Waterfront Redevelopment: Everett

Port of Everett Selects Local Housing Developer for Fisherman’s Harbor

Source/Port of Everett

The Port of Everett Commission has authorized Port CEO Les Reardanz to sign a Purchase and Sale Agreement with a local contractor to build approximately 254 multifamily housing units in the new Fisherman’s Harbor District in Waterfront Place.

American Classic Homes (ACH) ill acquire 5.44 acres in Fisherman’s Harbor for the negotiated sales price of $7 million to construct two residential buildings. According to the ACH proposal, the apartment units will range in size from 550 square feet to 1,300 square feet, and the buildings will be consistent with the approved heights for the district (35-45 feet).

"The American Classic Homes team provided a vision for the Fisherman’s Harbor residential that was creative, high-quality, and consistent with the overall historical theme of the Waterfront Place Central development," said Terrie Battuello, chief of business development for the Port of Everett. "The project is led by a strong housing team with demonstrated experience delivering successful projects on time."

ACH’s buildings will reflect two distinct design directions. The first building will celebrate Everett’s waterfront’s history of timber. The second building will embrace the maritime and water stories of the location and community of Waterfront Place. The design aims to maximize the port’s infrastructure features and pedestrian patterns, with lobbies to activate streets and a lively and attractive public realm.

"This historic transaction will bring housing to the Everett waterfront for the first time in its history, and provide an early signal to the community and follow on developers that the Port is committed to implementing its vision of a vibrant destination waterfront," said Port Commissioner Troy McClelland.

This fall, the port commission awarded $12 million in public infrastructure contracts for the construction of roadways, the Esplanade trail system in Fisherman’s Harbor, the Pacific Rim Plaza, new bulkhead, overwater platform, landscaping for all the public spaces and a new pipeline in the City of Everett’s Puget Sound stormwater infrastructure within the site. This work is underway and is scheduled to be complete in late 2017. Vertical construction for the housing units are expected to begin in the third quarter of 2017, with opening targeted for second quarter of 2019.

The construction activity in Fisherman’s Harbor will support 1,000 temporary construction jobs annually, 335 direct jobs, $7.6 million in annual payroll, and generate approximately $1 million in state and local taxes.

Fisherman’s Harbor is the first phase of the 65-acre Waterfront Place Central mixed-use development. This district will be a year-round hub of activity that includes approximately 254 apartment homes, a 140-room hotel, five commercial buildings and numerous retail and waterfront restaurant spaces. Key public features include a continuous public trail, a dock walk for visitors, and Pacific Rim Plaza that will pay tribute to the international seaport.