Altogether, the report lists 37 proposed office projects, 22 of which are under 100,000 sf. Of those, 32 with 3.96 million sf are targeted throughout the Eastside suburban area. Five, totaling 3.337 million sf, are slated for the Bellevue CBD -- the largest being the 1-million-sf development of local Schnitzer Northwest LLC. Equity Office Properties is looking to build its 850,000-sf City Center Bellevue II. And, Wright Runstad and Spieker Properties both have 550,000-plus-sf projects on the boards.
The fifth proposed CBD development is the 350,000-sf Building C of The Summitt, a project of Bentall US, located at the intersection of 108th Ave. and NE 4th St. John Jackson, vice president of development for Bentall US, tells GlobeSt.com the building is still in the design review process.
"It was not (originally) intended to come one line for another two or three years -- we're looking at three years now," says Jackson.
At the moment, Bentall is focusing on the delivery of approximately 520,000 sf in buildings A and B, now under construction and scheduled for completion next fall.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
