Home AEC Pinnacle Bellevue Will Add Five Towers to City's Exploding Core
Pinnacle Bellevue Will Add Five Towers to City's Exploding Core
Rendering Courtesy of JYOM
Downtown Bellevue is quickly becoming a corridor of high-rises with multiple million square foot-plus commercial office and residential projects in the works. These developments have been spurred on by the Puget Sound's rapid job growth, and with little vacancy to accommodate new residents or companies, developers are moving forward with development as fast as they can meet demand. At the end of 2019, Pinnacle International and architecture firm JYOM submitted plans for "Pinnacle Bellevue," a nearly 1.2 million square foot mixed-use development spread out over five separate towers that will bring a significant presence to downtown Bellevue upon completion.
"Being nestled between Lake Washington to the west, Lake Sammamish to the east and with breathtaking vistas of the Olympic Mountains and Cascade Mountains as a backdrop, Bellevue continues to bloom within this blessed environment," states design documents. "Each development opportunity, therefore, seeks to add harmony and dialog between the natural and built environment."
Documents submitted to the City of Bellevue indicate that Tower 1 will be the tallest, at about 24 stories in height. Towers Two and Three will be 17 stories, while towers Three and Four, and Tower Five will be nine stories and 10 stories, respectively. The plans show that residential space would total about 973,000 square feet and include 849 units. There is also about 117,500 square feet of commercial and 1,292 parking spaces.
The design of the building will pull from the project's place in downtown Bellevue and downtown's transition into a mecca for technology companies. A central plaza will serve as a point of entry to the site and as a gathering space, while an internal courtyard will provide space for drop-offs and as a mid-block thoroughfare for residents, neighbors and local employees. The massing of the buildings will respond to site constraints. The towers are spread apart towards the corners of the site, with mid-rise volumes in-between. Commercial uses will be placed along 102nd avenue, while two additional plazas will be located along NE 10th street to complement the central courtyards and provide open space amenities.
"The Design Concept is created by stoic built forms representing the city's growth that are sensitively nestled in the podium, which is a reflection of the beautiful landscapes that make Bellevue so unique," explains JYOM. "The changes of the seasons, the ebb and flow of the waves in Lake Washington, and the surreal mountain tops are transition and connection elements that interweave the commercial area by way of an undulating canopy and path, bringing residents and visitors to and through the site."
The project plans cover two parcels that will be part of the northern part of the development. A separate south parcel is also going to be developed by Pinnacle and incorporated into the development. Project plans for the southern parcel are slated to include additional residences, 153,000 square feet of commercial space and a hotel.
Pinnacle acquired the properties in September of 2018 for $145 million from Fortin Group, a collective of family-owned real estate management companies based in Bellevue. The three parcels total just over 3.3 acres.
Pinnacle International is not the only firm moving ahead with large-scale projects in Bellevue. Legacy Companies has proposed 1.2 million square feet of office space at 530 112th Ave. NE, adjacent to the Meydenbauer Conference Center. Vulcan is gearing up to break ground on its multi-phased Bellevue Plaza project, which upon its anticipated completion at the end of 2022 will add more than one million square feet to downtown Bellevue's office supplies. In July of last year, Amazon solidified its plans for 43-story office tower with ground floor retail. The project is currently the site of the 256,830 square foot Bellevue Corporate Plaza.
As of this writing, Pinnacle had not yet returned The Registry's request for comment.
Legacy Companies
Pinnacle Bellevue
Pinnacle International
Patrinely Group and Dune Real Estate Partners Acquire Bellevue Development Site for State-of-the-Art Office Tower for $95.5MM
Jewish Day School of Metropolitan Seattle Sells for $18.5MM
Report: Outlook for Eastside's Commercial Office Market Positive as Big Tech's Domino Effect Remains in Motion
Terreno Realty Extends Eastside Footprint with $3.5MM Redmond Purchase
Terreno Realty Acquires Industrial Property in Woodinville for $33.5MM
Low Income Housing Institute Buys 36-Unit Apartment Building in Seattle for $10.97MM