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August 14, 2025

Backed by Microsoft, 135 affordable units debut in Bellevue

By BRIAN MILLER
Real Estate Editor

Photo by Brian Miller [enlarge]
Nuovo’s apartments are affordable to households earning in a range from 80% to 100% of AMI. (Note the hotel foundation at right.)

When a two-building apartment and hotel complex stalled during construction five years ago, just west of the freeway in Bellevue, the situation wasn't pretty. On the east side of the site, the concrete foundations for the half-built Phase I hotel were an eyesore to drivers along 118th Avenue Southeast. Construction had begun there under Puget Sound Hospitality in 2019 … just in time for the pandemic. The planned Phase II west apartments, closer to Mercer Slough, hadn't even begun. It wasn't then clear if they ever would.


 
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