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.

At Juniper Capital, we share real estate news from the Pacific Northwest to keep you informed and achieve quality real estate investments in Seattle and the eastside. We specialize in commercial real estate loans, private construction loans, residential property loans, and more. Contact us to learn how we can help turn a “no” into a success story like this one.

We’d like to thank the Daily Journal of Commerce and Brian Miller for this article with the above information.