Kidder Mathews received the exclusive disposition assignment for this 30,800 sq ft development site located in the Bellevue, Washington Central Business District. This sale
offering represented one of the last developable parcels available on 108th Avenue NE.
This property boasted 140 feet of frontage and was 220 feet deep. The frequented Bellevue
Pedestrian Corridor runs parallel to the north of the property. This site falls within the O-1
Office Zone and allows for a maximum height of 450 feet for residential development or 300
feet for office development. The base FAR in this zone is 5, and the maximum FAR in this
zone is 8 with a 1 FAR exemption for service retail on the main floor.
Two structures occupy the site and are currently used for restaurant and other retail
services. In 2009, BV Holdings (client), a subsidiary of Wasatch Development Company,
decided to put this property on the market for sale after owning it for approximately 5 years
in order to focus on numerous multi-family development projects in Utah.