Home AEC Wallace Properties Submits Revised Plans for 466-Unit Project in Downtown Bellevue

Wallace Properties Submits Revised Plans for 466-Unit Project in Downtown Bellevue

Wallace Properties, Bellevue, GGLO, Puget Sound , Bellevue Square, Bellevue Arts Museum, Bellevue Downtown Park, Seattle

By The Registry Staff

Progress towards the realization of a high-rise mixed-use complex in downtown Bellevue has taken a significant stride forward. Wallace Properties in collaboration with architect GGLO recently submitted revised plans for the construction of a 466-unit project located at 1000 and 1100 NE Bellevue Way, according to a report from the Puget Sound Business Journal. Wallace owns the property and is the project developer.

The development blueprint entails a 28-story tower housing 308 workforce housing units, accompanied by a seven-story building housing 158 units. The latter structure will feature four stories of below-grade parking and incorporate affordable housing units. The plans are currently undergoing design review.

Kevin Wallace, president of Wallace Properties, told the Puget Sound Business Journal that the company is considering the addition of affordable housing to the tower as well and exploring the feasibility of such an expansion.

Additionally, the plans include approximately 20,000 square feet of retail space. This new complex will replace Wallace’s Bellevue North shopping center, which will be demolished. The current site houses various businesses.

Construction is scheduled to commence in 2025.

The original proposal featured 950 apartment units and 68,000 square feet of retail space, according to The Registry’s previous reporting. That version of the plan was still a 28-story development, classified as “major mixed-use residential,” and also included 1,241 parking stalls across 183,000 square feet.

Wallace told the PSBJ that the reduction in scope was due to an interpretation of land-use regulations for the eastern portion of the property, which rendered it unviable for development. However, a new ordinance was recently passed that addresses that particular issue, potentially allowing the firm to move forward on future development in phase 2 of the project.

Bellevue North, located at 1000 Bellevue Way NE, is just north of both the city’s downtown core and various popular shopping and commercial offerings, including Bellevue Square, Bellevue Arts Museum and Bellevue Downtown Park. The proposed development is less than one mile from Interstate 405, which connects Bellevue to Seattle via State Route 520.