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Rendering by Johnson Braund
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This view looks southeast at the planned hotel, which will eventually have two much taller neighbors to its south.
On the Washington Square block in downtown Bellevue, owner BV Holdings of Utah has in recent years sold two corner parcels on Northeast Eighth Street to Skanska USA and Fana Group to develop as offices possibly for Amazon.
Pre-sales haven’t yet begun for the planned condominiums.
On three downtown Bellevue properties it owns, Fana Group has a trio of projects planned: an office tower on the Washington Square block; two office towers north of Soma Towers; and what was originally announced as condo/hotel project on the east side of that block, at 305 108th Ave. N.E.
The latter, now dubbed ParqHouse, recently received a SEPA determination of non-significance from the city. The appeal period ends March 18. Past working names have included Fana 305 and Plaza 305.
Hotel rooms have now been dropped from the ParqHouse plan, which is unsurprising given the pandemic s toll on the hospitality industry. The appetite for high-rise condominiums in Bellevue may be a little stronger than in Seattle, but future pricing will have to factor in nearly a half-dozen other rival downtown condo projects.