Cherie and Luke's Top Four Condominium Complexes
Summer 2013 Update of the Top Four Condominiums in Downtown Bellevue

One Lincoln Tower:
It’s been nearly seven years since One Lincoln Tower welcomed its first condominium owners to their abodes.  This complex has 148 total units, is still one of the most desirable addresses in downtown Bellevue,  and home to  many high- profile, Bellevue elite. These units boast  fine finish work, gourmet kitchens and  are located above the Westin Hotel starting on floor 20, traveling upwards to floor 42.  Each resident enjoys some sort of view, ranging from corridor to unobstructed Lake Washington and Seattle skyline scapes.  You are always just a sky bridge away, (accessed via floor 3 of the hotel)  from the Bellevue Square Mall, Lincoln Square and the Hyatt.  It’s the ultimate easy passage  to all downtown has to offer with movies, restaurants, shopping, and exciting nightlife destinations. Or, you can order room service and watch Snowflake Lane if you happen to be located in the right part of the building. The amenities include an Olympic size swimming pool, oversized spa, locker room, and  workout facility.  Concierge service is white glove and the level of security is nearly Houdini-proof.  The floor plans are sprinkled with 1, 2 and 3 bedroom options. Watch for more info to come about Kemper Freeman’s Two Lincoln Tower.

Bellevue Towers:
As of this writing (June 19, 2013) there are 501 closed sales, 23 pending and 15 unsold out of 539 units. Congratulations Bellevue Towers! Of the 15 remaining, none are one bedrooms. As I’ve always pointed out, each complex in the city has something special and Bellevue Towers is no exception. I would say what sets them apart is their ½ acre park on the 6th floor, movie viewing room, cardio workout, weight workout, outdoor BBQ areas, special dining room for entertaining guests complete with full kitchen, oversized community rooms, sauna, hot tub and cold dip. And if that isn’t enough, may I mention  one of my favorite features? The  garbage areas in each hallway. You open a door and press rubbish or recycle, eliminating the elevator ride  to the bowels of the structure to recycle! The Eco-friendly construction of Bellevue Towers certainly is etched within its walls. Bellevue Towers  has  impressive floor plans. Some of my personal favorites are the 14 stack, for instance, which has two master suites, or the 16 stack which have some incredible views. The kitchens are stainless and granite and large. The concierge group is organized and helpful.  The location is desirable, just one block off Bellevue Way on 106th with quick access to Purple, (expect discounts if you live in BT) a stone’s throw from Gene Juarez for spa and beauty services, and walking distance to many places of worship.

Washington Square:
What’s the calling card for this place? An impressive welcome, starting with the cascading waterfall as you drive up. Do it with your window rolled down and you’ll catch the sweet aroma of Top Pot Doughnuts located at its base.  The lobbies are the most beautiful in the city that I’ve ever seen. Tower One is named “Water”, Tower Two, “Fire”. Call us for a tour, you’ll see why.  This complex is another desirable spot in the city, located on the Eastside of the Hyatt on NE 9th between 106th and 108th.  Cross the street to the Hyatt and hitch a walk through the sky bridge that connects you to Lincoln Square and the Bellevue Square Mall. There are about 377  Units in Washington Square and they  range in size from 600 square feet to over 3000. There is an area located between the two towers called “the Canyon” which has a meandering path to the steps of several Townhomes.

One Main Street:
Old Main Street in Bellevue is reminiscent of  Rodeo Drive,  at least on a sunny day. Travel it’s path about midway up the street, and you’ll find  One Main Street Condominiums, a much desired Boutique mid-rise with just 57 units on 10 floors. Each floor plan is a little bit different than the other, and that is truly “unique”.  Some have views of Meydenbauer Bay and the downtown corridor,  all have high end finishes, and you’re  likely to find large outdoor terraces on most. With storefront shopping,
a skip to the park, a breeze off the water, it’s like a  Norman Rockwell setting. I have to say,  you feel a  sense of elegance that makes you walk a little taller after having been there. 

 

Summer 2012:

One Lincoln Tower:
Having had my residence here in years past, I am partial. To date, this complex is like none other, because it has access to what I refer to as “the keys to the City”. Your FOB key transports you to the 3rd floor where you can gain entrance to Lincoln Center through the ballroom. From there you can take the sky bridge to the Hyatt and another to the Bellevue Square Mall having never faced the rain. The concierge service is like the movies, very gentleman and ladylike. High security. The closest thing to New York and although there is no Macy’s day parade, there is a Macy’s (better yet, a Nordstrom!) and Bellevue Way turns into Snow Flake Lane during the holiday season and you are guaranteed a front row seat. Activity and values have improved. The treasured west facing ’04 floor plan had a sale in Spring that fetched just under $4 million, with views facing West and unobstructed. Recently, I had a listing that brought $250k more than the same unit three months previous. Inventory in this building is low. Kemper Freeman’s new build to the South of One Lincoln Tower, although approved by the City, is still in the hold mode. One Lincoln Tower’s 148 units are now fully occupied and have been since about 2006 with only resale units available. It is located atop the Westin Hotel, floors 20 to 42. Homeowner Dues are presently about .66 cents per square foot and cover central hot water, garbage, sewer, earthquake insurance, amenities, management fees and reserves and concierge service. The building is managed by Suhrco and can be contacted at 425-455-0900.

Bellevue Towers:
I love Bellevue Towers, and I’ve not lived there (yet), but I have assisted many buyers in doing so. Every complex in the City has something another doesn’t, and Bellevue Tower’s claim to fame is their amenities. Community rooms, movie theatre, weight training and cardio training rooms, locker rooms, hot and cold dip spa room, sun terrace, two guest suites, two outdoor terraces with fireplaces, grilling areas and seating, and a half-acre rooftop garden! Also, my favorite is the trash system where you open the shoot and press “rubbish” or “recycle”. This building is the only in the City that is Eco friendly. Fear to buy no more! The place is on fire, with multiple offers on some units. The project is fully FHA approved with its reserve funds on track. Views vary depending upon your location in the building and there are many amazing floor plans to choose from with high end appliances and finishes throughout. Bellevue Towers is located next to landmarks such as the Galleria on 106th between NE 4th and NE 6th streets. Homeowner dues are presently about .53 cents per square foot and cover water, sewer, garbage, natural gas, building maintenance, insurance including earthquake, concierge 24/7, amenities, and management fees and reserves. At the time of this writing, there are 324 units sold out of 539 units. The building is managed by The CWD Group and can be contacted at 206-706-8000.

Washington Square:
Welcome to the most beautiful lobbies in the City. Remember when I said each complex boasts something unique to itself? Well Washington Square lobbies are sure to impressive, each has a theme. One coined “water” with waterfalls and one “fire” with elaborate fireplaces and walls of granite. If you are curious about living in a condo, but not sure, Washington Square has the EWS program, meaning Experience Washington Square. You lease for one year and if you want to purchase, six months of your rent goes towards the principal at closing. This complex is located on NE 9th place between 106th and 108th streets across the street from the Hyatt. Homeowner dues are about .54 per square foot and cover garbage, water, sewer, earthquake insurance, management fees and reserves, and concierge/night doorman services. At the time of this writing, there are 120 units left for sale with 95 of them in the EWS program with a total of 377 units in the building. This building is managed by EMB Management and can be contacted at 425-452-7330.

One Main Street:
Located in the classy neighborhood of “Old Bellevue”, this low rise boutique building has huge kitchens and large bathrooms. There are some peek-a-boo views of the Bellevue Park or Meydenbauer Bay on the lower floors and of course fantastic views on the higher floors. It is a secured building with limited concierge services. The homeowner dues are .59 cents a square foot and cover central hot water, earthquake insurance, garbage, water and sewer. There are a total of 57 units and it is 99% sold out at the time of writing this. The building is managed by The CWD Group and can be reached at 206-706-8000.

Fall 2010:

One Lincoln Tower: (Fall 2010)
I am always impressed with the level of security, yet unmatched accessibility to everything Bellevue. Floors 1-19 are the Westin Hotel and 20 and yonder are for residential condos. As a resident you enjoy the Westin pool and workout room and you can travel to Bellevue Place or Bell Square without ever leaving cover when entering the 3rd floor. It’s remarkable to have movies, restaurants, shopping and more at your fingertips. The concierge service is like something from the movies, very gentleman and ladylike. The values of the real estate there have been affected by the economic downturn. How much affected depends upon when you purchased and where you are located in the building. My favorite units there are the ’04 bank. They face west with window walls on the south and north. You can’t miss Mt. Rainier, the Seattle Skyline, Lake Washington and Mt. Baker, no matter what floor you are on. There are plans, someday, for Kemper Freeman to build to the South, but when, is questionable.

Bellevue Towers: (Fall 2010)
Beautiful amenities abound! Community room, movie theater, weight training room, cardio training room, locker rooms, spa, sun terrace, two guest suites, two outdoor terraces with fireplaces, grilling areas and seating and a half-acre rooftop garden. That’s hard to say in one breath! But alas, just 111 of 539 of the units are sold as of this writing. Some folks are concerned that these will go to auction. But not so according to Jason Foss head of Marketing and Sales. He verified that there is absolutely no plan to either auction, offer a lease-to-own option, or rent. My interview with him proposed that they expect to take 3-4 years to sellout the project, and that the lender group is prepared to fully support it through sellout. Ownership transition from the original project investors to the lender group is underway. This complex is FHA approved and has Fannie Mae approval for floors 3-13 at this time. Depending upon where you purchase in this building, you have views of Lake Washington and the City of Bellevue.

The Bravern: (Fall 2010)
The Bravern has turned into luxury apartments for the time being. This doesn’t mean that things will not change in the future. Again, lovely amenities with outdoor atrium and elegant gathering areas. But for now, luxury rentals.

Washington Square: (Fall 2010)
Most beautiful lobbies in the City and a grand hotel entrance is what you feel with Water and Fire themes. Charming, helpful concierges. Washington Square has much to choose from with a great location across from the Hyatt. Top Pot Doughnuts resides in Tower One, a sweet start to your day and Shnoo Yogurt to finish your evening. The Loft is the well laid out gathering room on the 3rd floor that rivals a trendy New York penthouse, complete with very cool furnishings, pool table, kitchen and dining areas. Let’s party! Some great views in this complex, depending upon your location in the building. But facing south your City views are remarkable. Plans are in the making to finish “the Block” as it is referred to by its developer, the perky Wasatch group. A 10-12 story boutique hotel, a wellness workout center, retirement living and some retail/commercial. At the time of this writing, 227 out of 377 units are closed. In addition to this, there are approximately 85 lease-to-own occupied and 20 investor purchasers.

One Main Street: (Fall 2010)
We’ve got to add this newcomer. It has impressive floor plans for the price and is located in the classy neighborhood of “Old Bellevue”. Nearby Gilberts and other shops, it has amazing, huge kitchens and large bathrooms as well. Some peek-a-boo views of the Bellevue Park or Meydenbauer Bay on the lower floors and of course fantastic views on the higher floors. There are 19 sales of 57 units. Limited concierge services but secured building.

 


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