Although most of the office space currently under construction in downtown Bellevue seems to have lease committments, there is still a question of how long it will take for all the residential units being developed to be absorbed.  Afterall, we are in a slowing market with a huge amount of inventory already on the market.

According to an article by Brian Miller at GlobeSt.com , there is a 12 story condo tower being planned for a one acre site at the corner of 111th Ave NE and NE 8th, directly across the street from the under construction The Bravern.  Apparently the San Francisco based developer has paid around $8 million for this parcel and plans smaller units between 450 to 900 square feet that will be priced between $300 and $800k.