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 […]
Real Estate
Bellevue Towers Reaches 300 Closed Sales
Bellevue Towers closed its 300th home this week, which puts the downtown condominium property within reach of receiving final Fannie Mae approval for the entire project. Achieving final Fannie Mae approval will lead to increased financing options for potential buyers, such as lower down payments and more flexible qualification criteria, […]
KidsQuest to Move into Former Bellevue Doll Museum in 2015
KidsQuest Children’s Museum plans to move from the Factoria Mall to the former doll museum building in downtown Bellevue in 2015. KidsQuest has agreed to purchase the former Rosalie Whyel Museum of Doll Art, located at 1116 108th Ave. NE, according their recent press release. The building is more than […]
Amazon Grill Closes in Less Than a Year
In just under a year Amazon Grill in Downtown Bellevue at 530 112th Ave NE has closed for business. A piece of paper on the restaurant door states “Restaurant closed until further notice.” The restaurant outside signage currently has a large “For Lease” banner covering up Amazon Grill sign. Amazon […]
Bellevue Post Office Consolidation May Leave Downtown Bellevue Without a Location
A letter from the United States Postal Service to the City of Bellevue states that both the Midlakes and Bellevue Main Post Offices may relocate to one location just north of Bel-Red Road, at 120th Ave NE. The relocation is part of a cost cutting measure for the U.S.P.S. that […]
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 […]
Penthouse at One Lincoln Tower Sells For $2.3M – Over 50% Off
In September of 2011 the penthouse at One Lincoln Square as we reported (https://downtownbellevue.com/2011/09/19/one-lincoln-square-bank-owned-penthouse-for-sale-4-95m/ ) was first listed for $4.95M. On March 28th the sale was complete to an owner that paid $2.3M, 53% lower than the original asking price. The price paid was also lower than the last sale […]
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 […]
Hybrid Car Company, Fisker, Opens Dealership in Downtown Bellevue
Fisker, a new luxury sports car hybrid automotive company, has opened a small dealership in Downtown Bellevue. The dealership is owned by the O’Brien Auto Group, which owns Lexus of Bellevue and several other dealerships in the Puget Sound area. Fisker started delivering the Fisker Karma in the 2nd half […]
Sold for $79 Million: The Shops at The Bravern
The Shops at The Bravern have been sold, according to the Puget Sound Business Journal. The report states that Ashkenazy Acquisition Corp., a firm out of New York City, has purchased the shopping center for $79 million. Schnitzer West, the seller and developer of The Bravern, put the center up […]
