Everett opens its very first waterfront apartments
The Sawyer, a 135-unit apartment building, is the latest advancement in Everett’s waterfront redevelopment.
EVERETT, Wash. – It’s a day of two decades in the making. The Sawyer Building brings Everett’s very first waterfront homes.
“This is truly a momentous occasion,” said Lisa Lefeber, CEO of Port of Everett.
Reaching the day of the story’s creation wasn’t easy, she said.
“Since we started, we have experienced 2 global recessions. We had a massive four-alarm fire. Now we are at the end of a global pandemic. “
Last summer, a four-alarm fire burned an adjacent building that was still under construction to the ground. Under reconstruction, this building is slated to open next September, bringing 131 more units to the waterfront, as well as a new seafood restaurant and bakery a short walk away.
“It was a Herculean effort to get here,” said John Shaw of SeaLevel Properties who developed the two buildings.
He believes the addition of people now living on the waterfront will trigger even greater growth.
“Retail follows heads to beds,” Shaw said. “Now that we are able to open the first of our two towers, this is the next part of the fantastic master plan for the port. We’re waiting for young professionals, empty nesters looking to downsize, a wide range of people moving in. “
The waterfront has come a long way from its gravelly roots at the turn of the 20th century, where paper mills and fishermen once dominated the landscape.
The next phase of redevelopment, which is expected to begin next year, will provide commercial space as well as more housing and retail businesses.
Meanwhile, rents for new apartments range from $ 1,400 to $ 4,000 per month.
They have been quietly on the market for only three months and are already almost 60% sold out.
Lefeber thinks the demand is there.
“We’ve done a lot of studies and what we’ve found is that we have a lot of affordable housing in Everett and we have a lot of very high income housing. What we didn’t have was a lot of market rate housing. It provides that niche, ”she said.