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February 29, 2024

John L. Scott building in Bellevue attracts new eyes

By BRIAN MILLER
Real Estate Editor

Photo via Wallace Properties [enlarge]
The sloping site is a few steps west of East Main Station.

Somebody is going to buy the John L. Scott Real Estate headquarters building in Bellevue, tear it down and then put up new apartments. The questions are who, and when, and how many units. Scott and partners, who own the tired, 45-year-old building at 11040 Main St., first floated a redevelopment plan in 2022. That was with Wallace Properties, apparently to test the market.

Then, last year, with architect Weber Thompson, Holland Partner Group submitted and then quickly withdrew a 362-unit plan.

And just this month, Weber Thompson filed a very similar eight-story, 351-unit plan. It's not yet in design review; the building hasn't sold; and the plan carries the moniker TCC Bellevue Main.

So, Trammel Crow Co. would fit the acronym.

The two-story building has about 33,063 square feet. Lee & Associates is offering about half that total on short terms, meaning three to five years.

The appeal to the 1.4-acre midblock site, of course, is its location: just steps uphill from East Main Station. That's where Sound Transit will be opening its Eastside starter line this spring, followed — we hope — by a connection to Seattle in 2025.

If the new 419,371-square-foot plan advances, it also includes 277 underground parking stalls.


 


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




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