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9/27/24
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The new Port of Vancouver USA Terminal 1 mixed-use development has officially opened to the public. The two-building complex features 366k sf of Class A office space, 12k sf of ground floor retail space, and premium commercial amenities in the city’s burgeoning waterfront district.
The project was developed by Lincoln Property Company. The Port of Vancouver USA four years ago selected Lincoln to develop the site on port land along the Columbia River in one of two master-planned communities that are transforming the waterfront into an upscale live/work/play neighborhood.
Ideally located in the city’s urban core with exceptional access to highways, public transit, and Portland, the waterfront district is emerging as a premier destination for businesses, residents and tourists in the fastest growing city in the Portland-Vancouver MSA.
Lincoln’s Terminal 1 development will be the new global headquarters for ZoomInfo, the Vancouver-based go-to-market AI platform provider. Lincoln’s Terminal 1 complex features 10- and nine-story buildings, a rooftop deck, and 10k sf of undulating landscaped green spaces and outdoor seating that will also be open to the public. A significant number of parking to support the project will be available on nights and weekends.
The Terminal 1 project, which is targeting LEED Gold certification, is a 10-acre site already featuring an AC Hotel by Marriott, green open spaces, walking trails, and bike paths, with a public market and multifamily housing in the pipeline. It is adjacent to The Waterfront, a 32-acre master-planned community with several apartment buildings, office space, restaurants, shops, and a $35 mil riverfront park.
When completed, the communities collectively will have an estimated 3,300 luxury residential units, boutique hotels and other amenities, and will generate over 4,000 permanent jobs.
Vancouver, located at a key crossroads of shipping lanes, interstate highways, national rail lines, and the Portland International Airport, has experienced tremendous growth over the last decade, thanks to zero corporate and personal-income taxes and pro-business incentives. The Port of Vancouver USA Terminal 1 development, for instance, is a designated Opportunity Zone.
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