According to Skyline Review report (as originally reported by PSBJ), Bellevue’s vacancy rate for Class A office space is the lowest in the country at 3.9%. The average vanacy rate throughout the country is just over 13%. Bellevue rents are about $41.50 per square foot, which is over 9% higher […]
Real Estate
The Spot Off Main Bar in Bellevue Closes to Prepare for Construction
The Spot Off Main Bar on Main Street in Bellevue has closed. The restaurant’s location will soon become a construction zone. The NW corner of Bellevue Way NE and Main Street will eventually play host to The Main Street Gateway project. The Spot Off Main opened in October of 2007, […]
Red Door Spa in Bellevue is Closing at The Bravern
According to Red Door Spa they will be closing their store at The Shops at The Bravern on March 22nd. If customers are holding gift certificates or gift cards they are encouraged to use them prior to the closure. Otherwise they are able to use it at the other Red […]
Park Metro Apartments in Downtown Bellevue Now Open
The 78-unit Park Metro apartment complex has opened on NE 12th St. The mixed use complex is a block from the downtown Bellevue public library. There are studio, one, and two bedroom apartments available for rent. Building amenities include a rooftop terrace, an exercise room, and electric car charging stations. […]
Old Safeway Building Demolished, Making Way For Bellevue Collection Expansion
The Old Safeway Building at Bellevue Way and NE 4th St has been demolished. Seeing the building in scraps, although anticipated is still a strange sight. This is on-schedule according to our report in December. The Bellevue Collection is making way for its expanded mix-use development with entertainment, office space, […]
Low Income Housing Institute Breaks Ground on Downtown Bellevue Project
The Low Income Housing Institute plans to break ground on the Bellevue Apartments this week. The site is located at 204 111th Ave NE, near NE 2nd St, in downtown Bellevue. The $16.6 million project will offer 57 residential units, ranging from studios to three-bedroom apartments. Rent is expected to […]
Downtown Bellevue Church Property Sells for $30 Million
First Congregational Church’s property in downtown Bellevue was acquired by Plus Investment USA on Monday for $30 million. The 1.6-acre property is located at 752 108th Ave NE. The property is zoned for a high-rise development, and according to the previous property owner the land could fit a 500,000 square […]
Alley 111 Apartment Project Continues Progress & Reveals Additional Renderings
Directly across the street from The Bravern at 11011 NE 9th St, construction has begun on the the real estate project, Alley 111. The project will feature 11 floors of residential apartments, and one floor of retail. There will be 260 apartments and 6,222 square feet of retail space. Amenities […]
Bellevue Collection Prepares For Mixed-Use Expansion
If you’ve driven by Bellevue Way, you’ve likely seen fences up around the old Safeway and surrounding buildings. Scan Design recently closed their location, all which is in preparation for the Bellevue Collection mixed-use expansion. As noted earlier in May of this year the Bellevue Collection expansion will be a […]
Bellevue Towers Condos 100% Sold Out
Seven years after the first pre-sale, Bellevue Towers has now sold and closed all 539 homes within the two condo towers. Bellevue Towers began their pre-sale in October of 2006, and had residents move-in as early as the beginning of 2009. According to MLS records the last home to sell was […]
