The $250 million first stage includes a park, a pier, and six buildings that will house restaurants, offices, apartments, condominiums and hotel rooms.
The 32-acre, $1.5 billion development sits just west of the Interstate 5 bridge, within walking distance of Vancouver City Hall and Esther Short Park.
At full build-out, the master plan proposes 3,300 new residential units, over 1.25 million square feet of Class A creative office space, a boutique hotel, flagship restaurants, and unique retail spaces.
The $1.5 billion mixed-use development will transform and usher in the next chapter for the entire metropolitan Vancouver/Portland area.
The 7.3-acre park Waterfront Park represents a significant investment by the City of Vancouver to reconnect the city with the river. Waterfront park features natural landscapes, bike and pedestrian paths, and the Grant Street Pier a “floating” cable-stay pier. It is part of a 32-acre, high-density, mixed-use project from Gramor Development that will include office space, retail space and residential units.
The team behind the cantilevered Grant Street Pier is also building a 180-foot water feature at the park. Seafood restaurant WildFin American Grill is likely to be the first business to open at the waterfront. In the two restaurant buildings that flank the pier, there will be at least four more restaurants to follow WildFin on the waterfront.
Next to the I-5 bridge, the Port of Vancouver owns Terminal 1 and is developing concepts for a public market.