Bellevue’s Wilburton neighborhood is lining up its next big guest: a new Hyatt House extended-stay hotel that would replace the small medical office building currently occupied by the Eye Clinic of Bellevue. Developer Kauri Investments, which picked up the property in 2024, has been working through entitlement steps for a mid-rise project a short walk from the Wilburton light-rail station and the Overlake medical campus, at the eastern edge of downtown Bellevue.
As reported by the Puget Sound Business Journal on Feb. 9, 2026, Kauri Investments is advancing plans for a Hyatt House at 1300 116th Avenue NE. The developer intends to swap out the existing one-story medical office for a branded Hyatt extended-stay property, building on the 2024 acquisition.
Site history and sale
Local reporting in July 2024 by Urbanize Seattle detailed that the parcel sold for about $6.75 million and that Eye Clinic of Bellevue would lease back the building while Kauri readied redevelopment plans. The off-market sale, brokered by Cushman & Wakefield, described the site as roughly 0.6 acres and flagged it as a strong candidate for a future hotel project.
Project size and design updates
Early industry coverage pegged the concept as an approximately 150-room extended-stay hotel, according to REBusinessOnline. More recent city permit records and follow-up reporting show the plans have been upsized, with filings now describing an eight-story building that would hold about 174 rooms and roughly 132 parking stalls, and listing Johnson Braund as the design firm. Those permit details were reported by DJC.
Why Wilburton
The location checks a lot of boxes for an extended-stay flag. Wilburton Station on Sound Transit’s 2 Line opened in April 2024 and sits within an easy walk of the property, giving a future hotel straightforward access to regional light rail. At the same time, the site is close to major medical facilities, a natural draw for visiting clinicians, patients, and families. City planning for BelRed and Wilburton has been steering the area toward higher-density, transit-oriented development, a shift that developers say supports hotel and multifamily projects. More detail appears in materials from Sound Transit and the City of Bellevue…