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850,000-SF Mixed-Use Project on the Boards

BELLEVUE, WA-Su Development is getting ready for a market rebound with Ashwood Commons, initiating the design review process with hopes of being first to market with new product when the market rebounds.

By Janet Parker | Updated on July 12, 2001

BELLEVUE, WA-A subsidiary of Seattle-based Su Development is seeking the necessary approvals for 850,000-sf mixed-use complex on a 2.4-acre site in the Ashwood neighborhood, at the corner of 112th Avenue Northeast and Northeast 10th Street.

At first glance, the so-called Ashwood Commons may seem like an overly ambitious undertaking in a market struggling with two million-plus sf of office subleases and a number of high-end Downtown residential buildings suffering through an extra slow lease up. Others say this is the perfect time to plan a significant new project.

Ashwood Commons will center around two major buildings surrounding an inner automobile and public plaza/market. The southernmost structure, adjacent to the Quadrant East office building, will consist of a 207,890-sf nine-story office tower. The second is a 249,780-sf residential tower containing approximately 278 rental units.

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