BELLEVUE | Projects and Updates!

[Gordo]

Originally Posted by Aleks

So how many condo's are actually occupied in the Bellevue Towers? Cause I was there yesterday and these towers look empty as hell.

They still look incredibly empty. I was at one of the Lincoln Square towers on Thursday for a meeting (and stayed at the Westin in the other Lincoln Square tower - very nice place, gets my seal of approval ), and later that night met some clients for dinner at Barrio (on the first floor of Bellevue Towers). I had a great view from my hotel room, and they looked maybe 10-20% occupied to me.

The Bravern Towers looked almost fully occupied though when passing by, but I couldn't see them from my hotel room, so maybe they just look that way from the street.

[kryten]

I am writing this from Bellevue Towers... (a new & happy resident)
The occupancy rate seems to be about 25 percent and climbing as there are more closings every month.

Quite happy with the building quality, staff and operations so far.

Bravern is a nice building - but it is not all residences like BT - has a large business tower, which is occupied by MS I believe. That tower will be lit. I recall them to be much behind BT - for one thing they are coming on-line later.

Washington Square apparently passed 50% occupancy - good for them. IMHO their building quality was not in the same league with Lincoln, BT and Bravern but they came on-line first...

2010 seems to be a more promising year for downtown condo activity now that the economic paralysis seems to be easing. Eventually energy efficiency and commute issues will push most suburbanites downtown - but that may be a long process...

[Gordo]

^Yeah, Bravern's got two residential towers and two office towers (both occupied by MS). I was talking about the residential towers, but like I said, I couldn't really get a good view of them from the street. I love the look of Bellevue Towers - they're much more distinctive and unique than the Bravern Towers (which are pretty cookie cutter and boring, IMO).

What floor did you snag? How is that Purple restaurant on the ground floor? It looked intriguing.

[InlandEmpire]

I'm curious too how this Purple compares to the dt Seattle one. Barrio looks like it has a decent menu too. I'll have to give both a try.

[kryten]

I am above the 20th floor, 1800 sq ft. 2BR 2.5BA unit. We have the two-bedroom suites w. Bath & walk-in closets floorplan (xx14 stack) with no wasted space whatsoever - really like the layout. The large utility room with ceiling mounted HVAC unit is wonderful and gives us ample storage.

Tried Barrio a couple times, liked it, especially the Tortilla Soup for lunch. Did not get a chance to try Purple yet.

We do like Wild Ginger and Artisanal at the Bravern also.

Moving downtown has been awesome so far, lots of awesome restaurants, shopping, an IMAX theater to catch Avatar 3D in - our cars are resting in the garage.

The building has been working smoothly, for a new building of this size. Hoffman Construction has done a good job for Gerding Edlen development.

There are a lot of people touring the building and the sales activity seems to have picked up after the new year. I believe the towers are 20% closed - with a number of other people in the pipeline with their 5% deposits.

We have a couple nice condos in other cities as well and really like this one in Bellevue Towers so far...

[crow]

nice to hear Kryten. With the overbuilding of condos across the country, it is great to hear about something "real life" as oppossed to all the doom and gloom of the building industry. The buildings in the end will be here much longer than the influxes of the economy. If the buildings work for the city and the residents, then maybe they are here for a long time.

The building is so irregular in many ways, it is interesting that you mention that there is no wasted space, and that it flows well for you. Great insight - thanks!

[chris08876]

Another office tower planned for Bellevue

Rendering: http://media.bizj.us/view/img/1816581/goldsmithofficebuildingbellevue*600.jpg

Goldsmith Land Investments is planning this 15-story office tower at 305 108th Ave. N.E. in downtown Bellevue. Goldsmith's project is one of several projects proposed for Bellevue.

Goldsmith joins about a half-dozen office proposals, which total around 2.9 million square feet (subscription required) of space. Goldsmith’s project adds 210,000 square feet to this total, said Goldsmith Land President John Dulcich, who would like to start construction in 18 months.

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Marc Stiles
http://www.bizjournals.com/seattle/b...er-office.html

[chris08876]

First glimpse of massive Rockefeller project in downtown Bellevue

The Rockefeller Group’s 20-story office tower in downtown Bellevue is scheduled to be completed in mid-2017, according to materials the company filed with the city.
The city’s land-use bulletin on Thursday included early information about the first phase of the massive project. Rockefeller plans to start by building a 300-foot-tall building with low-reflective glazing and metal panels at 10500 N.E. Eighth St. The project will have retail at the base.
In early 2013, Rockefeller and Bellevue-based Sterling Realty Organization said they had agreed to develop approximately 2.4 million square feet of commercial property on nearly five acres. It would be the largest single project in downtown’s history, a city official said.

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Marc Stiles
http://www.bizjournals.com/seattle/b...roject-in.html

[chris08876]

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 cost from $320 to $1,260. Half of the apartments will be for people earning up to 30 percent of the median income for the area – $26,000 for a family of four – and half will be for people making up to 60 percent of the median income, according to the Puget Sound Business Journal.

The building will include a community room, a computer lab, and a children’s play area, as well as 23 underground parking stalls.

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http://downtownbellevue.com/2014/01/...levue-project/

[chris08876]

Seattle Developer Buys Downtown Bellevue Property, Plans Office Tower

Schnitzer West purchased land in downtown Bellevue this week and plans to build a 16-story office tower on the site beginning next year, according to the Puget Sound Business Journal.

The Seattle-based development company bought the site at 415 106th Ave. NE, where a Bank of America branch is now located and across the street from Bellevue Towers, for $12 million.

Schnitzer West paid 28 percent less for the property than Aspen Growth Properties of San Diego paid for it in 2007, according to the report.

A Schnitzer West representative said Bank of America plans to open a branch in the 360,000-square-foot office tower in 2016.

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http://downtownbellevue.com/2013/12/...-office-tower/

[chris08876]

The Spring District

The Spring District

The city signed an agreement with real estate developer Wright Runstad, to develop new concepts. Wright Runstad turned to NBBJ to master plan a mixed use development, Spring District, on 36 acres. The plan includes up to 3 million square feet of office space, and will incorporate a future light rail station at its center. In addition, the site will incorporate sustainable strategies such as above grade storm water treatment, water storage and re-use, green roofs and an extensive pedestrian network to encourage transit use.

Sustainability

The Spring District sets out to be the catalyst for sustainable neighborhood development with animated, narrow, pedestrian friendly streets and a network of parks will connect all facets of the neighborhood. Other design elements include faceted curtain wall features to reflect and refract sunlight saving energy costs, rain gardens to infiltrate storm water runoff, stack ventilation, reduced AC/low mechanical system requirements, and highly energy efficient LED lighting to reduce electrical consumption.

Area
36 acres; 16 blocks
Services
Master planning, visioning
Sustainability
Tracking LEED ND

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http://www.nbbj.com/work/spring-district/

[chris08876]

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 for the residents will include a large rooftop and a lantern room.

Additional renderings have been released on their website for what the project will look like once complete. The project is slated to be complete in September 2015, and will start pre-leasing the apartments in June 2015.

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http://downtownbellevue.com/2014/01/...al-renderings/

[chris08876]

Kemper Development Company Announces $1.2 Billion, 2 Million Square Feet Expansion

According to a press release Kemper Development Company announced that they will go forward with their mixed-use expansion. The project is planned to begin in 2014 and will be completed by fall 2016.

As anticipated the addition will be in the form of retail, hotel, residential, dining, and entertainment. The project is planned to set back Kemper Development Company $1.2 Billion. The project will add 2 million square feet in total. 375,000 square feet will be dedicated to new retail, dining, and entertainment spaces. 700,000 square feet of the plans are dedicated to new Class-A office space. Also as previously announced the project will include a 250-room boutique hotel, and about 500 high-end residential units. The project will include 3,700 parking spaces in two 6-level underground parking garages. And yes, the parking garages will continue to be free.

There has not been any tenant announcements made yet for any of spaces. This release is likely a signal to potential tenants that the plans are official and construction will begin in 2014.

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http://downtownbellevue.com/2013/05/...eet-expansion/

[chris08876]

Bellevue is coming back from the recession. There are many projects that are transforming the city. Its a big change for the Seattle Area.

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Projects:

10328 Main Street



701 Bellevue Way NE



103rd Avenue Apartments



Alley 111



833 108th Avenue NE



Lincoln Square Expansion



Alamo Manhattan Main Street



Marriott Hotel



Park Metro / Evergreen Point Development



Pacific Regent Phase II



The Summit Building C



Bellevue Park II Apartments



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http://www.djc.com/special/Bellevue2013/

[chris08876]

Redevelopment project coming to Old Bellevue

The Gateway is proposed by the Vander Hoek Corporation to be a mixed-use project on the northwest corner of Bellevue Way and Main Street that will include 370 residential apartments and 22,000 net rentable square feet of retail space and another 5,000 net rentable square feet of restaurant space. The project also will provide parking for about 600 vehicles.

Businesses contained within the block of Main Street, Bellevue Way, Northeast First Street and 103rd Avenue Northeast initially learned they would have until Feb. 28 to vacate the properties, but received certified letters Wednesday, Feb. 19, extending their eviction to April 30.

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http://www.bellevuereporter.com/business/246970881.html
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Bellevue Center

10833 N.E. Eighth St.

• 24 stories

• 526,132 square feet of office

• 1,258 underground parking spaces

• 8,500 square feet of restaurant

• 2,500 square feet of retail

• Nearly 2 acres of landscaped plaza

Developer: Beacon Capital Partners

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http://www.djc.com/special/Bellevue2013/

[mhays]

Bellevue is already at near-boom level, referring to the central 500 acres or so. Probably 900 apartments are underway, along with the fairly sizeable Marriott posted above.

This spring and summer might take it back to definite boom level.

[chris08876]

^^^

Indeed. I was reading about the construction boom and I think its already past that level which is great . There's a lot of smaller projects UC or proposed all along the area. More in the pipeline but I wanted to focus on the ones with actual rendering.

Whats even more amazing though is what is going on in Miami or Southern Florida. They are churning out towers faster than NYC. All 12 stories or taller too. There's over 300 of them too and counting every other day that are either UC, proposed, or in Demo.

[mSeattle]

Nice list for Bellevue. I hope they do expand the naming of things so that they can give "Bellevue" a rest.

[chris08876]

Update:


This will be known as "Centre 425". This is the one being proposed by a Seattle Developer (See above posts).

Construction is anticipated to start by early 2015 and be occupied by late 2016. They just need design view approval. This one should be good to go as it has cleared most of the hurdles.
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http://www.bellevuereporter.com/business/252747131.html

[nergie]

Bellevue is amazing. I wish Evanston, just north of Chicago, would go through such a transformation.