Bellevue condos Feed

Bosa Plans Second Condo Building in Bellevue

New Condo Tower - BosaAccording to the PSBJ, Bosa Development, the developer of Insignia in Seattle and One88 in Bellevue, is planning on building another condominium tower in Bellevue. It will be across the street from where One88 is currently under construction at 205 105th Ave NE, where Sushi Maru is currently located. The new tower, like One88, is also planned as a 21 story tower.

Also mentioned in the article is the possibility that more planned apartment buildings will instead be built as condos. This is interesting insight and with Spire in Seattle being switched from apartments to condominiums, we might indeed start seeing more of these switches of use coming down the pike.


Elev8 Project in Bellevue Has Been Sold

MZA Rendering3According to a recent PSBJ article, "Stanford Hotels has acquired a controlling interest in the four-skyscraper Elev8 project, paying Plus Investment Inc. $128 million for the 4.6-acre property". The site is located at NE 8th St between 108th and 110th.

Plus Investment's original plan was to build two 40-story towers in the first phase, one would be 351 luxury condominiums for sale and one would be 448 apartments for rent with retail at the base of both. Then in a second phase, a 3rd residential tower and an office building would round out Bellevue's largest high-rise development.

Since the original plan, the city has rezoned this area and now towers can rise up to 600 feet tall. Stanford has confirmed that the project will now have office space, residential and hospitality (hotel) uses and that they will consider the new zoning when redesigning the project.

As of now, pre-sales are anticipated to start in fall of 2019.

By Marco Kronen with Seattle Condo Review: A guide to Seattle downtown condos.