Work on development Springs into step
October 30, 2013 by Mark
Work has started on the $2.3 billion development located in Bellevue, Washington, which has been described as “the nation’s largest transit-oriented development”.
The project is known as the Spring District, modeled on portland’s Pearl District. It will cover 36-acres, with office space covering 5.3 million square feet. The office space will be located in six buildings, all varying in height up to 12 stories. The development will include retail and hotel space, along with 1,000 new homes.
The project will be connected to Bellevue, Seattle, and the headquarters of Microsoft in Redmond by light rail. According to developers, the project will be loosely based on Pearl District, featuring narrow, walker-friendly streets and parks, aimed at technical companies and their employees.
The Spring District development is situated on the former site of the Safeway distribution center. It was secured by Wright Runstad and Shorenstein in 2007 for $68m. Promotional material for the project states that it will be designed to be linked to:
“…an emerging transit and technology corridor in the heart of Puget Sound’s high tech Eastside submarket.”
Although the site was formerly connected to warehouses, the project will target residents and businesses to settle in the area. The initial phase of three will include a residential space and a park, along with office buildings. Right now, marketing materials will no doubt be required to outline property available and to promote the development, possibly utilizing the catalog printing services of a local print company.