Brand New Bellevue Neighborhood: The Spring District
Yesterday some of our brokers went to a tour to learn more about Lake Bellevue Spring District. Our broker Michael Link, the President of the Lake Bellevue Alliance with The Spring District, was the tour guide. They previewed some of the apartment homes, experienced one of the best views in Bellevue from the rooftop, and received valuable information about The Spring District and details about different developments in that area.
More about The Spring District
The Spring District is a transit-oriented development and neighborhood that is under construction in Bellevue, Washington. The 16-block, 36-acre development is centered around the Spring District/120th station on the East Link Extension, a light rail line scheduled to open in 2023.
The Spring District is being developed by Wright Runstad & Company in a joint venture with the Shorenstein Company.
THE SPARC Security Properties was selected by Wright Runstad & Company and Shorenstein Properties to help kick off Phase One of The Spring District. Security Properties purchased a 2.5-acre parcel at The Spring District’s southwest corner and opened 309 residential units in late 2016. Aptly named Sparc, this project includes best in class amenities, spacious floor plans, a Bright Horizon’s childcare center, and convenient access to pedestrian friendly transit.
PHASE 2 MULTIFAMILY In addition to the 309 residential units already open at The Spring District, Security Properties is currently under construction for an additional 279 apartments located directly to the east.
PHASE 3 MULTIFAMILY AMLI Residential Properties will develop nearly 1.5 acres of land in the southwest corner of The Spring District with a multifamily project containing approximately 204 units. Construction is underway with completion by late 2019.