Waterfront Redevelopment: Vancouver USA

Vancouver USA: City Council Approves Terminal 1 Master Plan

The Vancouver City Council voted unanimously last month to approve the Port of Vancouver USA’s Terminal 1 Waterfront Development master plan.

Terminal 1 is the port’s birthplace on the Columbia River and the site of unfolding redevelopment along Vancouver’s downtown waterfront. When fully developed, the project will provide office, retail and commercial space; a public marketplace; hotel; residential apartments; low- and high-dock access; restaurants; and connection to the city’s popular Renaissance Trail.

 
Future Terminal 1 waterfront development
Source/Port of Vancouver USA

At full build-out, Terminal 1 is expected to provide nearly 950,000 square feet of new mixed-use development, create 800 new jobs to support commercial activity, drive construction investment of more than $200 million and generate nearly $93 million in state and local taxes over 25 years.

"This is an exciting project," said port CEO Julianna Marler. "It’s a different kind of development than we typically do, but it still achieves the port’s mission of economic benefit to the community. The jobs, tax dollars and activity down at the waterfront will complement our beautiful downtown and create a ripple effect of benefit in the region.

The Terminal 1 master plan now moves on to the Washington State Department of Ecology for review and decisions on shoreline permitting. In the meantime, port staff is working with hotel developer Vesta Hospitality on plans for an AC Hotel by Marriott, which could break ground next year.

 
Terminal 1 Waterfront Development – a landside perspective
Source: Port of Vancouver USA