The property is bounded by Marine Drive and State Avenue and situated adjacent to the Olympia Farmers Market. It currently contains an old warehouse, a boat repair business, a boat storage yard and a used car company. The city has zoned the property for mixed uses.
Port Property Director Heber Kennedy tells GlobeSt.com that the Port put out an RFQ last year for a developer that could shepherd the property through the master planning process and ultimately redevelop the property. That company turned out to be Civic Partners of Newport Beach, CA.
As part of the planning process, four public workshops will be held between now and January. When that process is complete, Kennedy says a development agreement will be hammered out based on what needs to be done to meet the master plan, and then preleasing will begin.
"It's truly a clean sheet of paper," says Kennedy. "It will be a mix of residential, office and retail."
Founded in 1996, Civic Partners specializes in mixed-use urban developments. Scott Clements, the company's director of new business development, tells GlobeSt.com that most of the company's work has been in Idaho and California, and that the Olympia project is the company's first project in Washington State.
Expanding a little on Kennedy's comments, Clements says the site may ultimately include multifamily housing, a government building or two, and a museum, among other things. "It will be determined over the next three-to-six months," he says.
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