Redeveloping a shopping center in downtown Bellevue into new housing and shops is one step closer after a master development plan was approved for Wallace Properties.
The plan would renovate a 4.2-acre shopping center built in the 1970s and 1980s and transform it into a mixed-use site with four residential buildings totaling roughly 900 housing units, according to the city’s report obtained by The Puget Sound Business Journal.
The shopping center is located at 1100 Bellevue Way N.E. on the northern edge of downtown Bellevue, and two blocks north of Bellevue Square.
Wallace Properties gets green light for major Bellevue development
Wallace Properties first applied for the project in 2024, with the developer stating that a tough financing environment had been a challenge…