American Capital Group has filed for Design Review and Shoreline Substantial Development permits to build an eight-story apartment building called The Kelsey at 929 118th Avenue SE in West Bellevue.
The proposal calls for demolishing an existing 32,000-square-foot retail building and replacing it with a 356,809-square-foot residential tower containing 222 apartment units. The building would sit on a 1.66-acre (72,428-square-foot) parcel. Roughly 20% of the units are designated as affordable housing.
The site currently houses two retail tenants, Greenbaum Home Furnishings and Renaissance Rug Corporation. Construction is scheduled to begin in September 2027 and wrap up two years later, in September 2029.
Parking and Amenities
The Kelsey would include approximately 280 structured parking stalls split between above- and below-grade levels. About 12,300 square feet of the building is planned for amenity space, not counting elevator lobbies, corridors, and other back-of-house areas…