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3/11/22
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Legacy Partners Inc has obtained joint venture equity for the development of Bellevue Station, a 288-unit, mid-rise transit-oriented apartment project in Bellevue, WA. The equity was provided by New York Life Real Estate Investors.
Bellevue Station is located at 1525 132nd Ave NE in the city’s fast growing Bel-Red corridor submarket. It will include 230 market-rate units and 58 below-market Multifamily Tax Exemption (MFTE) units. Amenities will include a gym with a separate yoga zone, coffee bar, rooftop club room with associated terrace, and an indoor/outdoor/games room. The lobby will also include co-working space complete with open booths for residents.
Upon completion in the first quarter of 2025, Bellevue Station will sit along the newly expanded East Link light rail close to some of the world’s largest and influential technology and e-commerce employers.
Dave Karson and Chris Moyer with Cushman & Wakefield represented the borrower.
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