Resmark JV Announces Luxury Townhomes in South Bellevue
- Apr 17, 2015
Although Expedia’s announcement that it will be moving to the Seattle waterfront has given Bellevue’s real estate market something of a shock, investors continue to express interest in the city. A joint venture between The Resmark Cos. and local development group Windward Real Estate Services is working on the development of Factoria, an infill luxury townhome community located in south Bellevue.
The Factoria project will comprised 24 new units and will be located in a mixed-use urban neighborhood that features schools, retail and employment. Development at the community will begin later this year, with the first closings most likely set to take place next spring. The development will consist of six duplex and four triplex lots, accommodating the 24 townhomes.
Residences here range in size between 1,812 and 2,886 square feet, and feature three bedrooms and three bathrooms, with select homes including an additional bath or two half-baths. Fourth-floor penthouses offer an extra room, as well as finished rooftop decks. All homes have attached two-car garages, while some residences have daylight or a partial basement with a bonus room created by using the sloping site. The community was designed by Medici Architects.
The project’s location ensures close proximity to the 60-store Marketplace at Factoria – anchored by a Safeway supermarket, Target and AMC Theatres – and Newport Senior High. Bellevue is located in a position that allows residents to reach major employment centers of the area in the neighboring cities of Seattle, Redmond and Issaqua, including Microsoft, Redmond, Boeing and Amazon.