Built by hardware retailers from San Francisco, Schwabacher's Wharf was the site of several historic events. The freighter Miike Maru docked here on August 31, 1896, and opened trade between Seattle and Japan.
The following year, on July 17, 1897, the steamship Portland arrived bearing a "ton of gold" from Canada's Klondike River valley via Alaska. The ensuing gold rush would make Seattle "The Gateway to Alaska" and enrich local merchants like the Schwabachers, who provisioned tens of thousands of eager prospectors.
The pier was remodeled in 1974 as part of Seattle's new Waterfront Park, whose basin replaced the Schwabacher Wharf.