Bellevue condos Feed

Bellevue’s Newest Condominium Community Launching Sales This Week

I recently attended the press event for the new Avenue Condominiums, which is Bellevue’s newest luxury condominium community.

Starting this week, buyers and their brokers are able to schedule private appointments to tour the sales center, see the full size model unit that has been built out as well as make selections on floorplans and choose a unit to purchase. Buyers will be pleased to know that this developer has decided against any lotteries or grand opening events requiring interested parties to stand in long lines in order to purchase a unit.  This sales process is by private appointment only, and is refreshing to see.

Construction will start in June this year and PCL, who is the General Contractor, said they estimate about 33-36 month total construction time.  

What’s unique or interesting about this condominium community?

  • The condo community will live above the only Intercontinental Hotel in the Pacific Northwest and will sit amongst an open plaza loaded with high end shops and retail, several bar and restaurant options, including a new restaurant by 3 Michelin Star chef and restaurateur Joshua Skenes, known for Saison and Angler in San Francisco.
  • The developer, Fortress Development, who is led by its Founder and CEO, Andy Lakha, who himself is a long time resident of the Bellevue area for the past 20 years and who still lives in Meydenbauer Bay. He and his family have long local ties and connections to Bellevue and the Pacific Northwest and he calls this a legacy project for him and his family. 
  • The house cars, for the residents and hotel guests, will be Rolls Royce vehicles. That alone gives an indication of the level of luxury that is intended for this development and its residents.

The initial phase of sales will start with the 98 Estate residences in the south tower that will be built above the Intercontinental.  The second phase will be the 230 residences that will be built in the west tower of the property.

Specific price points will be released at the private appointments but general pricing will be:

  • 1 bedrooms starting at $1 Million
  • 2 bedrooms starting at $2 Million
  • 3 bedrooms starting at $3.9 Million
  • Penthouses starting at prices north of there

Sizes very greatly between the different homes and within the two towers, but average sizes in the Estate homes in the south tower fall around 1,500 sq ft, while the homes in the west tower will average around 800 sq ft. 

I will be forwarding on information on prices and specific floor plans as I learn more, so be sure to let me know if you feel this is a community you might want to be a part of.

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


Update on Mira Flats in Bellevue

RoofMira Flats, a new construction condominium building in Bellevue, sold last Wednesday but the new owners plan to continue with the current plan of selling the units as condominiums. There is a second phase to this project as well, which, as of now, will also be built as condominiums for sale. The second phase design is not final but is currently planned as a 17 story building with 150 condominium units and should start construction by the end of this year, 2019.

BASICS

  • 6 stories
  • 162 units
  • Studio, one, two and three bedroom homes
  • Prices starting in the $400,000s
  • Each condo has parking
  • Most homes have decks or patios

PRICING - 2nd RELEASE

  • Open 1 bedrooms: 524-629 sf from $399,000 to $550,000
  • 1 bed / 1 bath: 541-753 sf from $499,000 to $675,000
  • 1 bed / bath + den: 752 sf from $670,000 to $710,000
  • 2 bed / 1 bath: 965 sf from $799,000 to $934,000
  • 2 bed / 2 bath: 959-1064 sf from $918,000 to $1.1M

FEATURES & FINISHES

  • Roller shades included
  • Full size in-unit washer/dryers
  • Stainless GE appliances
  • Quartz countertops
  • Full height glass tile backsplash
  • Tiled bathroom shower surrounds
  • Plank flooring
  • Two color schemes

AMENITIES

  • Rooftop deck with views, lounge seating, dining tables, BBQ and firepit
  • Party room with kitchen
  • Conference room
  • Terrace

LOCATION

  • 1085 103rd Ave NE, Bellevue
  • Downtown Bellevue - only two blocks from Bellevue Square's shops, restaurants and entertainment
  • Near future light rail station
  • Easy access to 405, I90 and 520

SALES

  • Sales Gallery open 7 days a week from 11am to 5pm
  • Model homes available to view
  • Move-in ready

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


Bosa Purchases More Land in Bellevue

New Bosa SiteBosa Development has purchased another lot in Bellevue located at 201 Bellevue Way NE. This is the 4th development site that they have purchased in the Downtown Bellevue area.

One88 condominiums is their project that is under construction currently in Bellevue. One88 has fewer than 12 units remaining to sell.

It seems that Bosa is focusing it's development on Bellevue and not Seattle although they do have one development site in Seattle, which is the Civic Square site, located between 3rd and 4th and Cherry and James.

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


Avenue Bellevue Mixed-Use Condo & Hotel Project Redesigned

Avenue Bellevue Mixed-Use Condo and Hotel Project in SeattleAt 10300 NE 8th St in Bellevue just north of Bellevue Square Mall, a two-tower condominium and hotel project will be built and will be called Avenue Bellevue.

The project will contain 251 luxury hotel rooms, a retail podium and 330 condominium residences. One tower will contain a mix of hotel rooms and residences and the second tower will have all condominiums.

Rendering by Weber Thompson

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


Bosa Plans Second Condo Building in Bellevue

Bosa Plans Second Condo Building in Bellevue, SeattleAccording 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.