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Deal Closes To Make Way For Everett's Waterfront Place Central Development

Deal Closes To Make Way For Everett's Waterfront Place Central Development
SeaLevel Properties, Port of Everett finalize 5.44-acre sale in Waterfront Place Development Project.

The Port of Everett recently sold a 5.44-acre site within its Waterfront Place Central mixed-use development to SeaLevel Properties. The company plans to build the 266-unit Everett Waterfront Apartments on the land.

The development will include housing units ranging from 750 SF studios to 1,400 SF three-bedroom units in two connected four-story buildings.The design will be a contemporary urban style that includes rugged materials that reflect the region’s timber and steel industries.

“This is a historic transaction for the Port of Everett,” Port of Everett acting CEO Lisa Lefeber said in a statement. “This property allows housing on the waterfront for the first time in Everett’s history, and creates the population necessary to support a vibrant Waterfront Place project.”

Waterfront Place Central's redevelopment is part of an $85M public infrastructure investment that includes additional roads, new public spaces connecting the Pacific Rim Plaza and Splash Fountain and building new marine infrastructure at Fisherman’s Harbor. The entire project will include new trails and gathering spaces, up to 660 housing units, Hotel Indigo, restaurants and commercial space that includes retail and marine sales and services.

The project is expected to support 2,000 jobs and produce $8.6M in new state and local tax revenue.