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August 20, 2012 | | Comments 6

Kemper Development Moves Forward with Lincoln Square Expansion

Lincoln Tower Part 2 Aerial BPlans to expand Lincoln Square in downtown Bellevue are moving forward, according to reports from the PSBJ.

Kemper Development Co. has applied for a building permit for the site at 410 Bellevue Way NE, south of the Bellevue Arts Museum, near the intersection of Northeast Fourth Street.

The planned $850 million mixed-use development will feature a 120-room hotel, a residential tower with 200 units, 392,000 square feet of retail space, 545,000 square feet of office space, and seven levels of underground parking, according to the report.

Kemper Development Co. expects it to take about 10 months before the city gives the nod to begin construction on the garage. The project was delayed in the middle of 2008, and at the time was expected to be delayed for at least 18 months. It appears now that construction will be no earlier than about 5 years after the initial delay.

Building rendering is from 2008

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Filed Under: BusinessCommercial Real EstateCondosNewsReal EstateShopping

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About the Author: Lauren is a freelance journalist who lives in Bellevue, Washington.

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  1. Does this mean Your Local Market is definately not reopening in Sept?

  2. Can’t wait to see this get built! Do you have an idea of what the tenant mix will be? I always thought Lincoln Square had a very odd mix but somehow they were able to make it work. Not many mixed-use complexes have high end furniture stores mixed in with nightclubs and bowling alleys. lol

  3. Possibly some views will be lost for Bellevue Towers residents.

  4. Great news!

    Kinda feel bad for Lincoln Square residents who paid for the view.

  5. So Kemper took my advice!!! (see my comment on http://www.downtownbellevue.com/2012/06/25/bellevue-your-local-market-closes-goal-reopen/)

    I will be taking a lot of credit for that.

    You’re welcome.

  6. I think this is great news. Personally, I’m happy to hear that Your Local Market will not be returning. Jason Brown is a crook and a thief! I hope he gets run out of town.

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