According to a real estate listing, the property next to Bellevue Downtown Park where the proposed “Bellevue Park Hotel” was planned is now up for sale with an asking price of $5.75 million. In February 2011 the luxury hotel received design approval and had filed for permission to demolish the […]
Real Estate
City of Bellevue Leaders Say Cranes May Be Returning to Downtown Bellevue
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. […]
Kemper Development Buys Oriental Rug Co. Corner Property
The PSBJ is reporting that the Kemper Development Co., has acquired a prime, corner location, adjoining Bellevue Square. The location, on the northwest corner of Bellevue Way and NE 4th St., is enveloped by real estate owned by Kemper Development. Via the acquisition, Kemper will own all of the property […]
Job Growth is Driving Ebay Office Relocation to Downtown Bellevue
Guess who is coming to Bellevue. The online merchant Ebay is going to centralize its Puget Sound organization within a downtown Bellevue office tower. According to a report via our news partner, the Seattle Times, the San Jose, Calif., based company has signed a multi-year lease for 53,000 square feet […]
Rockefeller Group Development Plans for High-rise Complex in Downtown Bellevue
The Rockefeller Group, a global private company based in New York City, primarily involved in real estate operations in the United States, has plans to enter the Downtown Bellevue commercial real estate market. It is well known for the development of Rockefeller Center in New York Bellevue’s Sterling Realty Organization […]
Three Developers to Begin Construction on Apartments in Downtown Bellevue in 2013
Three developers will start construction on nearly 560 apartments in downtown Bellevue this year, according to the Puget Sound Business Journal. Last week the City of Bellevue approved Alamo Manhattan’s design for the 1.5-acre site at 10505 Main St. Two six-story buildings will include 260 apartments, 7,000 square feet of […]
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 Office Building Downsized to 23-Stories
The 3-acre property at NE 8th between 108th and 110th Ave NE according to our news partner The Seattle Times will be downsized from what was expected to be a 32-story office tower, to what will now be a 23-stories. The land is currently being utilized as a parking lot. […]
Downtown Bellevue Site Available for Development
Commercial real estate brokerage firm Kidder Mathews will market one of the last remaining development sites in downtown Bellevue. The property features about 58,500 square feet of land area between One Bellevue Center and Key Center, at 437 – 527 108th Ave. NE. The site has been privately owned for […]
Bellevue Towers Reaches 80 Percent Sold
As of this week, Bellevue Towers is 80 percent sold. Bellevue Towers has sold 178 homes this year, bringing in more than $285 million in revenue and pushing the project to 80 percent sold, according to a press statement. The condominiums are priced from $469,000 to more than $2 million. […]
