On Monday, Seattle-based developer Schnitzer West paid $12M for just under an acre of land on the corner of 106th Avenue Northeast and Northeast Fourth Street in Bellevue. When they're done with it, they'll have constructed a 16-story, 360,000-square-foot office building, according to plans. The building will replace a Bank of America branch currently on the property and BOA is already on-board as a tenant in the new tower, which is expected to be finished in 2016. Schnitzer West also told PSBJ that they plan on building two more office buildings in Seattle in 2014, so get used to seeing their name.
· Bellevue corner to get 16-story office tower [Seattle Times]
· Schnitzer buys downtown Bellevue site to build office tower [PSBJ]