Real Estate Initiatives

The Port's substantial marine-related investments coupled with technological and other marketplace changes have created greater flexibility in how the Port could use its properties while maintaining the commitment to traditional marine uses. For example, the high-capacity container Terminals 5 and 18 are handling record-breaking volumes of seaborne containerized cargo that have freed up acreage on the landside of Terminal 91 for other potential uses.

The Real Estate Division's mission is to improve the use of selected Port assets to promote regional economic vitality and job creation, generate new revenue for the Port and enhance the built and natural environment.

The Real Estate Group is focusing specifically on:

Pier 48

In Seattle's South Harbor, Pier 48 provides berthing for trawlers and other large vessels. Its future, however, may rely more on its excellent proximity and access to the south end of the city's downtown. The Port and Washington State Ferries are jointly investigating a renovated and reconfigured ferry terminal at Colman Dock and Pier 48, reviving an earlier effort stalled due to a loss of state funding.