Yesterday, featured in the Seattle P-I, was an article reaffirming all the new upgrades Bellevue Square is and will be doing in the coming months.
The Seattle newspaper quoted Kemper Freeman explaining that, “Shopping centers, as a rule of thumb, need to be remodeled every 10 years.” The last major remodel was the transformation in the 1980’s that turned Bellevue Square from an outdoor mall to an indoor mall, making this current remodel long overdue. The story also uncovered an interesting fact, that Kemper Development Co. owns about 10% of Downtown Bellevue.
One change to Bellevue Square, not yet reported by the Downtown Bellevue Network, is that the center court clock tower will be moved to the corner of NE 6th street and Bellevue Way NE. (The renderings show that it will have a stylish upgrade to it as well).
Although a large part of the country is currently in a downswing, Bellevue (and many parts of the Puget Sound) continue to bring positive financial results and outlook for the future. Within a 10-minute drive of the Downtown Bellevue shopping areas, there is 102% of the population that Rodeo Drive in Beverly Hills has, and 98% of the household income.
The article confirmed that all upgrades should be complete by this coming holiday season, which is a year later than originally planed.
