The Port of Everett is moving forward with its plans to redevelop the Mukilteo waterfront.
Courtesy of the Port of Everett
By Akielly Hu – Reporter, Puget Sound Business Journal
Feb 26, 2026
Updated Feb 27, 2026 9:59am PST
Story Highlights
What’s This?
- The Port of Everett will launch a developer search this spring for the 26-acre Mukilteo waterfront project.
- The port acquired a 1.1-acre former NOAA site and approved the purchase of another property.
- The waterfront plan includes restaurants, retail, housing and a beach promenade.
The Port of Everett will soon launch a search for a developer to take on the Mukilteo waterfront project, carrying out a yearslong vision to revitalize the 26-acre site.
Earlier this month, the Port Commission authorized staff to begin preparing an official solicitation process. Officials said they would put out the formal call for developers sometime this spring.
A port spokesperson could not provide a more detailed timeline to the Business Journal on Wednesday.
In 2022, the Port of Everett launched an effort with the city of Mukilteo to create a comprehensive plan for undeveloped waterfront properties. The area extends about a mile from Lighthouse Park to Edgewater Beach.
The port has contracted Seattle-based architecture and planning firm NBBJ for its planning and community engagement efforts.
The waterfront will feature a pedestrian-friendly street with restaurants, retail and small-scale housing. It will also include a wide beach promenade.
The port also announced the acquisition of two Mukilteo shoreline properties it plans to redevelop in line with the waterfront vision.
On Feb. 3, the Port Commission authorized the transfer and acceptance of a 1.1-acre former NOAA (National Oceanic and Atmospheric Administration) site from the federal government. It received the site through a quitclaim deed.
The Port Commission also voted to purchase the building at 710 Front St., where Ivar’s Mukilteo Landing currently operates. It expects to close the sale in July. The negotiated purchase price is $10 million, according to Port documents.
A limited liability company called MSI Mukilteo owns the property, which it bought from Ivar’s for $7.5 million in 2016.
The nearly 10,000-square-foot building was built in 1925 and its most recent assessed value is $4.7 million, according to Snohomish County records.
The port clarified in a news release that its purchase agreement would include a long-term lease with Ivar’s, “which has been, and will continue to be, a staple of the Mukilteo waterfront for decades to come.”
Over the years, the port has secured properties along the Mukilteo waterfront for redevelopment, including the acquisition of parking lots in the former ferry terminal and holding lanes in 2022.
“These properties allow the port to activate the Mukilteo waterfront in a way that benefits the community, promotes public access, and honors Mukilteo’s unique, historic, and beachy charm,” Lisa Lefeber, CEO of the Port of Everett, said in a statement.