An illustration depicts the proposed Fisherman’s Harbor multifamily community in the Port of Everett’s Waterfront Place development. (Tiscareno Associates)

An illustration depicts the proposed Fisherman’s Harbor multifamily community in the Port of Everett’s Waterfront Place development. (Tiscareno Associates)

Port of Everett picks developer for waterfront apartments

EVERETT — The Port of Everett has selected a Mercer Island development firm to build two apartment buildings along the city’s waterfront.

American Classic Homes agreed to pay $7 million to purchase 5.44 acres in Fisherman’s Harbor District, the first part of a planned makeover of Everett’s central waterfront area.

The company is expected to start construction next year on the buildings with 254 apartments, said John Shaw, director of multi-family acquisitions at American Classic Homes. His firm plans to keep and run the apartments rather than sell them.

“We view this as a legacy project,” Shaw said. “We’re long-term focused. We love the Everett market. Now that we get a chance to be up there, it’s very exciting for us.”

Each building will match existing height restrictions and will either be three or four stories or between 35 to 45 feet high. The apartments will range in size from 550 to 1,300 square feet. The apartments are expected to open in mid- to late 2019.

When he walked the site with port officials, Shaw said he found his company and the port had matching visions for the master planned community.

The port spoke with dozens of developers before inviting three to submit proposals, said Terrie Battuello, chief of business development for the Port of Everett.

Battuello agreed that the port and American Classic Homes aligned early on, especially with the idea that the apartment buildings would help tell the story of the waterfront through design.

One of the buildings will be designed with features that celebrate the waterfront’s history as a timber mill town. The other will embrace the city’s maritime roots.

The development firm also saw the unique value of the master planned community, Battuello said. The land has been in industrial use for a century and is just now being turned into a residential and commercial space. It’s close to the jetty and to downtown.

It has can’t-be-beat views of the mountains and the water, she said.

“There’s not many places that you can live that will have all of those things,” Battuello said.

In all, the Port of Everett wants to remake 65 acres along the waterfront into a place where people can live, play and work.

This Fisherman’s Harbor District is on 12 acres just west of West Marine View Drive. In addition to the apartment buildings, the port hopes a 140-room hotel, five commercial buildings and several shops and restaurants will be built in the area.

Also planned are a continuous public trail, a dock walk for people to get to the water and a Pacific Rim Plaza, including several water fountains.

Interwest Construction and Bergerson Construction are building new roadways — Seiner Drive and 14th Street — the trail and the plaza. The firms were paid $12 million for the infrastructure work.

American Classic Homes, which started in 1999, has built hundreds of single-family homes and has constructed or has in the works about 800 apartments in the Puget Sound area.

The work on the waterfront is the second major housing project under way near downtown Everett. Polygon Northwest has already built the first of 425 homes in the Riverfront project, planned along the Snohomish River.

The first homeowners are expected to move in this month.

Keep up to date

People interested in learning more about the Port of Everett’s waterfront project can sign up for updates at www.waterfront-place.com.

Talk to us

More in Herald Business Journal

MyMyToyStore.com owner Tom Harrison at his brick and mortar storefront on Tuesday, Sept. 6, 2022 in Everett, Washington. (Olivia Vanni / The Herald)
Near-death experience planted seeds for downtown Everett toy store

Former attorney Tom Harrison survived 9/11. It caused him to ask what’s important in life. Today, he runs MyMyToyStore.

Sean Jones, membership executive of Everett's Freedom Boat Club, helps club member Carolyn Duncan load equipment onto her boat before she and a friend head out crabbing onThursday, Aug. 11, 2022, at the Port of Everett in Everett, Washington. (Ryan Berry / The Herald)
New Everett franchise offers boats at Everett Marina

Freedom Boat Club’s newest Washington location is in Everett, with six boats available to its members.

Devin Ryan, left to right, talks with Donald Whitley and Drew Yager before a test ride at Bicycle Centres Wednesday in Everett, Washington on August 24, 2022.  (Kevin Clark / The Herald)
New hands take the handlebars for Bicycle Centres

Longtime employees Devin Ryan, Aron Chaudiere and Ryan Brown bought the business that’s been around since 1976.

A truck drives past a sign displaying fuel prices on Friday, Sept. 2, 2022 in Arlington, Washington. (Olivia Vanni / The Herald)
Diesel prices stay high for truckers, farmers

Gas prices have fallen steadily this summer, but diesel costs have started to climb again.

FILE - Test engineer Jacob Wilcox pulls his arm out of a glove box used for processing sodium at TerraPower, a company developing and building small nuclear reactors, Jan. 13, 2022, in Everett, Wash. A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. Bill Gates' company, TerraPower, plans to build an advanced, nontraditional nuclear reactor and employ workers from a local coal-fired power plant scheduled to close soon. (AP Photo/Elaine Thompson, File)
Everett nuclear research facility gets $750 million infusion

Bellevue’s TerraPower, which operates an Everett facility, got a hefty investment to fund research.

Logo for news use featuring Snohomish County, Washington. 220118
Business briefs: Leadership Snohomish County names new executive director

Plus a new short-term, career programs at Edmonds College, state grants for small businesses and more.

Tim Leonard, owner of the Machine Shop, is closing the arcade this fall. (Photo by David Welton)
Arcade owner to pull plug on beloved Whidbey Island business

Tim Leonard, owner of the Machine Shop in Langley, recently decided he’ll call it quits this fall.

Jennifer Sadinsky is the owner of Grayhorse Mercantile, one of Langley’s newest stores. (David Welton)
Shopkeeper brings taste of Europe to Whidbey Island

A first-time business owner’s dream of opening a cheese shop became a reality this year.

Eviation's all-electric plane in flight Tuesday morning in Moses Lake, Washington, on Sept. 27, 2022. (Eviation)
Arlington’s all-electric plane, Alice, takes first test flight

Eviation Aircraft’s battery-powered plane logs successful first flight from Grant County International Airport in Moses Lake.

At two stores – in Edmonds and Renton – Wide Shoes Only store owner Dominic Ahn offers more than 600 styles of shoes for people with wide feet. (Kevin Clark / The Herald)
These Edmonds and Renton shoe stores could change your life

Wide Shoes Only: Huge selection, expert fitting and superior customer service

Amber Weaver, who has worked at the Lakewood Crossing Starbucks for 5 years, with her daughter Melody, outside of her workplace on Thursday, Sept. 22, 2022 in Marysville, Washington. (Olivia Vanni / The Herald)
Complaint accuses Starbucks of anti-union threats in Marysville

Meanwhile, a mother of two said Thursday that Starbucks refused to accommodate her schedule when she returned from maternity leave.

Snoop Dogg in a video announces the opening of 'Tha Dogg House' in January 2023. (Screenshot).
Dogg toyz: Funko, rapper Snoop Dogg greenlight new retail venture

“Tha Dogg House” opening next year in Inglewood, California, will be Funko’s third U.S. retail store.