VANCOUVER, WASH. — Lincoln Property Co. (LPC) has opened Port of Vancouver USA Terminal 1, an office and retail development in southern Washington. The two-building complex is located in the city’s waterfront district and features 366,000 square feet of Class A office space, 12,000 square feet of ground-floor retail space and commercial amenities.
The office component of the project will house the new global headquarters for ZoomInfo, an artificial intelligence platform provider based in Vancouver.
Four years ago, the Port of Vancouver USA selected LPC to develop the site on port land along the Columbia River in one of two master-planned communities that are transforming the waterfront into a live-work-play neighborhood. The waterfront district is situated in the city’s urban core with convenient access to highways, public transit and Portland, Ore.
The Terminal 1 development features 10- and nine-story buildings, a rooftop deck and 10,000 square feet of landscaped green spaces and outdoor seating that will be open to the public. Parking will be available on nights and weekends. The development team is also targeting LEED Gold certification.
The 10-acre site is already home to an AC Hotel by Marriott, green open spaces, walking trails and bike paths. A public market and multifamily units are in the pipeline. The complex is adjacent to The Waterfront, a 32-acre master-planned community with several apartment buildings, office space, restaurants, shops and a $35 million riverfront park.
When completed, the communities collectively will include an estimated 3,300 luxury apartments, boutique hotels and other amenities, and will generate over 4,000 permanent jobs, according to LPC.
The developer says that Vancouver 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 is situated within an Opportunity Zone.
Project partners included Bridge Investment Group, Robertson & Olson Construction Inc. and architectural firms West of West and DLR Group.
Since its inception in 1965, Dallas-based LPC has completed more than 164 million square feet of development and has another $20 billion currently under construction or in the pipeline.
— Kristin Harlow