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March 14, 2023

Bosa Development pivots to 142-unit Bellevue condo tower

Real Estate Editor

Rendering by Amanat Architect [enlarge]
There’s no announced start date for the project, which would displace a half-dozen small shops.

Bosa Development abruptly stopped working last summer on its full-block condominium project in downtown Seattle. That high-rise plan remains a partially excavated pit. Now, over in Bellevue, there are new signs of life for its comparatively smaller 21-story, 142-unit condo project at 201 Bellevue Way N.E. That's immediately east of Bellevue Downtown Park.

Bosa and Amanat Architect recently filed plans to clear the old Park Row retail complex and begin digging the three-story pit for underground parking. Bosa acquired the corner, at Northeast Second Street, in early 2019 — just before the pandemic. The project has been mostly quiet until the past few months.

There's no sign yet of any condo marketing effort; and the project isn't listed on Bosa's website. However, Bosa did recently sign a crane-swing and excavation agreement with Alvin Goldfarb Jeweler, its neighbor to the north.

City records indicate that at least one Park Row retail tenant is planning a move. The line-retail property is now home to a half-dozen small businesses, all likely on short-term leases. Those include Lawrence the Florist and Omega Photo. (The latter two recently moved to make way for a nearby apartment project from Vulcan Real Estate.)

The city of Bellevue hasn't yet issued final permits for Bosa's Park Row project, which would be its second in Bellevue, following the completed nearby One88. In recent years, Bosa sold the neighboring and still unbuilt Zeyda condo project to local investors; and acquired a nearby large corner development site on Main Street. (No new plans have emerged there.)

The Park Row plan also includes about 11,000 square feet of retail, restaurant and commercial space. Three levels of underground garage would have about 277 stalls.

Bosa typically builds its own projects. Its Park Row team also includes PFS Studio, landscape architect; Glotman Simpson, structural engineer; Rushing, MEP and energy modeling; Hart Crowser, geotechnical; KPFF Consulting Engineers, civil; Bush, Roed & Hitchings, surveyor; and Coffman Engineers, code consultant.


Brian Miller can be reached by email at brian.miller@djc.com or by phone at (206) 219-6517.

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