Downtown Bellevue is transforming into a dense residential neighborhood reminiscent of a mini-Seattle across the lake, with new apartment towers packing more residents into an area that was once just a place where visitors worked and shopped.
Projects to Watch
99 102nd Avenue NE
- 136 Residential Units
- 3 Levels of Parking
- 28,500-square-foot site
320 106th Avenue NE
- 120 Hotel Rooms
- 270 Residential Units
- 329 Parking Stalls
120 Bellevue Way NE
- 143 Residential Unit
- 292 Parking Units
- Complete in 2019
- 4 towers
- 350 Residential Units
- 423 Apartment Residences
ONE 88 http://one88bybosa.com/#one
- BOSA Development - Vancouver, B.C based
- First condo project in Bellevue since the housing crash last decade.
- “Local developers have been choosing to build apartments over condos for financial and legal reasons.” - Seattle Times
Downtown Seattle continues to experience unprecedented growth, setting records across various sectors. Office, retail, hotel, and residential development are booming throughout the city’s Urban Core, including Belltown, the Central District, the International District, Pike Place Market, Pioneer Square, Queen Anne, and the Waterfront. Built upon rich history, iconic architecture, and cultural diversity, the area offers great dining, live entertainment, boutique shopping, art galleries, luxurious living, and a host of tourist activities.
In 2016, downtown set records for construction activity across a number of sectors: residential, office and hotel development. Residential development, in particular, is very strong. Of the 27 buildings completed downtown in 2016, 16 were residential.
From year 2016 to 2020, downtown undergoes 142 different residential projects. 15 were completed in 2016 while 35 are currently under construction. Of the 47 residential buildings under way, with more in the pipeline, they will deliver about 6,000 units in 2017.
Current development still favors construction of apartment units. In 2016, about 2,000 apartment units were completed compared to about 160 condominium units. For those that are currently under construction, there are about 9,000 apartment units compared to 120 condo units, a multiple of 75 times!
Like many Eastside cities, Kirkland is growing fast and showing no signs of slowing. Currently the sixth-largest city in King County, Kirkland has exploded from 48,499 people in 2009 to 87,281 in 2015. And City Manager Kurt Triplett said it’s possibly looking at an additional 10,000 to 15,000 new residents by 2025.
Kirkland has two major projects in the pipeline that will help support this growth: The Village at Totem Lake, a mixed-use urban center with housing, retail shopping, restaurants, and more, and Kirkland Urban, which will feature office, residential, retail, and multifamily space, as well as open plazas.
- Brand new condos Under Construction are scarce. Currently, the one completed project is Cedarwood Condos in Moss Bay that provides a mere 16 units. A bigger apartment project under construction is the Parklane Apartment, which is a mixed-use project that will provide 128 residential units.
- The biggest upcoming apartment project is Kirkland Urban, previously Kirkland Parkplace, expected to open Spring 2019. Need more info? http://www.kirklandurban.com/about