According to documents submitted to the City of Bellevue, updated information has become available regarding the two-tower office project at 500 112th Avenue Northeast. The mixed-use project was previously referred to as “Bellevue Straits”. Lane Partners has changed the name of their nearly 1.2 million square foot development to “Terraline”. […]
Commercial Real Estate
Vacant Commercial Space Decreases in Bellevue Business District As Move-Ins Take Place through 2022
As we know, the pandemic slowed near-term plans for employees to move back into offices. Although it is unknown when employees will return to physical offices in large numbers, rental rates have reportedly increased, and the Eastside is predicted to return to pre-pandemic vacancy by early 2022, according to Colliers, […]
4-Building Office Project Planned for Site of Sheraton Bellevue Hotel
Real estate investor. Tishman Speyer, has submitted plans to the City of Bellevue for a four-building project in Bellevue, “112th & Main”. The company is planning the project where the Sheraton Bellevue Hotel is located (although not open). The address is 100 112th Avenue Northeast. The project is nearly 1 […]
19-Story Office Tower Proposed on 106th Ave NE at Site of Rite Aid in Bellevue
Pre-development plans were recently submitted to the city of Bellevue by Schnitzer West, a private real estate company, for an office tower on 106th Avenue Northeast. The address is 120 106th Avenue Northeast, where Rite Aid is currently located. The office tower is planned to be 19 stories. There will […]
Organic Beauty Spa to Open in Downtown Bellevue at Luxury Condo Tower
Organic beauty spa, Sevid Beauty, is opening soon in Downtown Bellevue. It is located on Bellevue Way Northeast, at the new luxury condo tower, One88 Treatments that are offered at Sevid include facials, peels, body wraps, body treatments, massages, lashes, eyebrows, cryo, and celluma LED light therapy. All products used at […]
Vietnamese-Style Cafe, Bambu Bellevue, to Close Permanently Sept. 26
Vietnamese-style cafe, Bambu Bellevue, is permanently closing at the end of this month. It is located at Belle Arts Condominiums on 108th Avenue Northeast. They opened their shop in May 2019. They recently reported this news on their Instagram and Facebook pages. Their message read, “the journey has come to […]
Goldman Sachs Signs Lease for Site of Proposed 1.2M Sq Ft Project in Bellevue
Goldman Sachs recently signed a lease for the site of Bellevue Straits, at 520 112th Avenue Northeast. Two high-rise office towers are being planned for this location, totaling over 1.2 million square feet of office, retail, and restaurant space. Executive Managing Director, Joe Lynch, and Senior Managing Director, Dan Harden, […]
$8 Million Bellevue Penthouse Condo Sets Sales Records
Avenue Bellevue, the two-tower luxury condo, hotel, and retail project, recently announced that their penthouse unit has sold for $8,004,000. The three-bedroom, three-and-a-half bath unit is one of the highest priced condominiums ever sold in Bellevue. The 2,725 square foot condo cost $2,937 per square foot, setting an all-time record […]
Newmark Completes $32.5M Sale of Bellevue Development Site on 108th Ave NE
We recently reported that Capstone Partners Director, David Otis, submitted a predevelopment services application to the City of Bellevue for an 11-story office building. This comes after plans for a condominium tower on 108th Ave NE changed to an office building. According to a press release, Newmark, a major commercial […]
Plans for Condo Tower in Downtown Bellevue Change to 11-Story Office Building
Plans for a condominium tower in Downtown Bellevue recently changed to an office building. The address is 305 108th Avenue Northeast, formerly home to Compass Real Estate. Capstone Partners Director, Dave Otis, submitted a predevelopment services application to the City of Bellevue for an 11 story office building. The building […]