IMAGINE A SPECIAL PLACE
Nestled between the beautiful Cascade Mountain Range to the east, hundreds of forested islands and the oceanic wildlife of the Puget Sound to the west, the beautiful city of Everett is rapidly becoming one of the Pacific Northwest’s most desirable locations for living, working, relaxing and playing. This friendly and economically vibrant community is home to the new 96 acre Everett Riverfront development, a unique mixed-use project showcasing 1 million square feet of retail and residential space and extraordinary frontage along the spectacular Snohomish River making it the region’s premier destination for working, shopping, dining and living.

The city of Everett, known for its small-town friendliness and welcoming spirit combined with the cosmopolitan sensibility of a major city, is enjoying a downtown renaissance. Located 25 minutes north of Seattle, the new performing arts center attracts thousands of visitors, who flock to the latest cultural events, including symphony, opera, ballet, theater, and art displays throughout the city. The newly built Everett Event Center, a $71.5 million, multi-purpose complex seats 10,000 and hosts a myriad of events. It is also home to the new Silvertips hockey team. As Everett becomes increasingly dynamic, its fresh and exciting identity appeals to a broad audience of residents, visitors and tourists alike. Drawing white-collar workers from high-tech and pharmaceutical industries (average household income is $66,317 and projected at $74,060 in 2009), Everett also features a strong trade area population of more than 396,000, with a projected growth of 9.33% over the next five years.

In addition to holding the county seat for Snohomish County since 1897, Everett is home to Boeing’s 747, 777, and 7E7 assembly plant with approximately 20,000 workers and to the U.S. Naval Station Everett with 6,000 employees. State of Washington employees in Snohomish County total 3,000. Everett’s daytime trade area population is an impressive 171,000, with 27% of the people in the immediate trade area and a daytime trade population in a one mile radius of
approximately 24,000.

Visible from Interstate 5 and the 161,000 vehicles (in 2003) that travel it daily, the Everett Riverfront will have direct freeway access from a four-way interchange. Located only half a mile away, the newly completed Everett transit facility, known as Everett Station, will further link the riverfront to downtown Everett, Seattle and all parts of the Puget Sound region by the Sounder commuter rail line and bus transportation.

Everett Riverfront will attract residents, visitors and workers who are
active, health-conscious, energetic, and successful. Natural recreation
amenities include acres of gorgeous walk-able riverfront, breath-taking views of the Cascade Mountains and tree lined trails and paths appealing to just about any demographic. For those customers in close proximity to this regional destination, the combination of unique retail, residential, and office space in one convenient and lively setting allows each visit to be special and new.

Adjacent to the Everett Riverfront development is a natural habitat—a protected land area for wildlife and a delight to families and bird watchers. A raised wooden walkway will allow people to venture out to enjoy nature and truly experience the beauty of Everett. The development market in Everett and the surrounding area is particularly constrained, meaning a larger market share for retailers. And through tremendous residential growth along the I-5, Highway 2 and Highway 9 corridors, retail demand has exceeded supply in the Puget Sound Region for more than a decade. As of the second half of 2004, the retail vacancy rate in the north end sub-market was 1.1%. With an average family income of $72,557 in the trade area, the Snohomish County has a void of experiential or “shoppertainment” projects.