Hines Breaks Ground on 17-Story Office Tower in Bellevue Fully Leased to Amazon
BELLEVUE, WASH. — Hines has broken ground on Summit 3, a 17-story office tower located in downtown Bellevue, a suburb of Seattle situated on the shores of Lake Washington.
The Houston-based development firm has preleased the Class A, 374,220-square-foot office building to a tenant it did not disclose, but the Puget Sound Business Journal reports that Amazon has leased the entire tower with plans to grow its Bellevue employee base to 2,500 by 2020.
The Seattle Times reported last week that the Seattle-based tech giant has also begun the permitting process for a new 43-story tower at 600 108th Ave., about two blocks north of Summit 3.
Situated at the corner of 108th Ave. NE and N.E. 4th St., general contractor JTM Construction will build Summit 3 atop an existing subterranean parking garage that spans seven levels. Hines will develop the office space to accommodate high-density tech operations.
The property is the third building within The Summit office campus, which includes Café Pogacha and a Bright Horizons childcare facility. Other onsite amenities at the Summit campus include a fitness center, conference center and The Summit Room, which functions as a combination of a lobby, lounge and meeting area.
The U.S. Green Building Council has pre-certified Summit 3 as LEED Gold, and the U.S Environmental Protection Agency and U.S. Department of Energy indicate the project is poised to earn the Energy Star designation.
“[Summit 3] will set a new standard for quality in the market by offering unrivaled natural light, while still providing superior energy performance,” says Ty Bennion, senior managing director of Hines. “Its innovative design and rich amenity offering will support our [tenant’s] evolving needs.”
Summit 3’s design team includes LMN, Magnusson Klemencic Associates, ME Engineers, Berger Partnership, Pace Engineering Services and Hines Conceptual Construction Group.
Hines did not disclose a construction timeline for Summit 3.
Hines currently has 128 developments underway around the world and a total of approximately $120.6 billion of assets under management. The privately owned firm’s current property and asset management portfolio includes 512 properties, representing over 223 million square feet.
— John Nelson