs, sales tax and building permit revenues.
Anticipated Project Investment
- $85 million in public upland infrastructure ($20 million in first phase)
- $550 million in private investment
- Public infrastructure at and adjacent to Fisherman’s Harbor, including SE Millwright Loop (summer 2018) and Central Guest Dock 5 (fall 2018)
- Private development at Fisherman’s Harbor, including 142-room Hotel Indigo (currently underway) and 266 apartment homes
- New picnic areas in North and South Docks
- City’s Grand Avenue Park Bridge (currently underway)
New public gathering spaces, including:
- 3.5 mile continuous walking/biking trail
- 2 regional parks
- 1 children’s playgrounds
- 3 vistas; 4 elevated viewpoints
- 1 outdoor performing arts venue
- 1 iconic clock tower
- Multiple water features including a splash fountain
Private Development - Residential: Up to 660 homes; apartments, condos, townhomes or lofts with dedicated parking (266 apartment homes planned at Fisherman’s Harbor). - Restaurants: up to 7 eateries (Fisherman’s Harbor) and a fine dining restaurant (Phase II) - Hospitality: a 142-room waterfront hotel - Office & Commercial: 400,000 sq. ft. - Retail: 40,000 sq. ft. - Marine Retail: 20,000 sq. ft.
Central Property Developable Area: Approximately 65 acres
Port Upland Infrastructure Costs: Est. $85 million based on design-level planning
Private Infrastructure Investment: The project generates $550 million in private investment at full build out
Master Developer: The Port is the master developer, and has development partnerships through land sales and leases with private sector partners
Timing & Development Interest: The project is entitled through the City of Everett. Construction on the first zone began in mid-2016 and is anticipated for completion in mid-2020. Density: Up to 1.5 million square feet mixed-use development Housing: Up to 660 housing units are called for in the strategy Parking: This development strategy calls for up to 3,200 stalls of surface and structured parking at maximum density Environmental Cleanup: In partnership with the Department of Ecology, the Port of Everett has restored 60 acres of property for economic use. A large portion of these cleanups are in Waterfront Place — the epicenter of Everett’s mill town roots. After deliberate policy direction by the Port Commission, the project area is now in development.
Project Questions: Port of Everett | 425.259.3164 | E-mail Business Interest: Terrie Battuello, Chief of Business Development | 425.388.0614 | E-mail