<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=192888919167017&amp;ev=PageView&amp;noscript=1">
Thursday,  November 21 , 2024

Linkedin Pinterest
News / Business / Clark County Business

Port of Vancouver OKs lease for two blocks of Terminal 1

By Anthony Macuk, Columbian business reporter
Published: April 8, 2021, 6:00am
success iconThis article is available exclusively to subscribers like you.
3 Photos
Construction of the AC Hotel by Marriott continues at the Port of Vancouver&#039;s Terminal 1 redevelopment site. Earlier this week the port commission signed a 50-year lease with a developer who will build a mixed-use project on the northern two blocks of the site, near the railroad berm.
Construction of the AC Hotel by Marriott continues at the Port of Vancouver's Terminal 1 redevelopment site. Earlier this week the port commission signed a 50-year lease with a developer who will build a mixed-use project on the northern two blocks of the site, near the railroad berm. (Amanda Cowan/The Columbian) Photo Gallery

The Port of Vancouver Board of Commissioners approved a lease for the northern two blocks of Terminal 1 on Tuesday, a step forward that impacts a significant portion of the site’s developable land area adjacent to The Waterfront Vancouver.

The ground lease with BOZ Port of Vancouver, a joint venture from Texas-based Lincoln Property Company and Bridge Investment Group, includes an initial 50-year term with two extension options.

Thank you for reading The Columbian.

Subscribe now to get unlimited access.

Already a subscriber? Sign in right arrow icon
Loading...
Columbian business reporter