SeaLevel Properties and Gracorp Begin Pre-Leasing at Waterfront Place Apartments in Port of Everett's Emerging 65-Acre Waterfront Place Central Development
New Four-Story Multi-Family Community Within Two-Building Waterfront Place Apartments Project Includes 135 One- & Two-Bedroom Homes and 198 Parking Stalls
Everett, Wash., April 12, 2021 – SeaLevel Properties (www.sealevelproperties.com) (“SeaLevel”), a Seattle-based, family-owned builder, and Canada/Washington-based builder/construction company Gracorp (www.gracorp.com), recently kicked off pre-leasing at the two-building Waterfront Place Apartments development.
Located at 1300 West Marine View Drive in the Port of Everett’s new 65-acre Waterfront Place Central Development, the industrial- and timber-inspired, four-story multi-family building features 135 residential units—including 118 one-bedroom and 17-two-bedroom homes—along with 198 parking stalls. Slated to open and begin welcoming residents this spring, the north building is currently 35 percent pre-leased and active leasing is now underway, with an interest list of more than 1,800 individuals. Potential future residents can visit the temporary leasing office in neighboring Hotel Indigo for more information while the permanent leasing office is being completed.
Construction of the site’s south building is also moving forward quickly. When complete next year, the building will feature 131 residential homes. “Bringing residents to a revitalized Everett waterfront has been a long-time coming for the Port and City of Everett—and we’re excited to see our first residential building opening and new residents moving in,” said John Shaw, SeaLevel Properties Director of Multifamily Acquisitions. “This will no doubt build momentum for the Port’s broader waterfront vision and will build energy for the Port’s next office and residential phase.”
First Residential Building Opening Brings New Energy to the Everett Waterfront
Situated in the Fisherman’s Harbor district of the Waterfront development, apartment homes at Waterfront Place include numerous high-end features and finishes like stainless steel kitchen appliances, quartz countertops, large under-mount sinks with retractable faucets, in-home washers/dryers, and LED pendant lighting, just to name a few. Select homes also feature eat-in kitchen breakfast bars, private balconies and walk-in closets.
Community amenities at Waterfront Place Apartments also abound, including an indoor/outdoor rooftop terrace with stunning water and mountain views, a two-level lobby with fireplace and a speakeasy-style bar and game room for residents. The building also includes a fitness center, yoga room and secure bike storage space with repair center. Residents will enjoy a true ‘resort-style’ living experience with access to full-time, on-site staff to assist with special requests, amenity reservations, neighborhood activity recommendations and more.
“Given Everett’s and the region’s growth, 2,300 marina boat slips next to our project, and until now lack of housing along the waterfront, the interest in the project is unsurprisingly very strong,” said Giuseppe Augello, Managing Director at Gracorp. “The hard work and collective commitment by Graham Construction and all of the subtrades made this grand opening possible, despite the many challenges of the last year.”
With a focus on green features and benefits, the eco-friendly building includes efficient hot water systems, 100 percent LED lighting and native planting. The development also maximizes the Port’s infrastructure features and pedestrian patterns, with lobbies designed to activate streets and create a lively, attractive public realm.
Located just minutes from downtown Everett, I-5 and Paine Field Passenger Terminal, the Waterfront Place Apartments serve as a destination and jumping off point for exploration across the Puget Sound and beyond. Stunning views of the Olympic Mountains, the Port of Everett’s Fisherman’s Harbor and Port Gardener Bay are accessible via the community’s rooftop deck, and residents can easily explore via boat, the Mukilteo Ferry or nearby Paine Field Airport. Other area activities include packing picnics and watching the marina’s boat traffic; picking up gear at Tim’s Bike Shop; finding style plus savings at nearby Premium Outlets; getting lessons, repairs or instruments at Tommy’s Guitar Shop; enjoying pints at nearby Scuttlebutt Brewing; taking in views at Anthony’s HomePort; enjoying fine dining at Jetty Bar & Grille in Hotel Indigo; or joining friends for a night out at Lombardi’s Italian.
The Port of Everett’s Waterfront Place Central Development
The Port of Everett’s Waterfront Place is a new 1.5 million square foot mixed-use development located on 65-acres at the waterfront near the downtown core in Everett, Washington. The development boasts spectacular views, waterfront access, recreational amenities and a world class marina – that largest public Marina on the West Coast – with 2,300 slips and 5,000 linear feet of guest moorage.
At full build out, the Waterfront Place Central mixed-use development will include 63,000 square feet (sf) of retail/restaurant space, another 20,000 sf of marine retail, 447,500 sf of office, two waterfront hotels, and up to 660 waterfront housing units. Featured amenities include new trails and regional parks together with public gathering spaces, a variety of fine and casual dining, local shops and marine sales and services. The project’s expected $550 million in public/private investment is expected to support nearly 2,100 family-wage jobs and generate $8.6 million annually in state and local sales taxes.
To date, the Port has facilitated more than $150 million in public/private investment here, with even more on the horizon. Recent Port investments include more than $50 million in completed projects at Fisherman’s Harbor, adjacent to the new Hotel Indigo and Waterfront Place Apartments, including roadways, utilities, lighting and landscaping, the new Pacific Rim Plaza and splash fountain and a connected esplanade trail system and public dock walk.
“The upcoming opening of the Waterfront Place Apartments marks a historic milestone for our waterfront and community, kicking off a new era at the Port of Everett waterfront,” Port of Everett CEO Lisa Lefeber said. “This highly anticipated project brings housing to the waterfront for the first time in Everett’s history and compliments the Port’s overall vision of a balanced, vibrant and livable waterfront. We want to thank SeaLevel Properties and Gracorp for believing in this vision and investing their time and resources to bring this historic project to reality.”
The Waterfront Place Apartments main project team members include Gracorp (developer and capital partner), SeaLevel Properties (developer and capital partner), Graham Construction (general contractor), Tiscareno Associates (architect) and Robin Chell (interior designer).
For more information, or to inquire about leasing, please visit www.waterfrontplaceapartments.com.
About Gracorp. Gracorp is a subsidiary of the Graham Group, one of Canada’s largest and most respected construction companies. Gracorp is a private market real estate developer with offices in Seattle, Vancouver, Calgary and Toronto. From office, retail, hospitality, industrial and institutional to multi-family residential, Gracorp develops solely and partners with a variety of landowners, developers and investment firms to deliver real estate investment opportunities to the marketplace. The Waterfront Place Apartments will be Gracorp’s fourth development project in the Puget Sound region, after a total of over 280 units were delivered in recent years between the Anthem, Reverb and Decibel apartments, near Yesler Terrace. Currently Gracorp is redeveloping two sites into future multi-family buildings in the University District at 5253 University Way & 5500 University Way with a focus on student housing. For more information, visit www.gracorp.com.
About SeaLevel Properties. SeaLevel Properties is a local, family-owned builder, focusing on multi-family development. Taking great pride in their reputation for superior quality, attention to detail, and thoughtful development with community in mind, SeaLevel maintains a collaborative approach on all projects. SeaLevel Properties entered the multi-family development market in early 2016 and has quickly developed a presence in the Puget Sound area, with more than 600 units currently under development. Led by local real estate experts John Shaw and Kyle Weeks, SeaLevel Properties has developed projects across the Puget Sound including the five-story, 64-unit, 20,000 sq. ft. U20 Apartments (completed); the five-townhome UW 18th project (under construction) and the 14-townhome UW 19th project (under construction) in Seattle’s booming University District; the five-story, 110-unit Vale Apartments located in charming downtown Issaquah (completed); the seven-story, 60-unit mixed-use Woodworth building in the heart of the Pike/Pike Corridor in Seattle’s Capitol Hill neighborhood (now pre-leasing); the 162-unit Avaya Trails garden-style apartments near Seattle in Renton, and SAMM Apartments, a 132,000 sq. ft. multi-family building located in Sammamish (completed). To learn more, visit www.sealevelproperties.com.
About the Port of Everett. The Port of Everett is a special purpose district tasked with economic development. Through operation of international shipping terminals, the largest public marina on the West Coast and real estate development ventures, the Port of Everett supports nearly 40,000 jobs in the region and contributes $433 million to state and local taxes. The Port strives to bring quality jobs, business, and tourism opportunities to its local and surrounding communities, and is committed to enhancing, restoring and preserving the overall environmental health of the waterfront. Port properties provide numerous public access and recreational opportunities for area residents and visitors to enjoy, supporting a vibrant, livable and balanced waterfront. The Port continues to invest in key strategic Initiatives including Seaport Modernization and Maritime Industrial Expansion to enhance the movement of commerce and grow family-wage jobs at the working waterfront, as well as creating a new waterfront community where people can live, work and play at Waterfront Place and investing in light-industrial opportunities to support new jobs centers. Learn more @ www.portofeverett.com.