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March 17, 2022

C&W secures JV partner for Bel-Red apartments

As the DJC reported earlier this month, Legacy Partners recently purchased the Bel-Red site for a 288-unit apartment project with the provisional name of Bellevue Station. For that over $18 million land buy at Bel-Red/130th Station, which opens next year, Cushman & Wakefield announced last week that it had secured joint venture partner New York Life Real Estate Investors to finance the project, in lieu of a construction loan. That had also been previously reported. C&W's Dave Karson and Chris Moyer led the effort. Said Karson, “Bellevue Station is positioned in the center of an astounding amount of office development and job growth. The Eastside has become a focus for the region's largest tech tenants. Legacy hopes to begin the project, designed by Encore Architects, this summer. Compass is the general contractor. Completion is expected in 2025.




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