Puget Sound Business Journal released an article on the newest developer in Downtown Bellevue. If you’ve been paying attention, then you’d know that Bellevue Towers (next to the Bellevue Galleria) is going up really quickly! The concrete frames have risen up to at least 20 stories – each, and both are well on their way to being 42 and 43 stories high.
With the Puget Sound region’s condo market softening, many might say they won’t sell. Just tell that to Realty Trust Group which has sold more than 160 of the first phase’s 293 luxury units (the north tower and cetral podium) more than a year before the scheduled completion.
The $500M project that sits at Northeast Fourth Street and 106th Avenue Northeast is being put together by Portland-based Gerding Edlen. In fact, the firm relocated principal Scott Eaton to work out of the Bellevue sales office to oversee the development.
Prices for the units start at about $400,000. According to Columbia Real Estate Group’s FatReport tracking local new condo sales, Bellevue Towers units are commanding an average of $675 per square foot.
Not only that, downtown Bellevue will be able to tout the Towers as LEED building with the development team targeting the Gold certification from the U.S. Green Building Council (USGBC).
