Lend Lease Liking Lincoln Square's Early Performance

BELLEVUE, WA-While developers of the $360-million Lincoln Square project voice concern over the state of the office market in the region, with construction financing now in hand they are bullish about the possibilities for the project’s three other components. The two-tower complex is under construction on 4.5 acres opposite Bellevue Square, one of the most successful regional shopping malls in the nation.

Andrew Friedman, a principal with developer Lend Lease Real Estate Investments and head of the company’s western region, tells GlobeSt.com approximately two-thirds of the complex’s 148 condominium units have been reserved and national companies have expressed interest in its retail space.

“Checks have been written and received on the condominiums,” says Friedman, “We have negotiations going on right now with several potential retail clients, (but) I can’t disclose who they are at this time.” As for the hotel component, Freeman believes the Westin “is going to be very well received. The Bellevue area has never really had a four-star hotel like this.”