At the intersection of Northeast Eighth Street and Bellevue Way, there is one one corner that Kemper Development, owner of the Bellevue Collection, does not own. The Bellevue Collection is a multi-block, mixed-use development that includes the 1.3-million-square-foot Bellevue Square shopping mall. According to the Seattle Business Journal, the company is in talks to acquire an acre on the northwest corner of the intersection. The owner of the parcel is Kaylen Investment, a company owned by the Neumann family.
According to the publication, a spokesperson for Kemper Development acknowledged the talks but declined further comment.
The quarter-block property is currently occupied by a 40,000 sq. ft. retail building and 52 parking spaces.
Current tenants include Cost Plus, a Sleep Country USA mattress store, D’Original jewelers, and HSBC Bank.
If Kemper Devlopment were to aquire this property, what would you like to see developed there?
