According to public records, Skanska, the multinational construction and development company, recently paid $18.82 million to Wasatch Group for the property located at 10605 Northeast 9th Place. This property is adjacent to their current project in Downtown Bellevue, The Eight.
An office tower with parking and retail space has been proposed, according to initial plans that were filed in March. The property was originally zoned for hospitality use.
Currently under construction, The Eight is located at the intersection of Northeast 8th Street and 108th Avenue Northeast. Skanska is building a 25-story, 540,000 square foot office tower.
The Eight will feature a private rooftop deck that measures 3,190 square feet, seven alternating indoor/outdoor exterior balconies, 12,000 square feet of ground floor retail space, and four levels of below-grade parking that will include valet services and charging stations.
The land for The Eight was purchased in July 2018. The project is slated to reach completion at the end of 2023.
Skanska is the fifth largest construction company in the world. They are based out of Sweden.
Source: Downtown Bellevue Network