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Schnitzer Details $400M Vision for Meydenbauer Block

BELLEVUE, WA-One year after eschewing a public-private partnership for a major hotel on its half of the Meydenbauer Convention Center block here, Schnitzer Northwest appears ready to move forward next year on its alternate plan, an 875,000-sf, two-tower office and retail development.

By Brian K. Miller | Updated on October 17, 2005

BELLEVUE, WA-One year after changing tracks on its half of the Meydenbauer Convention Center superblock–from a public-private hotel development to an office and retail project–Schnitzer Northwest on Monday detailed its $400-million vision to the brokerage community. The 875,000-sf project will include two office buildings totaling 745,000 sf–one with 248,000 sf on 13 floors and the other 497,000-sf on 23 floors–separated by a 130,000-sf retail building with upscale restaurants and retailers. The tentative plan is to break ground in mid-2006 and hold a grand opening in late 2008.

The buildings are designed around an open-air plaza and grand arrival court, and above a 1,860-space subterranean garage. Each of the office buildings will have a great room with fireplace and concierge service. Other project amenities include 14 meeting rooms and training facilities that can accommodate 300; a board room with the latest communications technology, a business center; a library; and a fitness facility. The Bravern is the name of the development.

The Meydenbauer Convention Center block is located at Northeast 8th Street and 112th Avenue Northeast, one block west of Interstate 405. The north half of the block is occupied by Meydenbauer Convention Center. Prior to last fall, Schnitzer had been negotiating a public-private partnership with the City of Bellevue. Last October, Schnitzer managing director Dan Ivanoff told GlobeSt.com that with the office market back in play, it was time to focus on that rather than continue to negotiate a public-private partnership for a major convention center headquarters hotel on the site.

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