According to City of Bellevue records, updated plans have been submitted for the Washington Federal building. The project is located at 400 108th Avenue Northeast.
Clarion Partners, a real estate investment group that is headquartered out of New York, is planning a 17-story building with about 356,000 square feet of space. The project will have 8,000 square feet of ground-floor retail and 730 underground parking stalls. The heigh of the building will be between 250 to 270 feet tall.
The co-developer for the project is KG Investment Properties, a boutique real estate services firm. The designer for the project is ZGF.
The goal of the project, according to city documents, is to transform the development into a “new tower supporting a rich, urban experience for Downtown Bellevue pedestrians, bicyclists, and workers.”
Washington Federal Bank sold their corner property to Clarion Partners for $53.5 million in 2019. The property is located across the street from an Amazon-leased building. It is down the street from Bellevue Corporate Plaza, the first purchased building by Amazon for $194.9 million.
