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Archive for July 3, 2007

Kemper Freeman to Spend A Billion Dollars on New Project, Renovation on Bellevue Square

According to an article at the Seattle PI, Kemper Freeman Jr. of Kemper Development,  is planning to spend over a billion dollars to embark on an estimated $1 billion, five-year renovation that will overhaul Bellevue Square, add 351 rooms to the nearby Hyatt Regency hotel and install upscale fashion boutiques.

When the dust settles, Freeman said another 2.5 million square feet will have been developed, and the crown jewel will be “The Bellevue,” home to luxury shops, a five-star hotel and fine dining.  The Bellevue will be built on Bellevue Way at the current Safeway/Bartell Drugs site.  That will certainly add to Kemper’s “collection”

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