The Seattle Condo Blog

Bellevue Towers, the Eastside’s most hyped (and likely to be one of the region’s few condo successes) is hosting an open house of three newly completed model homes. The model homes, which range in size from 800 sf to over 1,600 sf, showcase three distinct interior designs with budgets from $20,000 up to $100,000.

When: Sunday, September 14th from 12:30 pm to 4:30pm

Where: Start in the lobby of the Key Bank Building, 10655 NE 4th Street

Since Bellevue Towers is still under construction, the following event safety rules apply:

• Close-toed, flat shoes are required to enter the construction site (i.e. no high heels or sandals will be permitted).
• Please meet in the lobby of the Key Bank building to sign your release waiver prior to entering the construction site.
• Children under 18 are not permitted on the construction site.

www.BellevueTowers.com

Following Olive 8’s lead Bellevue Towers is now offering a price protection guarantee to new buyers. This program guarantees that the price of a home purchased now will be appropriately adjusted at closing if similar homes are subsequently sold for less than the current list price.

In addition, Bellevue Towers is offering a limited-time rate lock promotion. For homes purchased in March and April they’ll lock interest rates for free. Alternatively, buyers can apply the rate lock cost (approximately 1% of the purchase price) to buy down rates or apply it to closing costs.

Bellevue Towers report they just poured the 38th floor and expect to top off the project in another two months.

Illustration of Bellevue Towers’ roof top Urban Garden designed by Walker-Macy.

Land Use Updates

The Liberty Jewelry parcel by 2nd Avenue & Pike Street appears to be a commercial development per the latest land use bulletin. Initially, it was proposed as a mixed-use development.

An early design review meeting has been set for the 9th & Pine project (former site of Pande Cameron). The proposal calls for 300 residential units. The meeting is scheduled for 7:00 PM on Tuesday, May 22nd at City Hall.

Bellevue Towers Update

The Bellevue Towers Design Studio is now officially open. The design studio features three full vignettes - two kitchens, contemporary and traditional, a master bath as well as design boards and an array of finish samples.

The studio is located on the 9th floor of the Key Bank building just south of the development at the corner of 106th Ave NE & NE 4th St. It’s open Tuesday - Friday from 11 AM to 6 PM and Saturday - Sunday from Noon to 5 PM.

Update (9/07): Sales for South Tower homes have begun for early registrants. The public release is scheduled for September 21st.

Bellevue Towers is another condominium project that is re-shaping the heart of downtown Bellevue. But, unlike the other projects, Bellevue Towers may well become one of Bellevue’s iconic buildings. At 42 & 43-stories, the sleek glass-enclosed towers will be among the tallest residential buildings in the greater Seattle area, not just Bellevue.

Situated at the corner of NE 4th Street and 106th Ave NE (map), the complex is located just two-blocks to Bellevue Square and the downtown park, and within short walking distance to the many office buildings.

One thing Bellevue Towers seem to do well is blend nature with modern, urban living. The complex incorporates a large eco-landscaped urban garden area that includes a lawn, a walking path, outdoor fireplace, a BBQ area, a patio area with tables and a dog run. Bellevue Towers is aiming for LEED-Gold certification which is the only condominium project I’m aware of doing so.

On the inside, the 5th floor amenities area includes a large great-room, dining room with kitchen, screening rooms, spa facilities and a fitness center with locker rooms. Though, it doesn’t appear the fitness area is very large or as well equipped compared to other upscale properties.

When complete, the towers will encompass 535 studio, one-bedroom, one+den, two-bedroom, two+den and penthouse homes. Homes in the 42-story north tower are currently available for reservations and are about 75% filled. South tower homes are expected to be released this Fall. Homes are priced from the $500,000’s for studios to over $2 million, averaging well over $600/sq ft. Homes priced over $1.2 million come with two parking spaces and homeowner dues are expected to be $.50/sq ft. Occupancy is anticipated for 2009.

The Bellevue Towers sales center is located in the low-rise office building directly south of the project; the presentation area and model unit are currently under construction. The project is being developed by Gerding Edlen and designed by MulvannyG2 and GBD Architects.