American Capital Group has filed for Design Review and Shoreline Substantial Development permits to build an eight-story apartment building called The Kelsey at 929 118th Avenue SE in West Bellevue.
The proposal calls for demolishing an existing 32,000-square-foot retail building and replacing it with a 356,809-square-foot residential tower containing 222 apartment units. The building would sit on a 1.66-acre (72,428-square-foot) parcel. Roughly 20% of the units are designated as affordable housing.
The site currently houses two retail tenants, Greenbaum Home Furnishings and Renaissance Rug Corporation. Construction is scheduled to begin in September 2027 and wrap up two years later, in September 2029.
Parking and Amenities
The Kelsey would include approximately 280 structured parking stalls split between above- and below-grade levels. About 12,300 square feet of the building is planned for amenity space, not counting elevator lobbies, corridors, and other back-of-house areas.
Outdoor amenities feature courtyards on the second level, a terrace on the fifth level, and a rain garden on the ground floor. The first level also adds a dog area and additional green space. Indoor offerings are set to include a resident lounge, game room, fitness center, spa, and coworking space.
Neighboring Development
The Kelsey would be built next to another project already under construction: Altaire at East Main, an income-restricted apartment community planned for a 4.55-acre site at 995 118th Ave SE, just west of The Kelsey’s location.
Altaire at East Main involves converting a partially built hotel into a seven-story, 146-unit multifamily building. Units will be reserved for households earning between 30% and 60% of the area median income, with a mix of one-, two-, and three-bedroom apartments plus one manager’s unit. The existing structure on that site is being demolished as part of the redevelopment.
Together, the two projects would bring hundreds of new residential units to the 118th Avenue SE corridor in West Bellevue.
