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.

wreSeahawks_HZ2

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.

What to Do in Bellevue this Weekend

The Memorial Day holiday weekend marks the beginning of summer and outdoor activities. After the brutal winter and spring weather, any opportunity for outdoor activity will be welcome. While many people have holiday plans to visit ocean or mountain destinations, don’t forget there’s a lot to do in town. If you’re looking for some local activities here’s a partial list of what’s available in Bellevue.

  • With nearly 100 parks and recreation facilities, Bellevue offers plenty of green space. The city maintains 96 miles of trails and six beachfront parks.
  • Bellevue Aquatic Center has a lap pool, warm water pool and party room
  • Robinswood Tennis center offers programs and lessons for all ages
  • Crossroads water spray playground is a favorite destination for the younger set
  • Explore the lake  –  the SE 40th Street boat launch provides boat access to Lake Washington
  • Tune up your golf game  –  the Crossroads 9 hole/par 3 chip and putt course is great for beginners and the Bellevue Golf Course offers a more challenging       18 hole/par 7 course plus a 46 stall driving range
  • Visit the Mercer Slough – take a guided nature walk or canoe tour
  • Bellevue Botanical Gardens has 17 acres of display gardens, natural wetlands and woodland trails
  • Bellevue Arts Museum – visiting and permanent exhibits cover a wide range of arts and crafts and design elements
  • Shop til you drop at Bellevue Square, Lincoln Square, Old Main Street or The Bravern. You’ll find world class shopping, dozens and dozens of fine and casual dining options offering indoor and patio opportunities for lunch, dinner sweets, snacks and libations, cinemas, comedy and bowling.

There’s no need to leave town to find something fun and interesting to do during the next 3 days – just make it a safe holiday weekend.

Amazon Expanding to Bellevue

centre-425

Centre 425 (NBBJ) rendering by Neoscape

After a 20 year absence, Amazon is returning to its Eastside roots as it prepares to occupy the recently completed Centre 425 office building in downtown Bellevue. Amazon employees are scheduled to move into the 354,000 SF space this summer. The initial plan is to move about 1,000 people into the new office with the potential for growth in the future.

Amazon currently employs 40,000 people in Washington State with many working in several buildings in Seattle’s South Lake Union and Denny Triangle neighborhoods. As the company continues to grow, it is anticipated the move to Centre 425 won’t be the last Eastside location for Amazon.

Centre 425, located at the corner of NE 4th Street and 106th Avenue NE, will once again be home to a Bank of America branch. B of A originally occupied the street level retail space in the former building and moved to temporary quarters during construction.

Bellevue’s Lake to Lake Bike Ride

bike

flickr/Conal Gallagher

Saturday, June 3rd is the fifth annual Lake to Lake Bike Ride. Two routes are available – both start and finish at the Lake Hills Community Park. The mostly flat 9 mile Greenbelt Loop takes riders through Bellevue’s award winning park system. A more challenging ride, the Lake Loop, follows a 22 mile route. Both routes are approximately 80% on-road and 20% off-road gravel surfaces.

Event pre-registration ($15) is available or $20 the day of the event. Participants receive a custom t-shirt. Registration opens at 8:00 AM and first riders depart at 9:00 AM. To register visit http://parksreg.bellevuewa.gov/ (activity code #117822) or call call 425-452-6885. For more information, or to volunteer for the event, visit the event website at http://bellevuewa.gov/lake-to-lake-bike-ride.htm, call 425-452-4882 or email bikeride@bellevuewa.gov. The event benefits Bellevue Youth Camp Scholarship Fund.

Rain or shine . . . this is a great opportunity to for kids of any age to enjoy a non-competitive recreational ride to explore the city’s award winning park system and lake views. Te event is recommended for ages 9 and up. Riders under age 9 must be in a      tag-a-long or trailer.