Wright Runstad & Company and Shorenstein Properties recently announced that they have pre-leased Block 13 in the Spring District. The planned office building has been leased to Meta. Block 13 will be a nine-story office building with 208,000 square feet of space. The architect for the project is NBBJ. Block […]
Real Estate
1.2M Sq Ft Two-Tower Office Project in Bellevue Gets Updated Name, Rendering
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”. […]
Vulcan Breaks Ground on 1.4-Acre Development Site in Bellevue
Seattle-based Vulcan Real Estate recently announced that they broke ground on their 1.4-acre development site near the future location of the BelRed/130th Light Rail Station. The address is 13238 Northeast Spring Boulevard. The development will include eight stories, made up of 249 residential units. “Ondina”, which means little wave in […]
7-Story Apartment Project Receives Design Review Approval Near Future Light Rail in Bellevue
A newly proposed residential development by BIG 1, LLC, recently received design review approval from the City of Bellevue. The address is 13000 Northeast Bel-Red Road. It is located near the future East Link light rail. The apartment project, named “Big 1” is planned to be 7-stories with approximately 173 […]
Q3 Condo Real Estate Report for Downtown Bellevue
We interviewed Jason Foss of the NWG Team I COMPASS to learn of Downtown Bellevue’s most recent trends in the real estate market. Jason comes with 15 years of experience and is a recognized expert in urban properties. What do you think is driving sales and pricing of downtown Bellevue […]
Key Details for $500M+ Transit-Oriented Development in Bellevue Approved
According to the City of Bellevue, the Sound Transit Board of Directors recently approved key transaction terms with developers to build an almost seven acres of transit-oriented development across from the Spring District. This will be adjacent to the Operations and Maintenance Facility: East, which was recently completed. BRIDGE Housing […]
Home of the Month: Renovated Mid-Century on Clyde Hill, $5.2M
This fully renovated Mid-Century home boasts sweeping views of the lake, Seattle skyline, golf course, and Olympic Mountains. It sits on a sunny corner lot on Clyde Hill. The light-filled home features open spaces with walls of windows. It has been updated with new paint, kitchen with top-of-the-line everything, luxe […]
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 […]