Chef Joshua Skenes, a Michelin three-star chef, will no longer be opening his sealife-focused restaurant, Angler, at Avenue Bellevue, the luxury mixed-use development. Silverstein Capital Partners, the current owner of Avenue Bellevue, confirmed the change. Skenes had planned to bring his renowned dining experience, known for cooking over an open […]
Tag: Silverstein Capital Partners
Bellevue Real Estate Update: Prices, Inventory & Trends – End of 2024
Bellevue’s housing market has changed due to rising mortgage rates, limited inventory, and shifting buyer demand. In King County, homes have recently sold at asking price on average, a shift from previous years when they sold above or below list price. Higher interest rates have made buying less affordable, but […]
New Ownership Takes Over Avenue Bellevue Following Developer-Lender Agreement
Avenue Bellevue, the billion-dollar mixed-use development located at 10300 Northeast 8th Street, has undergone a notable change in ownership. Andy Lakha, CEO of Fortress Development, has transferred ownership of the project to an affiliate of Silverstein Capital Partners, according to a recent press release. This transition follows closely on the […]
Mixed-Use Project, Avenue Bellevue, Closes Largest Construction Loan in Bellevue History for $700M
Avenue Bellevue, LLC, in partnership with Fortress Development, recently announced that they secured financing for its flagship project, Avenue Bellevue. The two-tower luxury condo, hotel and retail project, is currently under construction. The $700 million transaction with Silverstein Capital Partners is the largest construction loan in Bellevue history. It is […]