Kemper’s Lincoln Square Development Moves Forward With Building Permits
- Aug 27, 2012
Bellevue’s Lincoln Square expansion project is set to recapture the attention of local developers and officials as the company heading the project recently applied for building permits. Kemper Development Company already has a visible presence in downtown Bellevue through its Bellevue Collection comprising Bellevue Square and Bellevue Place, as well as the existing part of the Lincoln Square development.
When completed, the $850 million mixed-use project would include structures such as a 120-room hotel, a residential tower with 200 units, and commercial space totaling 937,000 square feet. The development located at 410 Bellevue Way N.E. sits at the intersection of Northeast Fourth Street and Bellevue Way Northeast, near the city’s Arts Museum. One of the construction projects the recently filed permit focuses on is an underground parking facility that will be built below this massive mixed-use project. The seven-level parking structure should ensure the necessary space to accommodate all of the shoppers and residents at the Lincoln Square development.
Office development is picking up in this market. Bellevue will see another office building at 320 108th Street, courtesy of developer Bentall Kennedy. The Summit office building will offer up to 330,000 square feet of space, and construction will begin as soon as the developer secures an anchor tenant. Also under different stages of development are Beacon Capital’s 32-story, 680,000-square-foot building at 10833 N.E. 8th Street and Wright Runstad & Co.’s two office towers in the Wilburton neighborhood that will feature 476,000 square feet of space.
Image courtesy of city-data.com