Near the west end of the pedestrian path along Spanish Banks is a stylized anchor with one point digging into the earth. It metaphorically marks the spot where Spanish explorer Don Jose Maria Naraez dropped anchor in 1791. He was reportedly the first European to come into this harbour.
Fuoss-Moore says that, "The anchor is a symbol of safety and solid footing. Vancouver with its port is intimately related to this symbol both past, present and future." (City Shapes catalogue, May 1986) The anchor was produced as part of the City Shapes Sculpture Symposium in 1986 to celebrate Vancouver's centennial.