More Growth for Downtown Bellevue

A Chinese developer has proposed designs for Bellevue International Plaza. The proposed four-tower project is arguably one of the largest Bellevue has ever seen.

Huge Four-Tower Bellevue Project

According to the Puget Sound Business Journal, Plus Investment USA on Thursday said it has submitted designs to the city for Bellevue International Plaza, which is on the south side of Northeast Eighth Street between the Bravern complex to the east and Symetra Financial Center to the west. Plus Chairman George Liu said he hopes to break ground this fall on the first two of the 40-story towers.This is just another example of how profitable downtown Bellevue is and how excited foreign investors are in Seattle and the Eastside. Investors from Asia have been buying up millions of dollars of downtown Bellevue property, and now they're starting to develop it. The scope of Plus' project is the clearest sign yet that overseas developers plan to make a huge imprint on Bellevue.

What This Means For You

While the thought of more construction may make you a little woozy, this is all a good sign! Foreign investors are paving the way for the Eastside's growth by creating jobs and making it a desirable place to live. Home values are already on the rise, and with Bellevue's award winning downtown and anticipated growth, it's safe to say that there will be many exciting changes to our area in the years to come.Read more in the original article from Puget Sound Business Journal.