The Marina Square development is underway, following the Port of Bremerton’s sale of a two-acre parking lot to Sound West Group. The sale concludes a deal that has been in the works since the tail end of last year. Juniper Capital provided Sound West with $1.75 million in short-term financing for the acquisition.
Marina Square will consist of two six-story buildings, each with stunning views overlooking the Bremerton Marina. The south building is scheduled to become a hotel containing 120 rooms, a restaurant and commercial space, while the north building will include 134 apartments and three levels of parking. Construction is anticipated to take roughly 18-24 months.
Aside from dazzling views and amenities, one of the major draws to this property is its five-minute walking distance to the ferry terminal. Commuters will rejoice to learn that two additional fast ferries, each with 118 seats, will join Kitsap Transit’s single-boat operation by the time construction is completed. Additional boats provide a more flexible and reliable service for renters working on either side of Puget Sound.
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We’d like to thank the Daily Journal of Commerce and Brian Miller for this article with the above information.