Officials this week celebrated the opening of the first housing project on the Everett waterfront, part of a 65-acre mixed-use development emerging at the Port of Everett.

Seattle-based SeaLevel Properties, Calgary-based Gracorp, the Port of Everett, and the City of Everett marked the occasion with a ribbon-cutting for the 135-unit first phase of the Waterfront Place Apartments community on Wednesday.

A second phase of 131 units opens next year.

The apartments that opened this week are part of the port’s Waterfront Place, a 1.5 million-square-foot mixed-use development. The public-private development is estimated at $550 million, according to a news release.

The Sawyer building is the first phase to open in the Waterfront Place Apartments in Everett. Courtesy of Gracorp and SeaLevel Properties.

When completed, Waterfront Place will include 63,000 square feet of retail/restaurant space, 20,000 square feet of marine retail, 447,500 square feet of office space, two waterfront hotels, and up to 660 waterfront housing units. Featured amenities include new trails and regional parks together with public gathering spaces, dining, local shops, and marine sales and services at a marina that boasts 2,300 slips.

Recent Port investments include more than $50 million in completed projects at Fisherman’s Harbor, adjacent to the new Hotel Indigo and Waterfront Place Apartments, including roadways, utilities, lighting and landscaping, the new Pacific Rim Plaza and splash fountain, and a connected esplanade trail system with public dock walk, according to an announcement for this week’s event.

Hotel Indigo opened in fall 2019 with 142 rooms, the Jetty Bar & Grille, and about 7,000 square feet of meeting space.