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. […]
Apartments
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 […]
Main Street Property For Sale With Plans of Housing Units
A property at the intersection of Main Street & 107th Ave. NE is for sale. The site, which occupies 22,209 sq. ft. has an asking price of $4.5M. The property has been fully permitted and now has a plan, which Colliers International has put together, for a potential buyer. The […]
Developer Pays $7 Million for Downtown Bellevue Property
A developer recently purchased the downtown Bellevue site where Taco Time is located for more than $7 million. The 25,025-square-foot property, located at 201 106th Ave. NE, houses Taco Time and a dry cleaner, although the site is zoned for a 20-story mixed-use project. The developer is with an investment […]
Washington Square Superblock Development Plan Shifts
Plans for downtown Bellevue’s Washington Square superblock shifted this week following an announcement by commercial real estate developer Touchstone Corporation. The company reported that it was “out of contract” on the southern part of the block, according to an article in the Seattle Daily Journal of Commerce. Touchstone Corporation had […]
Madina Vadache Store Opening at 989 Elements Apartments
Dress to impress on Saturday, August 13th, and join Madina Vadache as she celebrates the grand opening of her new Bellevue boutique at the 989 Elements apartment building. The “Film Noir” Fashion Show will feature the Madina Vadache Couture Collection and a preview of the fashion clip, Film Noir. Vadache […]
