SEATTLE-The City of Seattle this week granted the Port of Seattle a Shoreline Substantial Development Permit, clearing the way for a $71-million reconfiguration and redevelopment of Terminals 37, 42, and 46, which comprise one big container cargo facility leased by Hanjin Shipping Ltd. The official address is 1202 Alaskan Way.

Hanjin last year inked a 10-year, $126-million renewal and expansion lease agreement that included the improvements. The plan calls for the demolition of five existing buildings and the development of several new ones including a 15,000-sf administration building and a marine operations building (the port could not provide the size of the structure). Other improvements include the strengthening of 2,300 lineal feet of waterside pier, three new container cranes and upgrades to electrical and refrigeration systems and the maintenance-and-repair facility.

Under the lease agreement, Hanjin is currently leasing 60 acres, up from 50 acres under its last agreement. When the improvements are completed, the Hanjin lease will expand to encompass the entire 88-acre property, which will cease to be called by three different terminal numbers. “I’m calling it Terminal 46,” Port Business Development Manager Scott Pattison told in September.

The City’s shoreline permit approval is appealable to the Washington State Shoreline Hearings Board until at least Dec. 9, 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.