Local property owner Vander Hoek Corp. plans to construct a 369-unit apartment complex at the northwest corner of Bellevue Way NE and Main Street in downtown Bellevue, according to permits submitted with the City of Bellevue. The Main Street Gateway project, scheduled for completion in May 2016, will also include 23,475 […]
Apartments
The Future of Downtown Bellevue: The Spring District
The future of Downtown Bellevue is about to be shaped by an adjacent residential development site in Bellevue’s 36-acre mixed-use, Spring District, at the intersection of SR-520 and I-405. Wright Runstad & Company and Shorenstein Properties have chosen Security Properties to initiate the development. Security Properties will purchase a 2.5-acre […]
Development Company Announces Plans for Downtown Bellevue Main St Site
SRM Development plans to build a 258-unit apartment complex in downtown Bellevue this year, according to the Puget Sound Business Journal. SRM Development announced this week that construction will begin in late spring or early summer. The apartments will be situated above 32,000 square feet of commercial space at the […]
Report Indicates Two 14-Story Residential Towers to be Built at Bellevue Square
Credit: Flickr chispita_666 According to a report by The Seattle Daily Journal of Commerce Kemper Development, developer and operator of Bellevue Square, Bellevue Place and Lincoln Square, has a plan to build two 14-story residential towers and nearly 250,000 square feet of retail on the southeast corner of Bellevue Square. […]
City of Bellevue Leaders Say Cranes May Be Returning to Downtown Bellevue
The “crane index” was an informal way of characterizing the pace of development and the economic health of Downtown Bellevue during the boom years. The index consisted of the number of tower cranes at construction sites throughout the city. At the peak of development in 2007, there were 21 cranes. […]
Breaking Down The Seattle Times Downtown Bellevue Building Boom Article
On Sunday our partner, The Seattle Times put together a report for how Downtown Bellevue is well positioned for another building boom. The article made several references to planned construction in 2013. Below are the highlights of the expected development in Downtown Bellevue. Downtown Bellevue Construction Pipeline Highlights 5 Residential […]
Downtown Bellevue Apartment Complex Sold for $16.5M
Prometheus Real Estate Group has paid just over $16.5 million for the Limestone Court, a 48-unit downtown Bellevue apartment property with over 5,000 square feet of retail. Located at 900 108th Avenue NE in downtown Bellevue, the 48 unit community is a mix of one and two bedroom floor plans […]
Multifamily Midrise Suggested Across Street from The Bravern
The property directly across the street from The Bravern, on NE 8th St., has a sign advertising it’s for sale. The group representing the property, R.M. Watson Co., has proposed a 239-unit multi-family condo or apartment building. The signs also suggest that construction could start as early as summer if […]
Downtown Bellevue high-rise, Soma Towers breaks ground
The Seattle Times is reporting that the first Bellevue high-rise in four years has broken ground. Su Development, an Eastside and Seattle apartment developer, has begun work on a 21-story apartment tower in downtown Bellevue. This will be Bellevue’s first new, multistoried building construction since the real estate crash. The […]
Bellevue City Council Approves Funding for Low-income Apartments in Downtown Bellevue
The Bellevue City Council gave the green light to fund a 56-unit low-income apartment complex in Downtown Bellevue. The city’s contribution to the $15 million project will be $635,000. The funding comes from its Housing Fund for the Low Income Housing Institute’s Downtown Bellevue Apartments. The apartment building will be […]
