Saturday, July 24, 2021

Mixed-Use Project, Avenue Bellevue, Closes Largest Construction Loan in Bellevue History for $700M

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Avenue Bellevue was designed in partnership by architecture firms Weber Thompson and CollinsWoerman, as well as Hirsch Bedner Associates.

Avenue Bellevue, LLC, in partnership with Fortress Development, recently announced that they secured financing for its flagship project, Avenue Bellevue. The two-tower luxury condo, hotel and retail project, is currently under construction.

The $700 million transaction with Silverstein Capital Partners is the largest construction loan in Bellevue history. It is also one of the largest recorded in the United States since the start of the pandemic. The deal marks SCP’s first construction financing loan on the West Coast.

“We are creating something that will set a new standard for hospitality

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