Published May 2001

Developer hopes to spur downtown living in Everett

Herald Business Journal Staff

The Nautica, Steven Cupic’s $9 million, 121-unit residential/commercial project at the northwest corner of Hewitt and Grand avenues in downtown Everett, apparently won’t be the last such venture for his Cascasia Pacific Properties, based in Seattle.

He’s already talking to several Everett property owners about a second other sites for similar ventures in the downtown core.

“We can’t disclose the locations because I’m still in negotiations,” he said.

Cupic said he hopes other developers will join him in bringing more residents into Everett’s downtown area.

“I want the Nautica to be remembered as the project that jump-started downtown living again in Everett. I want it to be a catalyst,” Cupic said. “This area is ripe for development.”

“I feel that with the other developments happening in downtown Everett — the Port of Everett’s new plans for commercial development of the waterfront, the Everett Station (a new transportation hub) and Providence’s new $40 million Women and Children’s Center — my projects will spur the gentrification of the area by developing the old Bayside neighborhood,” said Cupic, a graduate of Everett High School.

Cupic, President of Cascasia, and project partner Michael Mastro Jr. of G&M Investments are looking for two commercial tenants for the Nautica, one for a 3,500-square-foot space and another who needs 1,000 square feet. The remainder of the ground-level space will be occupied by Nautica Partners LLC and a management company that will oversee operation of the buildings.

For more information, call Cupic at 206-284-5525 or send e-mail to cascasia@mindspring.com.

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