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BELLEVUE, WA-Excavators are reaching the bottom of a 50-foot hole across from Bellevue Square that will give rise to Lincoln Square, a $330-million mixed-use development.

On Sept. 29, a U S Bank branch located at the northwest corner of the property will relocate employees to a building on the south end of the property so that the building can be razed and the hole can be widened for an eventual 2,200-space parking garage. Several other buildings on the site have already been removed.

When complete, Lincoln Square will consist of a 27-story, 510,000-sf office tower, a 40-story building called Museum Tower that includes a 305-room Westin Hotel with 134 units of residential housing above it, 360,000 sf of retail space, a 12-screen movie theater and the parking garage. The project is located on 4.5 acres at the southeast corner of Bellevue Way Northeast and Northeast Eighth Street, across the street from Bellevue Square and just north of the new Bellevue Art Museum, which currently is under construction.

Lincoln Square’s previously announced anchor tenant is drugstore.com, the online pharmacy now located in offices just off Interstate 90. It has signed a lease for about 140,000 square feet, and holds an option for an additional 40,000 sf. Ian Gillespie is the Vancouver, British Columbia-based developer of Lincoln Square. Gillespie’s Westbank Projects Corp. is leading the project.

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