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Transactions - SEPTEMBER 20, 2019

Fortress Development to develop $1b Bellevue office towers

by Released

Fortress Development has begun construction of the $1 billion-plus Avenue Bellevue project in Bellevue, Wash.

The project will consist of luxury residential, hotel and retail space. Located on the corner of NE Eighth Street and Bellevue Way, Avenue Bellevue’s West Tower will include 224 modern homes, known as The Residences at Avenue Bellevue, spread through the 25-floor building.

Amenities include a private fitness room equipped with state-of-the-art cardio and spin equipment, free weights and a yoga room; an exclusive residents' lounge designed for socializing and soaking in the vibrant energy of the plaza below; a private dog run; and valet service. Residents also will enjoy cutting-edge technology, including a special app that brings all services and ambiance together through their mobile devices.

The plaza at Avenue Bellevue has been designed to be the new center of Bellevue's energy and will feature high-end retail, food and nightlife, a fresh market and fine dining. Restaurants announced to date include Angler, the sea-life focused restaurant from the three Michelin-star chef Joshua Skenes; as well as BUDDHAzen, a new contemporary Asian themed bar and restaurant from the visionaries behind Buddakan, Tao, Asia de Cuba, and China Grill. The property also will boast the Pacific Northwest's first-ever luxury InterContinental Hotel, with 266 hotel rooms, event space, restaurants and bar, gym and spa, and a dedicated concierge team.

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