A developer recently purchased the downtown Bellevue site where Taco Time is located for more than $7 million.
The 25,025-square-foot property, located at 201 106th Ave. NE, houses Taco Time and a dry cleaner, although the site is zoned for a 20-story mixed-use project. The developer is with an investment fund based in northeast China, according to the Seattle Daily Journal of Commerce.
A Windermere Real Estate broker who is working with the developer said he plans to build apartments and retail on the downtown site, according to the article. The developer reportedly has family in the Seattle area and is working with MulvannyG2 Architecture of Bellevue.
The redevelopment permit process is expected to take 12 to 18 months.
