Developer Chosen For New Residential, Retail And Commercial Space At Port of Everett – My Everett News
December 9, 2021
Everett, Everett Economy
Today the Port of Everett announced LPC West has been chosen to develop the second (and largest) phase of Waterfront Place. The area known as the Millwright District covers nearly 10 acres to the west and south of Scuttlebutt. Here’s the release out from the Port today.
The clocktower will be a focal point.
This is the biggest portion of the Waterfront Place development.
For reference, this sits to the west and a bit south of Scuttlebutt. Click to enlarge.
The clocktower will be a focal point.
This is the biggest portion of the Waterfront Place development.
For reference, this sits to the west and a bit south of Scuttlebutt. Click to enlarge.
On Monday, Dec. 6, the Port of Everett Commission selected LPC West as the private development partner to build out the next phase of commercial, retail and residential spaces at Waterfront Place, authorizing an exclusive negotiating agreement to establish a long-term ground lease to bring the nearly 10-acre Millwright District to life.
The announcement follows a nationwide search for a quality and experienced developer to take on the largest mixed-use phase of Waterfront Place, featuring up to 60,000 square feet (sf) of retail, 200,000 sf of commercial, and 200 multi-family housing units.
LPC West is the West Coast arm of Lincoln Property Company – one of the largest diversified real estate services firms in the United States – with headquarters based in Dallas, Texas. The company represents projects throughout Washington, Oregon, California and Idaho, and are responsible for a portfolio of more than 33 million sf of commercially developed, managed and/or leased properties.
“LPC West comes with the highest of recommendations and has proven experience in delivering quality mixed-use projects that honor the vision and history of the communities they are developing in,” Port of Everett CEO Lisa Lefeber said. “We are so excited to hit the ground running with our new partners to bring jobs and additional vibrancy to the waterfront.”
The Millwright District represents the second phase of public-private development within the Port’s 65-acre, 1.5 million sf mixed-use Waterfront Place project. It builds on the momentum and more than $150 million in investment in the project to date with the new developments at Fisherman’s Harbor, including the new 266-unit Waterfront Place Apartments, the new 142-room Hotel Indigo, the coming “restaurant row” and destination wine walk, public gathering spaces and more.
“LPC West is incredibly excited to partner with the Port of Everett on the continued revitalization of its exceptional waterfront location,” said J.P. Harlow, Senior Vice President of LPC West. “We again look forward to working with RIOS, a best-in-class architect when it comes to designing a cohesive live/work/play community. The Millwright District will be a vibrant community on the waterfront, and a hub for new residents and businesses.”
As the largest development site, the Millwright District is devoted to establishing a waterfront employment hub, supporting small-to-mid size office users with surrounding destination retail, residential and public spaces.
Site elements will be designed in coordination with Waterfront Place engineering firm, PND Engineers.
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My Everett News is a hyperlocal news website featuring breaking news and events in Everett, WA. We also cover City of Everett information and items of interest to those who live and work in Everett. It’s written by Leland Dart a former Snohomish County based radio reporter born and raised in Everett.
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