Bellevue Towers was the region’s best selling condominium project in 2011 with 144 homes closed and sold since January 1, 2011. Sales for the year was $88,940,000, which was double the volume of the closest comparable project in the market. Last year homes at Bellevue Towers averaged about $433 per square foot. The Downtown Bellevue project has now sold a total of 263 homes out of 539.
Bellevue Towers’ remaining homes include studio and one-bedroom residences, ranging from 807 square feet to 6,398 square feet. Prices start from the $300,000’s.
The Bellevue Towers include a 42-story North Tower and a 43-story South Tower. Each tower has its own lobby with concierge service. Residents of Bellevue Towers have access to a large urban garden that defines the two towers, a private screening room, large dining room with terrace and chef’s kitchen, fitness center, spa and sun deck, and a great room that opens to an expansive outdoor terrace with fireplace and barbecue grill.
Pricing and tour information available online.
There’s a 6398 sq ft one bedroom unit??
I guess their new marketing/website blitz worked quite well…
That is what happenes when you mark things down. They sell. But buyers should beware. They are buying a property that went bankrupt and they should know that going in. The builder cut corners and didn’t even finish some parts beforehand. Plus, when owners find building defects later, who are they going to go after? I actually feel sorry for anyone buying in Bellevue Towers. They think they are getting a good deal now, but when those special assessments come in later they’ll be crying foul.
@John,
I have been happily living in Bellevue Towers for more than 2 years. No part of the building is unfinished, and there is no sign of cutting corners anywhere in the building. We also don’t get any special assessments other than regular monthly dues. The only potential risk in buying here is that the prices may still go down some more, and that should be a concern only to buyers who plan on selling their units within the next few years. I am confident that the building will hold its value once all the units are sold.
I am very happy to be living in such a beautiful, vibrant place in the middle of Bellevue, and look forward to many more pleasant years here.
@John Have you ever toured Bellevue Towers? Can you give specific examples of what you’re talking about?
Bellevue Towers is one of the most beautifully constructed condominiums, not only in the area, but just in general. The interior finishes are high-quality, modern, and durable. I couldn’t disagree more with the statement that this builder ‘cut corners.’
I’ve toured every condominium in Downtown Bellevue, and Bellevue Towers is definitely a standout! It’s a gem.
@ LD, @ Lea John’s insights are invaluable. You are 100% naïve to ‘know’ that there are no problems with the building you bought into. Although, if you are a construction defect attorney by trade maybe you know some information we don’t. @LD, special assessments may be assessed about 4 years after the building has been transitioned over to the owners (75% occupancy rate) and once a building envelope study is conducted. Before that time you can rely on faith that the building was built well and no special assessments will be charged. I cite two examples of how new building may not be all that ‘perfectly built’, 1) Late 2011 at the Bravern Residential Tower an entire window fell out of place and fell 30 stories to land in the pets bathroom area in the common area below. 2) In Seattle there is a 25 story building built in 2001 that will be torn down because the construction workers forgot to seal the exposed area of all of the re-bar throughout the entire building. These are the kinds of things that ‘us’ buyers are never shown, nor can we even see it, when we are being shown these buildings.
There is nothing wrong wanting to buy a well-built property, I think John and I are really saying that we want to help all others utilize their money as well as possible given our experiences in this area. Good Luck!!
@Sam,
I don’t believe I am naive. I didn’t say there absolutely won’t be any problems with the building. There may be problems with the building, as there may be problems with any new or old construction. Don’t you face problems you didn’t expect when you buy a used house or a condo? I am confident that whatever problems Bellevue Towers may end up having, if ever, won’t be any more than a typical building of that size usually has.
Also John is incorrect stating that the builder has gone bankrupt. That technically did not happen. The largest investors group took over the maintenance and sales of the property without pushing the builder into bankruptcy. Both sides stated that it was an amicable agreement. The building and the common areas are still being maintained very well, and our homeowners’ warranties are still being honored.
This is a great location for contemporary, urban living!
@LD…Once again…Good Luck!!
Sam, where would you like to live in Downtown Bellevue; or do you already?
@ Dion..I currently live in Downtown Bellevue. It’s a great city!
Pingback: Bellevue Towers: Top in Market for Condo Sales Last Year | VDB Estates | Condominium Blog, News & Events, Market Updates
I meant, which building?
Hi I am so grateful I found your webpage, I really found you by mistake, while I was searching on Yahoo for something else, Regardless I am here now
and would just like to say thanks a lot for a fantastic post and a all round enjoyable blog (I also
love the theme/design), I don’t have time to read it all at the minute but I have saved it and also included
your RSS feeds, so when I have time I will be back to read a great
deal more, Please do keep up the superb work.