Security Properties has begun construction on the second phase of it’s mixed-use residential development in Bellevue’s 36-acre Spring District neighborhood.
Located nearby Phase I (otherwise known as Sparc Apartments), this phase consists of three buildings with 279 residential units. They’ll be a mix of studio, one-, two- and three-bedroom apartments above two ground-floor commercial spaces totaling 3,700 square feet. Building amenities are expected to include rooftop decks, a large fitness facility, a pet salon, and common areas.
Security Properties foresees a 24-month construction timeline and the project will be built to LEED and Built Smart program standards. Mithun is the architect and Walsh Construction is the general contractor.
Sparc Apartments was a larger, five building project that totaling 309 residences and 15,000 sf of commercial space. Two of those buildings are expected to be completed on February 2017 and pre-leasing will begin early next year. All five Sparc buildings will open to new residents in June 2017.
The 36-acre, $2.3 billion Spring District is being developed around the impending light-rail station that’s scheduled to open there in 2023. By that time, companies such as REI will have joined the many residential developments planned. Both phases of Security Properties’ complexes are along Northeast 12th Street, between 120th and 124th avenues Northeast.