Prime Downtown Bellevue Development Opportunity Hits the Market

A prime parcel in Bellevue's Central Business District has just hit the market. Located at the SE corner of Bellevue Way NE and NE 2nd Street, the two contiguous parcels, owned by the Bates family for nearly 75 years, is being marketed by Colliers International. The asking price for the 50,500 SF parcel is $24,850,000. This is a rare opportunity sure to generate quite a bit of interest. The highly desirable location is steps from Kemper Development's expanding Bellevue C ollection, the Downtown Park, Old Main Street's popular shopping and dining district and downtown Bellevue's planned waterfront park. Zoning could permit residential/hotel towers up to 200 feet or office building up to 100 feet. A prime parcel in Bellevue's Central Business District has just hit the market. Located at the SE corner of Bellevue Way NE and NE 2nd Street, the two contiguous parcels, owned by the Bates family for nearly 75 years, is being marketed by Colliers International. The asking price for the 50,500 SF parcel is $24,850,000. This is a rare opportunity sure to generate quite a bit of interest. The highly desirable location is steps from Kemper Development's expanding Bellevue C ollection, the Downtown Park, Old Main Street's popular shopping and dining district and downtown Bellevue's planned waterfront park. Zoning could permit residential/hotel towers up to 200 feet or office building up to 100 feet.