Eastside's 'new kind of neighborhood' breaks groundOctober 14, 2013 @ 8:54 am (Updated: 10:01 am - 10/14/13 )
Six years after being announced, a project that will transform a Bellevue warehouse/grocery distribution district into what developers call "a new kind of neighborhood" has broken ground, according to Northwest Reporter.
Called The Spring District, the 36-acre transit-oriented neighborhood in the Bell-Red corridor linking high-rise downtown Bellevue with high-tech Overlake, will encompass "urban style housing," plus offices, retailers, restaurants, parks, and a hotel, all built with a "focus on sustainability" and mobility choices, which will include nearby light rail.
Greg Johnson, president of Wright Runstad & Company, outlined the plans and timetable for the $2.3 billion project during a meeting of the Bellevue Chamber of Commerce. His Seattle-based company is partnering with San Francisco-based Shorenstein Realty Investors Eight on the joint venture.
Groundbreaking and demolition of a long-vacant warehouse started in mid-September, with initial occupancy in Phase One targeted for 2015, according to Northwest Reporter. A neighborhood marketing center is scheduled to open in 2014. The master plan anticipates a 15-year timeline for completion, with nearly 5.3 million square feet of buildings spread over 16 city blocks.
Demonstrations continued Tuesday afternoon in Seattle
What Are They Building?
Work is finally underway on Seattle's newest skyscraper
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