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SeaLevel Properties Sees Strong Interest For First Multifamily Building in Everett Waterfront Development

SeaLevel Properties, Everett Waterfront Apartments, Waterfront Place Central, Everett, Fisherman’s Harbor, Allied Residential, Puget Sound, Pacific Rim Plaza

Strong Attendance at ‘Early Release’ Event Results in 80 Percent of Released Units Secured; Second Release of Homes in Everett Waterfront Place Central Project Likely Coming Soon

Everett, WA (October 3, 2018) — Local multi-family builder SeaLevel Properties (www.sealevelproperties.com) revealed strong demand for its new Everett Waterfront Apartments, with 80 percent of available units offered in the company’s first release event now spoken for.

More than 100 people attended the project’s early release event last week for its first of two multifamily apartment buildings, located at 1300 W. Marine View Drive in the Port of Everett’s 65-acre Waterfront Place Central development. Slated for completion in 2020, the building is comprised of 266 studio, one-, two- and three-bedroom homes in two distinct, yet connected four-story buildings.

“We were hoping for strong interest in these buildings—and last week’s interest far exceeded our expectations,”said SeaLevel Properties Director John Shaw. “The turnout was overwhelming and confirms our instincts that there is indeed very high demand for high quality waterfront living in Everett.”

“The public response to this housing opening is consistent with the interest we have heard from the community since the project began,” Port of Everett Acting CEO Lisa Lefeber said. “There is a tremendous demand and desire to live on the Everett waterfront and we can’t wait until construction is underway and life is brought to Fisherman’s Harbor at Waterfront Place.”

“I’ve been involved with scores of multifamily developments over the years, but I have never seen such excitement for a new project – especially one that is almost two years from completion,” said Mike Simons, Executive Vice President of Allied Residential.

During the event, SeaLevel Properties opened 25 percent of the North Tower, which features 34 units including studios, one-bedroom and two-bedroom homes. Given strong interest, a second release is likely. For those interested in joining the project’s VIP list, visit www.everettwaterfrontapartments.com.

With construction anticipated in early 2019, SeaLevel’s apartment homes at Fisherman’s Harbor are designed to reflect three unique waterfront experiences: a marine/water-inspired experience in the Southern Building, and an industrial/timber-inspired experience in the Northern Building.

The design includes a combination of contemporary urban design and rugged urban materials that pay tribute to the natural resources of timber, steel and water on the Puget Sound. The project will also maximize the Port’s infrastructure features and pedestrian patterns, with lobbies to activate streets and a lively and attractive public realm.

The Port continues its $85 million public infrastructure investment this year by building additional roadway access, constructing new public spaces to connect with the new Pacific Rim Plaza and Splash Fountain, and building new marine infrastructure at Fisherman’s Harbor, including a new guest dock that doubles as a public dock walk.

At full build out, the Waterfront Place Central mixed-use development will include new trails and regional parks together with public gathering spaces, up to 660 housing units, Hotel Indigo, a business and lifestyle waterfront hotel, fine and casual dining restaurants and commercial, retail and marine sales and services. The project includes five (5) districts: Fisherman’s Harbor, the Millwright District, the Esplanade District, Wharf’s Edge and the Craftsman District. The Craftsman District was completed as part of the Port’s development of a boatyard in 2009, and Fisherman’s Harbor is the first phase of the mixed-use project to proceed.

The entire project will support more than 2,000 jobs and $8.6 million in new tax revenue to state and local governments. Hotel Indigo, a 142-room business and lifestyle hotel broke ground in March and has gone vertical in the last weeks. They expect to be open mid-2019 and will feature full amenities, a 150-seat restaurant and a 5,000-sq. ft. conference and event space.

About SeaLevel Properties
SeaLevel Properties is a local, family-owned builder, focusing on multi-family development. Taking great pride in its reputation for superior quality, attention to detail, and thoughtful development with community in mind, SeaLevel maintains a collaborative approach on all projects. SeaLevel Properties entered the multi-family development market in early 2016, and has quickly developed a presence in the Puget Sound area with more than 600 units currently under development.

As a locally-focused firm led by local real estate experts John Shaw and Kyle Weeks, SeaLevel Properties officially launched in 2016 and has multiple multi-family projects under development throughout the Puget Sound region. Recently, SeaLevel Properties broke ground on a five-story, 64-unit, 20,000 sq. ft. project targeting students in the University District. The Vale Apartments, a five-story, 110-unit apartment building located in charming downtown Issaquah, broke ground in August 2017. SeaLevel Properties is also constructing a 59-unit, 32,000 sq. ft. apartment building located in the heart of the Pike/Pike Corridor in Seattle’s Capitol Hill neighborhood, which will break ground in late 2018. SeaLevel Properties’ SAMM Apartments (www.LiveAtSAMM.com), a new 132,000 sq. ft. multi-family building located within the Sammamish Town Center in Sammamish, Wash. is also more than 95 percent leased since opening in mid-August 2017.

About the Port of Everett
The Port of Everett is a special purpose district tasked with economic development. Through operation of international shipping terminals, the largest public marina on the West Coast and real estate development ventures, the Port of Everett supports more than 35,000 jobs in the region and contributes $373 million to state and local taxes. The Port is also a committed steward of the environment and provides ample waterfront public access. The year 2018 marks the Port of Everett’s centennial year. As the Port reflects on its first 100 years, it’s also making major investments to prepare for the future. The Port is moving forward with key Strategic Capital Initiatives that will shape its next 100 years including modernizing its Seaport facilities to prepare for the next generation of cargo with its $36 million South Terminal Modernization project – the largest maritime construction project on the West Coast today. The Port is also creating a new waterfront community where people can live, work and play with its 65-acre mixed-use Waterfront Place Central Development. Additionally, the Port is investing in its marine infrastructure to support the Marina of the future, and is in final phases of developing its Riverside Business Park into a light industrial manufacturing hub.