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May. 29, 2013

Bellevue Collection Set for Massive Expansion as Kemper Looks to Continue 65-Year Legacy

By Alex Girda, Associate Editor

Kemper Development recently announced one of the largest development projects in the Seattle metro area: its expansion of its Bellevue Collection. The existing property is currently one of Bellevue’s focal points, including spots such as the Bellevue Square shopping mall; Bellevue Place with its Hyatt Regency; and Lincoln Square, which features a cinema, dining spots and a Westin hotel.

Now, Kemper Development is set to add $1.2 billion worth of mixed-use space to the Bellevue Collection, or around 2 million square feet of space. According to the Puget Sound Business Journal, the expansion would mean an additional 350,000 square feet of retail, dining and entertainment space; a 250-key high-end hotel; a boutique hospitality venue; a 500-unit residential component 700,000 square feet of office space; as well as two six-level parking facilities that would improve the existing parking options by a reported 3,700 new spaces. An expansion of the Bellevue Collection has been in the works for quite a while, PSBJ writes, and the new additions to the commercial hub would enrich a legacy of almost 65 years.

Expansion plans were revealed recently, with a report that Kemper Development had manifested its interest in acquiring a one-acre property in the immediate vicinity of Bellevue Square. The underdeveloped lot would secure Kemper the four corners of the intersection of Northeast Eighth Street and Bellevue Way, thereby facilitating the expansion and creating a comprehensive mixed-use hub at the core of the Bellevue community.

Image courtesy of bellevuecollection.com