Vancouver’s new waterfront development just got some serious restaurant street cred with the announcement that El Gaucho will have a new restaurant located inside the new Indigo Hotel currently under construction on block 4. El Gaucho has four other locations, Seattle, Bellevue, Tacoma, and Portland. The Columbian reported on the announcment and added that El Gaucho will also run the ‘Sky Lounge’ planned for the eighth floor.
El Gaucho prides itself in table side preparation of dishes, high quality ingredients and a formal attire worn by the wait staff. Entreés are going to be higher than most, if not all other eateries in the Vancouver area.
I have been to the Portland location located in the Benson Hotel a number of times, all were either very special occasions or business events. For most El Gaucho is reserved for special events like a 25th wedding anniversary, or another milestone occasion as those menu prices can be cost prohibitive for middle-income earners. But the idea of being able to stay local rather than making a run down to Portland for El Gaucho, Ruth Criss, City Grill, etc. just adds to the power of the positive transformation happening on the waterfront that transcends the local project to benefit the whole county.
Some will bemoan the high values of property being erected and the higher end nature of the shops and restaurants, but one can’t expect the most premium real estate in the metro area to be used for second-hand shops, fast food, dive diners, and cheap apartments. It doesn’t work that way. There is a strong economic impact created on these types of developments that helps everyone on the economic ladder. Although most of the construction workers, electricians, plumbers, and other middle-income service providers cannot afford to live in the units being built, the billions of dollars being spent on their services may very well allow them to buy a new place of their own, or move up to the better living arrangement. Washington-based contractors should be loving this since travelling to Oregon for jobs is time-consuming and carries a heavy tax burden.
This waterfront will be a positive for the whole region, and will even prop up the whole Downtown area as it builds out. Remember, We are only at less than half built through the first of three phases to be built over the next 8-10 years.
I only hope our city leaders will do their very best to start using this exciting new development to attract some large employers to the area. Jobs are always a good boost for local economic conditions and getting 20-30 thousand of the 60 thousand plus who commute across the bridges to Portland back on ‘our side’ of the river is good for our local tax base and very good for our residents. Not to mention the reduced traffic load on the bridge.
I’ll be writing about Oregon’s aggressive highway tolling plan and the fact some Portland leaders are trying to target Washingtonians that cross the river to work. If Vancouver leaders play it right, we could get Portland employers to move over here. But they must be aggressive as well.