Developer announces plans for Osprey Pointe project

 

Developer announces plans for Osprey Pointe project

A development company has six months to come up with a plan to turn 52 acres of Pasco riverfront into a mixed commercial and residential development.

Mitch Gilbert of Eaty Gourmet LLC has signed an exclusive letter of intent with the Port of Pasco for the development along the south side of East Ainsworth Avenue, called Osprey Pointe.

“It’s a multifaceted agreement that took a lot of effort by both parties to shape,” Gilbert said in a news release. “Together we are committed to expanding the community’s economy and adding to its vitality.”

Gilbert’s company plans to focus on the master development plan, strategic partnerships, and securing financing for the project that will include a market hall, boutique hotel, indoor-outdoor event space and a mix of commercial and residential housing, according to a port news release.

“The port commission has always believed that Osprey Pointe is a special place to create investment and opportunity in Pasco. The Eaty Gourmet group gets that. The vision they presented will accelerate revitalization and create national interest and prestige. This project can be transformational for Pasco and the Tri-Cities,” said Jean Ryckman, port commission president, in a statement.

The agreement between Gilbert and the port allows for six months to create a plan to address the project’s amenities, schedule and financing.

Story by Tri-Cities Business News >

 
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