Thinking about Buying a Condo in Downtown Bellevue?

As anyone familiar with Bellevue knows, there are a number of huge high-rise condo projects being built, with well over a thousand new units scheduled to come on the market over the next couple of years alone. Here are some of the projects currently under construction:

Bellevue Towers

Bellevue Towers will be comprised of two amazing 42- and 43-story glass-enclosed towers consisting of 535 units with retail. Bellevue Towers will provide residents with a eco-landscaped garden and lawn, fitness club & spa, a grand room for entertaining and media rooms. Bellevue Tower is aiming for LEED Gold certification. Homes are priced from the $500,000s to over $2 million.

One Main Street

The mid-rise One Main Street will feature 62 one-, two- and three-bedroom residences that’ll range in price from the $400,000s to more than $1 million. The project will also include retail on the street level and is located within blocks to the Downtown Park and Meydenbauer Park.

The Residences at Bravern

The Residences at Bravern is part of the Bravern complex and will feature 450 luxury condominium homes in two 35-story residential towers. Homes will feature floor-to-ceiling windows, entertainment sized terraces, premium interior finishes, pool with private cabanas, fitness center & spa, and much more. The Bravern complex, developed by Schnitzer Northwest, will include office towers (Microsoft) and retail stores including Neiman Marcus and Jimmy Choo. Homes are priced from the $500,000s to over $4 million.

Washington Square

Washington Square is a beautifully designed two-tower complex in downtown Bellevue. The first tower is expected to be completed this year and the second in late 2008. Developed by Wasatch, Washington Square features 400 condominium homes and retail. The Platinum tower homes, available for pre-sale currently, features concealed flat panel televisions, state-of-the-art audio and media system, Viking appliances, motorized roller shades, floor-to-ceiling windows and much more. Condominium homes begin in the $600,000s and townhomes from $1.2 million and above.

When complete, Washington Square will be home to five residential condominium towers, a hotel and office tower. It’s sure to become a distinctive address.

A couple of the proposed projects that we might look for further down the road include:

European Tower

Located close to the Braven, European Tower is a bit unique. The tower features only 16 condominium homes…one per floor, providing every home with 360 degree views. Each home includes 2 bedrooms, 2.5 baths, a library, 11 foot ceilings and upscale designer finishes. Additionally, the building features an automated valet parking system and concierge staff. Homes start at $2 million +. This project has been working very hard to generate local interest with its special differences and it is currently unknown if and when they will break ground.

Vida Condominium

Proposed by Colorado developer Tonsing Properties, the Vida Condominium will offer 238 homes within its 12-story structure. Prices are expected to range from $300,000 to over $800,000, though most of the homes will be available between $350,000 and $450,000. One way the developer is able to offer homes at these price points is by reducing the size of the units which will likely range from 400 to 850 square feet.

As you can see, there will be lots of choices to be added to our already increasing inventory of residential properties. If the market continues “adjusting”, this just may translate into some real deals compared to today’s prices - both in the condo market and the single family arena.

If you have any questions or need any help with housing, please call AAA Properties at 425-455-5478.

This entry was posted on November 19, 2007 at 10:43 am and is filed under Residential, Condos, Bellevue. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.