BELLEVUE, WA-Work was expected to begin today on a sprawling project that will convert a 36-acre industrial property to a mixed-use tech-office complex called the Spring District.
Developer Wright Runstad & Co. said last week that more than $2.3 billion will be invested for offices, hotels, and residences. The commercial development will be complemented by parks and a new light-rail station, according to a report in the Puget Sound Business Journal.
The Spring District property is east of downtown Bellevue. When completed, the project will be a neighborhood of tech offices, retail, residential and hotel buildings, parks and a light-rail stop.
Workers begin infrastructure work in February, clearing the way for construction of large apartment and office buildings. Seattle-based Wright Runstad and financial partner Shorenstein Properties of San Francisco paid for the 36 acres six years ago.
Another Seattle company, Security Properties, will build five four- to eight-story apartment buildings with a total of 316 units. Construction of the apartments is scheduled to start by June 2014, city officials said Friday.
The city has approved plans for one nine-story and one 11-story tower. The buildings total 491,000 square feet. Light rail service could be up and running by 2015.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
