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Connecticut Developer Is First Choice for 100-Acre North Marina Redevelopment

EVERETT, WA-Maritime Trust Co., a Connecticut-based developer, is the Port of Everett's first choice to redevelop the local north marina area. The project, which involves 100 acres of land and water, could take five to 10 years.

By Ingrid Ricks | Updated on October 25, 2000

EVERETT, WA-The Port of Everett has selected Maritime Trust Company Inc., a Connecticut-based developer, as its first choice to transform the Port’s north marina area from an industrial center into a public-friendly commercial development complete with restaurants, retail shops and hotels.

The announcement came Monday after Port Commissioners spent several hours interviewing three finalists for the job. Maritime Trust beat out Trammell Crow Co., which came in second place, and Heartland Corp., which received the commissioner’s third place vote.

Graham Anderson, senior planner for the Port of Everett, says the next step is for the Port to enter into negotiations with Maritime Trust to establish the scope of work that will be involved and a budget. “Assuming that can be completed successfully, we hope to have the first steps of the project underway by the end of the year,” says Anderson, noting that the project would be done in phases and is expected to take 5 to 10 years to complete.

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