The Port of Edmonds recently announced a 50-year ground lease agreement with local father-and-son business partners for the waterfront property located at 300 Admiral Way.

This agreement marks a significant transition for the site, as Mike and Ryan Appleby acquire the Landing building from longtime building owners, Catspaw LLC.

The father and son duo plan to build a boutique hotel along the waterfront with new eateries and sauna facilities. The proposed boutique hotel’s current plans are to maintain the existing building’s footprint. Proposed public amenities include a full-service restaurant, sauna and spa, social club, event space, and first-floor café.

“The Edmonds waterfront has historically been a place where people from all over come to enjoy the natural beauty, great dining, and beautiful public spaces,” said Appleby. “Through our new partnership with the Port, we look forward to carrying on that tradition.” With development still years away, the Landing will remain a retail and office building for now, with Arnie’s Restaurant as the flagship tenant.