Lend Lease Halts 1.4-MSF Development

BELLEVUE, WA-A 1.4-million-sf development underway in Downtown Bellevue will stop for several months while the developer considers altering the timing of the components and their makeup in response to changed market conditions.

“We need to realign the timing and components of the project to meet changing market demand, which today favors constructing the residential and hotel tower ahead of the office building,” says Richard Leider, Lincoln Square’s project director. “Our reevaluation period should allow us to deliver Lincoln Square’s components in a staged approach, which city building permit and the current monolithic design – building all components simultaneously – do not allow.”

The original project, slated for completion in the fall of 2003, was to contain a four-star, 303-room Westin Hotel, a 530,000-sf, 27-story class A high rise office building, five levels of underground parking, 148 luxury residential units in a 41-story tower and approximately 330,000 sf of retail, restaurant, entertainment and health club facilities.