A diagram of the Port of Everett, including Waterfront Place. Image via Port of Everett.
The Port of Everett and Puget Sound-based real estate development and investment firm Schuster Group have inked a long-term agreement to construct and operate up to 44,431 square feet of retail and restaurant space at the new Waterfront Place mixed-use project.
The deal calls for developing a pair of Port Gardner Landing buildings at 1710 West Marine View Drive starting in early 2022. The 6,500-square-foot project is expected to house a coffee shop and brewery expansion. Both are expected to feature outdoor patio space.
The agreement identifies six more sites for future development, including four parcels in and around Fisherman’s Harbor and two in Marina Village. These spaces make up the port’s new restaurant row and wine walk.
“The level of interest we are seeing to bring these new commercial spaces online is extremely encouraging and a testament to the quality project we have established here at the waterfront,” port CEO Lisa Lefeber said. “This forward momentum, paired with the Schuster deal, sets us up to deliver at least one building per year for full build out in five years.”