Architectural firm, GGLO, recently submitted applications for Design Review Approval and Master Development Plan Approval for Wallace Properties’ Bellevue North project. The project is set to be completed in two phases.
According to the application for the Master Development Plan and two Design Review applications, the mixed-use project located at 1000 – 1100 Bellevue Way Northeast and 10451 Northeast 12th Street includes residential units, below-grade parking, and retail and restaurant space. The site currently features a strip mall and various buildings that house businesses such as Wells Fargo, UPS, Panera Bread, Adventure Kids Playcare, and Umpqua Bank.
The proposed master development plan for Bellevue North includes two phases, covering a total of 183,785 square feet of land. Phase 1 will be developed on a 78,235 square foot site and features a two-building mixed-use project.
Building A will be a high-rise with 308 residential units and ground-floor retail, while Building B will be a mid-rise with 158 residential units and ground-floor retail. Both buildings will share a parking podium with four levels of underground parking.
Phase 2 will occupy the remaining 105,550 square feet and includes 429 residential units distributed across two eight-story buildings. This phase will also provide 23,683 square feet of retail and restaurant space, seven affordable housing units, and 474 parking spaces.
The new construction will consist of Building C, a mid-rise with 246 residential units and ground-floor retail, and Building D, a mid-rise with 183 residential units and ground-floor retail. Both buildings will share a parking podium with two levels of underground parking.
Previous reports indicate that the second phase of redevelopment cannot begin until 2027 due to existing lease commitments.
The residences will include both market-rate and income-restricted units, in accordance with the City of Bellevue’s Multifamily Tax Exemption (MFTE) program. Approved in 2021, the MFTE is an affordable housing incentive aimed at new apartment developments in specific areas of Bellevue.
