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June 25, 2024

Capstone pivots to 27-story apartment tower in downtown Bellevue

By BRIAN MILLER
Real Estate Editor

Rendering by Runberg Architecture Group [enlarge]
The site is about a block southwest from Bellevue Downtown Station.

First it was going to be a downtown Bellevue hotel and condo development from Fana Group. Then only condos. Then the midblock property at 305 108th Ave. N.E. sold to Capstone Partners, which toggled to offices. That plan has been quiet for about two years now, owing to a very depressed post-pandemic office market — and high borrowing costs.


 
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