According to an article at the Seattle Times. the world famous Rockefeller Group, real estate developer of the Rockefeller Center in Manhattan, and many other properties in New York City, has secured an option on a 5.5 acres site in downtown Bellevue. The property is owned by SRO. Sterling Real Estate Organization is owned mostly by the Danz family which used to operate Belle Lanes bowling alley and John Danz Theatre. The property currently houses Barnes and Noble bookstore and a church.
Apparently the Rockefeller group is bullish on building in downtown Bellevue and want to build a 3 tower office high rise project on the site. The project, at 2.4 million square feet, would be the largest built in Bellevue since the Bravern was completed in 2010. The retail and residential parts of The Bravern have struggled mightily, but overall the project was saved due to the fact that Microsoft leased the entire office space.
A few days ago, I wrote about it being time for a true business incubator to launch in Bellevue, to serve the local start-up and tech community. This could potential be of great help to the Rockefeller Group and other local real estate developers, as they will all soon be competing for major tenants. When this Bellevue Business Incubator helps grow local start-ups, they will certainly need lots of office space and undoubtedly will want to stay centrally located in Bellevue to help recruit the area’s best talent.
I’ve been involved in preliminary discussions about a Bellevue Business Incubator with local business leaders and expect to continue the discussion with start-ups veterans, real estate brokers, venture capitalists and angel investors who see the benefit of an incubator in Bellevue.