The Everett City Council has given the green light to a redesign of the Port of Everett’s Waterfront Place development.
The port made some key changes to its plan, which has been in the works for a decade, that it said would make the development on the pier a much more attractive place to live, work and visit.
The plan would transform the pier between the North and Central Marinas into a mixed-use development of condominiums, office space, marine sales and service businesses and a 120-room hotel.
New features in the revised plan include a two-acre park at the western edge of the pier and a promenade that circles the development along the water’s edge.
The project is estimated to cost $363 million, but could rise as high as $400 million, depending on what the final build-out of the area is, said Port of Everett spokeswoman Lisa Lefeber.
Most of the capital is being provided by private investors, Lefeber said.
The city council approved the redesign unanimously at its Jan. 21 meeting. The first phase of construction could begin as early as 2016.
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