Another New Restaurant Downtown

Yet another new restaurant, Henry’s Tavern, is scheduled to open August 30th at Lincoln Square. Henry’s Tavern is best known for its wide selection of beers on tap, its frosted bar rail to keep beers cold and a vast menu. This will be the sixth Henry’s Tavern for Restaurants Unlimited, Inc.

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Henry’s opened in Portland in 2004 and expanded to Seattle in 2013 with a Sodo location. This is the second Bellevue location for Restaurants Unlimited, Inc.  –  the other is Palomino. The restaurant will be 11,000+ square feet with a 700 square foot patio and a keg wall – a two tiered glass cooler that has all kegs on display.

It’s Arts Fair Weekend

Its arts and crafts fair time in downtown Bellevue. This weekend celebrates the 71st annual BAM ARTSfair, the largest arts event in the Northwest. This much anticipated event, with outdoor exhibits and events throughout Bellevue Square and the art museum, includes art exhibits, music, KIDSfair, a Sound and Movement Stage, BAMboozle Stage, Chalk It Up, food trucks and more.

I love this time of year (second only to Snowflake Lane). Starting Thursday afternoon exhibitors will que up for check-in and start setting up their booths, the main level of Bellevue Square’s west parking garage will close to traffic and hotels and restaurants will be filled with artists, exhibitors and visitors. The fair literally takes over downtown for three days and no doubt moving around, either as a pedestrian or driver, will be challenging, and local restaurants and bars will be crowded  –  but its only for 3 days. This is the largest and most well regarded juried arts event in the Northwest and yes, it will be a bit of a hassle, but it’s an honor to have an event of this caliber in our city.

Don’t miss the the other arts events this weekend  –  Bellevue is also hosting the Bellevue Festival of the Arts, located across the street from Bellevue Square at the Cost Plus World Market shopping area and the 6th Street Fair with exhibits along the Pedestrian Corridor and 106th Avenue NE.

Bellevue’s Free Summer Concert Series

live@lunch-690x190-r2-(1) Downtown Bellevue’s free summer concert series kicked off last week with events planned for every Tuesday, Wednesday and Thursday, noon – 1:30 through September 14th.

This week don’t miss . . .

Tuesday          The W Lovers (alternative country)            City Center Plaza
Wednesday     Blake Noble (percussive guitar and            Bellevue Library
Australian Didgeridoo)
Thursday        Acapulco Gold (funk/soul)                             Bellevue Connection

Pick up lunch, bring a friend and enjoy this summer’s concert schedule.

Downtown Park Celebration

Downtown Park fountain 6-2015Today is the grand opening celebration for Bellevue’s Downtown Park. Closed for the past year to complete a major renovation, the park will open just in time for the July 4th celebration and fireworks.

For nearly 30 years the popular park has existed with an incomplete circular promenade and canal. During the last year work has been completed to create a grand entryway, water feature and terraced seating at the south end of the park, enhanced lighting and landscaping throughout the park and a new Inspiration Playground designed for children of all ages and abilities which was made possible through a partnership with the Rotary Club of Bellevue.

Events include a ribbon-cutting with city officials, live music, including the Seahawks Blue Thunder band, food trucks and more. Free parking is available at Bellevue High School with shuttle service to and from the park.

Its going to be a beautiful afternoon. Get out and enjoy the park.

Bellevue Lake to Lake

 

Take a look  –  here’s the June edition of the City of Bellevue’s Lake-to-Lake video. There’s a great overview and update about the Meydenbauer Bay Park construction, Bellevue’s gold courses and more.

The Meydenbauer Bay Park, scheduled for completion fall 2018, is going to be a fabulous addition to the city’s access to the lake and the connection it will create to the Downtown Park and beyond.

Where are Bellevue Condo Values Headed?

downtown-park-fountain-2-compressed2016 was a challenging, fast paced residential real estate market with multiple offers and sales over list prices the norm. So far 2017 is set to match or out pace last year, crushing any concerns about another real estate bubble. Downtown Bellevue continues to be a high demand destination for people working on either side of the lake. With Amazon, Microsoft, Google, Facebook and numerous other companies continuing to expand and hire, its unlikely the local demand for housing will decline. Last year when Expedia announced it would be moving its offices from Bellevue to Seattle there was concern downtown Bellevue might have an excess of available office space  –  that lasted just a few minutes. Amazon has leased the entire Centre 425 office tower, Salesforce and other companies occupy most of the 929 Tower, and there isn’t much space left at the Lincoln Square 2 office tower. Its likely the Expedia space will be leased before its even vacated.

New residential rental units have been built downtown but there’s been little in the way of new condo construction. A few condo and townhouse communities are under construction and in design review, but most are less than 20 units. One88, developed by Bosa Development, is the only condo community scheduled to start construction downtown in the next 60 days. As seen in Seattle, expect buyers to line up around the block when the 140 units are offered for sale. (one88bybosa.com)

What does the city’s robust economy and high demand for housing mean for existing condos in the 98004 zip code? Multiple offers will continue and buyers will stretch their budgets to secure an urban residence. Last year the median condo sales price in the 98004 zip code was $580,072. So far this year the median sales price is just over $700,000 – a 21% increase. Until inventory, resale or new construction, can satisfy demand, expect condo values to continue to increase in double digit numbers.

 

 

 

 

 

black townhouse & skyline logo            ROBIN MYERS
CONDO MARKET SPECIALIST

As an industry expert I keep track of the Eastside’s condo inventory, market trends and new projects under construction or in design review. Contact me if you need information about buying or selling or just want to know what projects are on the horizon.

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New City of Bellevue Website

City of BEllevue logoI visit the City of Bellevue website frequently. Its a great resource for finding out what’s going on in the city. The City recently launched its new website (https://bellevuewa.gov/). Its more interactive, easier to navigate and mobile friendly. The new site makes it easy to search for just about anything you need to know about Bellevue:

  • demographic information
  • events and news releases
  • parks & recreation
  • traffic
  • jobs
  • doing business in Bellevue
  • public safety
  • resident resources
  • city government  – City Council meeting schedules, agendas and information
  • emergency/extreme weather information
  • MyBellevue customer service app for reporting issues and requesting service/repairs

    The website is translated into the five top languages spoken in Bellevue and there’s real time information about emergency and severe weather issues. Take a look at the new site. A few bugs are still being worked out  –  the City would love to have your input.