HSR, MetLife Plan Eight-Story MF Development in Bellevue
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has executed a cost-share agreement with MetLife Investment Management to advance the design of a new multifamily community located at 1200 116th Ave. NE in Bellevue, Washington.
The planned eight-story development will deliver 214 residential units in a transit-oriented neighborhood near the Wilburton Light Rail Station. Situated across the street from Overlake Hospital, the project will be within walking distance of Whole Foods, restaurants, and cafes. “This project reflects our continued confidence in Bellevue as a dynamic and resilient multifamily market,” said Alan Cantlin, Principal with HSR in Seattle.
The project is expected to break ground in the third quarter of 2027 and be delivered in the third quarter of 2029. Designed by Weber Thompson, the community will feature an outdoor courtyard, a multi-level rooftop terrace with barbecue stations, a fitness center, a coworking space, a club and a lounge room with a fire pit.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout