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Main Street Place to Consist of 1.2M SF in Downtown Bellevue

Main Street Place, a 6.75-acre mixed-use development, is to be located in one of the most active submarkets in the Seattle area, namely downtown Bellevue. It will consist of approximately 1.2 million square feet of high-rise office product on the north side of the site and approximately 400 units of low-rise apartments on the south portion.

The ground floor will include approximately 90,000 square feet of retail and amenity spaces, along with public open space and pedestrian corridors throughout the site, according to Hines, along with partners Benenson Capital Partners and USAA Real Estate. Moreover, it will sit less than one block away from a future light rail station scheduled to open in 2023, which will connect this site to downtown Seattle, Seattle-Tacoma International Airport and Microsoft’s headquarters in Redmond.

“The project’s location, flexibility and nearly a full super block in land area create the opportunity to deliver a new portal into downtown Bellevue,” said Ty Bennion, senior managing director at Hines.

The project is being developed on a long-term ground lease with New York City-based Benenson Capital Partners, a 115-year-old family-owned company. The Benenson family has owned the site for decades, originally acquiring the Albertson’s grocery store that initially inhabited the project and subsequently developing the current retail center.

“We believe this development with its proximity to the light rail system, stirring design and diversity of elements will create a wonderful vitality in downtown Bellevue,” said Richard Kessler, chief operating officer of Benenson Capital Partners.

The design team includes lead designer Kohn Pedersen Fox as well as GGLO, A+I, Design Workshop and MKA. Additionally, a team led by Steve Kohn of Cushman & Wakefield served as developer consultant for Benenson Capital.


Inside The Story

Ty Bennion

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.