Who knew Port of Vancouver revenues could be so delicious?
Port commissioners will vote on two food-related leases at their 9:30 a.m. meeting Tuesday at the port’s offices at 3103 N.W. Lower River Road.
A three-year agreement with Warehouse ’23 will replace a short-term lease for that restaurant and event space, which is expected to open this summer at the former Red Lion Hotel Vancouver at the Quay.
Monthly rent for the 16,000-square-foot space would be $10,000 plus tax and an undisclosed percentage of gross monthly sales, bringing the port nearly $1 million in revenue over the next three years. There is an option to extend the lease one year, and the port would also agree to pay up to $130,000 to help renovate the space.
The restaurant, operated by Beaches owner Mark Matthias, will likely be moved for a short time at the end of the lease when the port redoes its waterfront centerpiece at Terminal 1.