Coastal Villages Region Fund Acquires Seattle Marina and Office Property
The shaded area at 1801 Fairview Avenue East in Seattle now belongs to the
largest Alaskan-owned seafood company.
CVRF
Coastal Villages Region Fund (CVRF) is now the proud owner of a Seattle waterfront property that it has occupied since 2015.
Base of Operations
CVRF closed on the purchase of 1801 Fairview Avenue East, on the shore of Lake Union, from its neighbor, United States Seafoods. The property includes a marina and a building with 16,000 square feet of office space. The property will serve as CVRF’s base of operations in the Lower 48.
“The acquisition of this premiere property provides CVRF and our Western Alaska communities with an extension of our Bering Sea operations to Seattle and demonstrates our expanding role in these fisheries,” says CVRF CEO Eric Deakin. “We take great pride in seeing many of our boats off from this location—a 100 percent Alaska-owned fleet—as they head to Alaskan waters, knowing that their harvest feeds the world and in turn funds critical programs across all twenty of our member communities.”
CVRF is a nonprofit that pools the Community Development Quotas of twenty villages in Southwest Alaska, making it the largest Alaskan-owned seafood company. US Seafoods also operates in the Bering Sea and Aleutians with four catcher vessels and two catcher-processors.
“This has been a long-time in the making, and it’s a win/win for both of our organizations,” says Matt Doherty, the president and CEO of US Seafoods. “It allows US Seafoods to focus on its core fishing operations and provides a stable home-base for CVRF’s growing fleet.”
The property was developed in 1963 and was once a home port for the National Oceanic and Atmospheric Administration. US Seafoods has owned it since 2012 and will continue to keep offices there, alongside CVRF.
The property will be owned and managed by Fairview Harbor, an LLC affiliate of CVRF.
What happens when a city with fewer than 300 residents becomes a major freight and tourism hub, despite being accessible only by boat, plane, or a one-lane highway/railroad tunnel managed on a strict schedule?
If you’re in the City of Whittier, you get busy. The city has two separate transportation planning efforts underway, including a safety action plan under the federal Safe Streets and Roads for All initiative, which focuses on improving safety for pedestrians, cyclists, motorists, and emergency responders. The second is Whittier Moves, the city’s transportation master plan, which serves as the long-term roadmap for growth.