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JASON FOSS

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IN THE NEWS

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Bellevue Club Residences Seek Design Review Approval from City

June 2nd, 2024

The Bellevue Club Residences project, located at 11200 Southeast 6th Street, is currently undergoing evaluation by the City of Bellevue for approval of its Master Development Plan and Design Review, according to City of Bellevue permits.

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Inside King County’s housing inventory crisis

May 24th, 2024

Condominiums could serve as the “missing middle housing” for the Seattle area — that is, housing that fulfills the needs of middle-income residents who are sick of renting but can’t afford an overpriced single-family home. However, only one condominium project, First Light, has broken ground in Seattle in the past few years.

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Why plop a $1.7M McLaren sports car atop a Seattle condo? Urban revival

May 22nd, 2024

High above Seattle’s skyline, a $1.7 million McLaren hangs suspended over the 48th floor of a luxurious new condo building. The supercar isn’t just a flashy penthouse perk — it’s a gamble on the city’s ability to reignite its pandemic-emptied core.

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Bellevue Makes Top 10 List for 2024 Best Places to Live in US 

May 16th, 2024

Niche, the market leader in connecting colleges and schools with students and families, announced the release of its 2024 Best Places to Live in America rankings. In its 10th year, these rankings have been known to help at least 70 million people annually with decisions on where to live and go to school. The study looked at approximately 230 cities and over 18,000 places in the US.

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Bellevue Tops US Cities for Remote Work

May 6th, 2024

A recent study sought to highlight the U.S. cities where remote work is most prevalent. It discussed key urban areas where the trend of working from home is prevalent, shedding light on opportunities for a flexible work routine.

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East Link TOD: Housing Growth Picks Up in Downtown Bellevue Ahead of Light Rail

April 22nd, 2024

The skyline is growing around Bellevue Downtown Park with light rail now a 15-minute walk to the east. (The Urbanist)

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Washington home values have more than doubled in the past decade

March 29th, 2024

Home values have increased in every American state since 2013, according to a study from Architecture Lab. However, Washington is one of the states where values have increased the most drastically.

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1.4M Sq Ft Bellevue Development Progresses, Additional Plans Unveiled

March 19th, 2024

Hines, the development firm behind the HoM District project, formerly known as Main Street Place, has recently taken steps to progress the Bellevue development. Applying for a permit to clear and grade the residential section of the site, the property spans 6.75 acres between Main and Second Streets and 108th and 110th Avenues Northeast.

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Bellevue Real Estate Expert Jason Foss Talks Mortgage Rates, Remote Work Effects, & New Townhome Project

March 1st, 2024

Ashwood Lane is a community of 8 new construction townhomes, offering plans of around 2,500 sf, 3 bedrooms, 3.25 baths, an upper floor bonus room, and ground floor flex room plus 2-car garage with pricing in the mid $2M range.

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Bellevue Unveils Bold Growth Strategy for 152,000 Additional Homes

February 9th, 2024

Downtown Bellevue has taken the lion's share of Bellevue's growth and would continue to be a focal point in the city's proposed new comprehensive plan.

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Approval Granted for 8 Single-Family Townhomes on 112th Ave NE

November 6th, 2023

Ashwood Lane,” a new Bellevue development, recently received approval for the permitting of eight single-family townhomes. The address for the project is 1256 112th Avenue Northeast.

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Second Phase of Meydenbauer Bay Park Expansion Project Kicks Off

October 31st, 2023

The city of Bellevue describes phase two of the project as a continuation of “important work towards creating memorable shoreline experiences, improving pedestrian access to the water, embracing environmental stewardship, and increasing awareness and understanding about the area's rich boating and whaling history.”

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Bellevue’s 1.7M Sq Ft Project Shifts From Office to Residential Towers

October 17th, 2023

Plans have changed for what was one of the largest proposed high-rise projects in Bellevue. Situated on 4.6 acres of land, Cloudvue is switching gears from office towers to residential buildings, according to permits that were recently submitted to the City of Bellevue.

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Amazon Employees Begin Relocating from Seattle Office Space to Bellevue

October 10th, 2023

Amazon is moving 2,000 office employees from Seattle to Bellevue into two office towers. Costar News, a commercial real estate website, first reported the news. 

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Jason Foss, Real Estate Expert, Shares Insights on Condo Sales, Resale Inventory, and Seller Strategies

October 9th, 2023

We take a deeper look into how sales are faring at the three new condo projects, Mari, GIS Plaza, and Avenue Bellevue, as well as how these construction projects are affecting resale inventory, and top strategies for sellers to consider when putting their home on the market. 

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7-Unit Multifamily Townhome Project Receives Design Review Approval

September 27th, 2023

Lochleven Townhomes, a project consisting of 7 total townhomes in Downtown Bellevue, has received design review approval. The project is located at 417 99th Avenue Northeast.

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Researchers say these Seattle office buildings could be housing instead

September 23rd, 2023

Dozens of aging office buildings across Seattle, Tacoma and Bellevue could be good candidates for conversion into thousands of new apartments, a possible bright spot as the region’s housing crisis persists and empty offices abound. 

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Amazon pledges $40M for affordable homeownership in Seattle and beyond

September 13th, 2023

Amazon is pledging $40 million in grants and loans for affordable homeownership projects in several regions of the country, including the Seattle area.

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Luxury Condo Building in Old Bellevue Nears Completion, Resident Occupancy

September 12th, 2023

Combining classic luxury with modern architecture, the new condo project, 100 & Main Residential, is nearing completion. Located on the corner of Old Bellevue, the address is 8 100th Avenue Northeast.

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Eight New Homes to be Built in Bellevue with Opportunity for Personalization

August 28th, 2023

Homebuilder, Thomas James Homes, recently announced their collection of eight high-end residences that are within walking distance to Downtown Bellevue. Together with Real Residential, the launch of this project, Grace, features pricing starting at $4.8 million.

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Seattle’s historic Smith Tower is for sale

August 8th, 2023

Homebuilder, Thomas James Homes, recently announced their collection of eight high-end residences that are within walking distance to Downtown Bellevue. Together with Real Residential, the launch of this project, Grace, features pricing starting at $4.8 million.

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Design Plans for 22-Story, Downtown Bellevue Residential Building Approved

July 27th, 2023

A 22-story residential building overlooking Bellevue Park this week received design-review approval from the city of Bellevue's Developmental Services Department. 

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Bosa Development Applies for Park Row Condos Sales Center in Bellevue

May 18th, 2023

Real estate developer, Bosa Development, recently applied for approval from the City of Bellevue to construct a new sales center space. It will be located at 10465 Northeast 2nd Street, at the base of their condo tower, One88.

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Amazon to Move 2,000 Office-Based Employees from Seattle to Bellevue

May 4th, 2023

2,000 Amazon employees are going to move their home base from Seattle Bellevue, according to an employee at the Worldwide Communications team at Amazon. The company recently announced plans to shift some of their employees to offices on the Eastside.

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Best Team: The NWG Team, REAL Residential

May 1st, 2023

REAL Residential, formerly NWG, has been one of the leading teams in Washington for over a decade — both as a team and an independent brokerage. With 21 of the region’s top brokers, the team surpassed $850 million in sales in 2022.

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Bellevue Joins International 2030 Districts Network

April 20th, 2023

The overarching mission of the 2030 Districts Network is to create a global, unified community of successful, thriving, and sustainable districts and cities driving environmental efforts, and managing and adapting to climate change, a release said.

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WA Senate passes bill allowing duplexes, fourplexes in single-family zones

April 11th, 2023

The Washington state Senate passed legislation Tuesday that would allow duplexes or fourplexes in most neighborhoods in most cities throughout the state, regardless of local zoning rules that have long limited huge swaths of cities to only single-family homes.

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Seattle is now building more ADUs than single houses

March 8th, 2023

The addition of accessory dwelling units in Seattle has surged since 2019, when the city revamped its regulations to encourage their creation, pitching the units as a way to add density gently and provide a wider menu of living opportunities in neighborhoods dominated by single houses.

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Real Estate Expert, Jason Foss, Discusses Falling Interest Rates, Inventory, and New Construction Condos in Bellevue

Feb 9th, 2023

With rates peaking in Q4 and now coming down over the past couple of months, we caught up with real estate expert, Jason Foss of Real Residential, to learn about the current market for both buyers and sellers. 

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Sales Begin at 6-Story Condo Building

Feb 7th, 2023

Sales recently began for the luxury condominium building, GIS Plaza. It is the only condo community offering completed new construction homes in the area this year. The property is located at 930 109th Avenue Northeast.

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First Condos at Boutique Bellevue Building Hit the Market

Feb 1st, 2023

It's been more than two years since developer GIS International Group broke ground on GIS Plaza, a new six-story mixed-use project.

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New Bellevue Luxury Condos, MARI, to Begin Sales Spring 2023

Jan 20th, 2023

A new boutique luxury collection of condominiums, MARI, will be going on sale in spring 2023. The building will offer studios, 1-, 2-. And 3-bedroom living spaces.

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Real Estate Expert, Jason Foss, Discusses Buying & Selling in Today’s Market

November 16th, 2022

With rising interest rates and declining prices, buyers and sellers alike are wondering if they should make a move in this market.

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Bellevue Mayor Officially Welcomes Meta to Spring District

October 13th, 2022

Facebook (Meta) purchased REI’s Bellevue Spring District headquarters for $390 million. The 400,000 square foot campus includes 6-acres of land. REI announced in August 2020 that they were planning to sell their new Bellevue headquarters, and instead, move into multiple satellite locations across the region.

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Downtown and Rose Hill: Kirkland’s Corridor of Dense New Development

October 10th, 2022

After Totem Lake, a neighborhood that is experiencing a spree of significant growth, the next notable constellation of new commercial and residential development in Kirkland is occurring around NE 85th Street/Central Way.

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Despite Slowdown Worries, 2021 Sets A Townhouse Production Record in Seattle

September 27th, 2022

2021 was a huge year for townhomes, nearly 50% more townhomes completed than any other year.

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Bellevue, Seattle rank among top 20 real estate markets in the U.S.

August 31st, 2022

Bellevue and Seattle ranked in the top 20. They have some of the best real estate markets, considering that a for sale house only stays about 40 days on the market before getting sold, they have low foreclosure rates, and a small share of people delinquent on their mortgage debt 

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Condo Real Estate Expert Discusses Pricing, Interest Rates & Bellevue Projects

August 12th, 2022

learn about Downtown Bellevue’s latest trend in the real estate market.

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Not just warehouses: Amazon pulls back on office projects, too

July 15th, 2022

Amazon has paused construction on five office towers in Bellevue, Washington, and will hold off on plans for a sixth.

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Scope Out Bellevue’s Skyline of Tomorrow

July 13th, 2022

Buried behind a storm of mammoth projects are yet more potential development proposals in Downtown Bellevue.

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Downtown Bellevue Anticipates a Wave of Mega-Projects

July 11th, 2022

For good or ill, these mega-projects will likely define Downtown Bellevue for generations to come.

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Construction Begins on 21-Story Office Building in Bellevue

July 5th, 2022

Patrinely Group and Dune Real Estate Partners recently broke ground on their project, Four106.

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13 Major Projects in Downtown Bellevue Currently Under Construction

June 6, 2022

There are currently 13 projects under construction, according to the City of Bellevue. We highlighted each new development below.

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Schnitzer West Announces Plans for 19-Story Office Tower at Site of Old Rite Aid Location in Bellevue

May 26, 2022

Commercial Real Estate Agency, Schnitzer West, recently announced that they are planning a new development in Downtown Bellevue. 

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Bellevue Brewing Shares Update on Spring District Location, New Renderings

March 16, 2022

Local brewery, Bellevue Brewing Company, applied for a permit from the City of Bellevue in the summer of 2021. 

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Developer Says Construction Will Start Next Month at Long-Vacant Pit Across from Seattle City Hall

March 16, 2022

Work could finally begin on the long-vacant site across the street from Seattle City Hall, where economic downturn and political scandal derailed past development plans.

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Local Developers Partner to Build Affordable Housing Near Future Light Rail in Bellevue

March 9, 2022

SRM and local non-profit housing developer, DASH, recently announced a partnership to develop a 4.55-acre Bellevue site near the future light rail stop. 

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Bellevue Closes in as Most Expensive City to Live
in United States

March 7, 2022

According to statistics from Redfin, in January 2022, Bellevue median home prices were up 72.5% compared to last year. 

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With Help from Microsoft, Half-Built Bellevue Hotel to Become Affordable Housing 

March 1, 2022

Creating new affordable units in Bellevue at a variety of income levels is extremely challenging. It requires creative, intentional deals like this one.

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New Renderings Surface of Bellevue Connection on 106th Ave NE

February 24, 2022

New renderings have surfaced of the mixed-use project on 106th Avenue Northeast. Bellevue Connection is currently under construction.

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Prosperity Bomb 2.0? Bellevue Passes Manhattan in Housing Prices

February 10, 2022

For years Seattle has been in a high state of angst about the prospect that our fishing village was morphing into the new Manhattan. It turns out once-sleepy Bellevue was sprinting there first.

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Half Acre Site in Downtown Bellevue on Main Street Sells for $11M

January 27, 2022

According to King County records, the property that Rudy’s Barbershop currently resides on has been sold. The address is 10713 Main Street in Downtown Bellevue.

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Q4 Condo Real Estate Report for Downtown Bellevue

January 26, 2022

We interviewed Jason Foss of the NWG | Compass Team to learn of Downtown Bellevue’s most recent trends in the real estate market.

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Condo Real Estate Report for Downtown Bellevue

November 22, 2021

We interviewed Jason Foss of the NWG Team at Compass to learn of Downtown Bellevue’s most recent trends in the real estate market.

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Key Details for $500M+ Transit-Oriented Development in Bellevue Approved

November 21, 2021

Sound Transit Board of Directors recently approved key transaction terms with developers to build almost seven acres of transit-oriented development.

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Vacant Commercial Space Decreases in Bellevue Business District As Move-Ins Take Place through 2022

November 5, 2021

Rental rates for office space have reportedly increased, and the Eastside is predicted to return to pre-pandemic vacancy by early 2022.

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Construction to Begin Next Week on 20-story Bellevue Condo Tower

October 8, 2021

Developer Create World Real Estate Inc. will host a groundbreaking ceremony for the 20-story Mari at 10232 NE 10th St. It will have 138 residences &  commercial space.

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Bosa Development Purchases 3.3 Acre Site in Downtown Bellevue for $127.5M

October 6, 2021

According to King County records, internationally recognized developer, Bosa Development, purchased a 3.3. acre site in downtown Bellevue. 

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Luxury Condo Tower on Bellevue Way, One88, Officially Sold Out

August 18, 2021

Bosa Development, recently announced that they have sold out of their luxury residential tower, One88. 

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Residential Tower Planned Near Bellevue Downtown Park

August 17, 2021

Design review is under way for a new condo project on the corner of Bellevue Way Northeast and Northeast 2nd Street.

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$8M Bellevue, Washington Penthouse Breaks All-Time Pacific Northwest Condo Sale Record

August 16, 2021

Bellevue real estate has just recorded a record-breaking sale, with a three-bedroom condo in the Avenue Bellevue towers selling for $8.004 million.

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Condo Real Estate Report for Downtown Bellevue

August 9, 2021

We interviewed Jason Foss of the NWG Team at Compass to learn of Downtown Bellevue’s most recent trends in the real estate market.

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The Emerald Reaches 50% Sold

August 6, 2021

On the heels of reaching the significant sales milestone of over 50 percent sold at The Emerald comes the news that downtown Seattle’s population has rebounded. 

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Nine-Story Office Building Proposed in Bellevue’s Spring District

August 6, 2021

According to City of Bellevue records, an application for Design Review and Variance approvals have been submitted for Block 13 of the Spring District.

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Bosa Development Sells Former Site of Sushi Maru in Bellevue for $14.6M

August 3, 2021

According to King County records, the site that used to be Sushi Maru was recently sold for $14.6 million with Bosa Development as the seller.

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Newmark Completes $32.5M Sale of Bellevue Development Site on 108th Ave NE

July 30, 2021

Newmark announced that it has arranged the $32.5 million sale of the 34,335 square-foot development site at 305 108th Avenue Northeast.

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Vulcan Purchases MultiFamily Development Site in Bellevue for $17.9M

July 27, 2021

Vulcan, on July 23rd, the real estate company purchased a 1.4 acre development site at 1600 132nd Ave NE.

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Massive High-Rise Development Proposed in Bellevue Receives Design Review Approval

July 26, 2021

The largest proposed high-rise development in Bellevue, Cloudvue, recently received Design Review approval for the first phase of the project.

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A Robot Will Fetch Owners’ Cars Under This Seattle Condo Tower

July 20, 2021

Spire Condominiums will use an automation parking system to eliminate space-hogging ramps and driving lanes.

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Facebook Expands Footprint in Bellevue’s Spring District with Fourth Building Lease

July 8, 2021

Facebook has signed a pre-lease for its planned 330,000 square foot Block 5 project in the Spring District. 

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43rd Story Bellevue Towers Penthouse Lists for $17.98M

June 27, 2021

The condominium penthouse on the 43rd floor at Bellevue Towers was recently listed for $17.98 million. The home is 6,397 square feet, and comes fully furnished. 

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Schnitzer West Breaks Ground on 25-Story Office Tower in Bellevue on 106th Ave

June 26, 2021

Schnitzer West LLC recently broke ground on their new office tower, Artise.

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Plans for Mixed-Use Project  Announced at Previous Bellevue Toys ‘R Us Location

June 10, 2021

Hines, Benenson Capital Partners, and USAA Real Estate Partner recently announced that they were planning a new mixed-use project in Downtown Bellevue. 

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Proposed 21-Story Office Tower on 106th Receives Design Approval for Phase One

May 31, 2021

A Master Development Plan application was submitted to the City of Bellevue to replace 3 existing office buildings with an  office tower and office building.

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Amazon Reveals Design Plans for Second Skyscraper as Part of Major Campus Project in Bellevue

April 2, 2021 

Amazon has revealed its proposed design for a second office tower as part of its Bellevue 600 project.

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Construction on Amazon's Bellevue  Office Building Begins as Company Expands Presence on Eastside

March 31, 2021

Construction is officially underway for Amazon's sleek new Bellevue 600 office building as the company expands its footprint on the Eastside. 

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34-Story Luxury Condo Project on 108th Ave Receives Design Review Approval

March 11, 2021

The condominium tower is called “ParqHouse” and is located at 305 108th Avenue Northeast.

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Amazon Leases Another Bellevue Office Tower as it Makes Room for Planned 25k Employees in City

March 9, 2021

Amazon is making room for some of the 25,000 employees it plans to add in Bellevue, Wash.

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7-Tower Major Mixed-Use Development in Bellevue Submitted for Design Review

March 7, 2021

7-Tower Major Mixed-Use Development in Bellevue Submitted for Design Review

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The Penthouse Atop the Smith Tower is For Rent For The First Time

February 26, 2021

The penthouse atop Smith Tower is on the rental market for the first time.

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Downtowns Will Be Back, But Seattle Has Some Choices to Make

February 26, 2021

The two are intertwined, yet also separate because of some distinctive Seattle challenges.

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Bosa Development’s 21-Story Residential Tower on 105th Ave Receives Design Approval

January 29, 2021

Bosa Development's plans for a 21-story tower in Downtown Bellevue have received design approval. The address is 205 105th Avenue Northeast.

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Breaking Down Barriers to Small Condominium Construction 

January 25, 2021

Washington REALTORS® (WR) has made the improvement of condominium construction financing a top priority in 2021.

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For Sale: $6 Million Whidbey Island Compound Stocked to Withstand a Pandemic

November 21, 2020

For $6 million, one wealthy home shopper can buy some pandemic peace of mind in the form of a decked-out survival compound on a Whidbey Island bluff.

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Google Keeps Growing in Seattle Area, Agrees to Buy Nearly 10 Acres at a Car Dealership Site in Kirkland

November 19, 2020

Google’s footprint in Seattle just keeps on growing.

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Investment Giant Buys Office Building in Bellevue’s Spring District for $365 million

October 30, 2020

Brookfield Asset Management has closed on a deal to purchase an 11-floor office building in Bellevue’s Spring District.

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Covid-19 Has Created a Condo Conundrum in Downtown Seattle

September 14, 2020

For months now, Seattle home shoppers have had to weather an unrelenting seller’s market.

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Facebook Purchases REI’s Bellevue Spring District Headquarters for $390M

September 14, 2020

REI Co-op announced that it has completed the sale of its Spring District property, for a purchase price of $390 million.

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Amazon to Grow Bellevue Presence to 25,000 Employees in a Few Years

September 4, 2020

Amazon outlined a plan Friday to accommodate 25,000 employees in Bellevue by 2025, the same number it’s expected to employ at its second headquarters in Virginia by 2030.

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A Novel Building Material Gets a Big Washington State Test Run

August 28, 2020

Spokane is now home to Washington’s first-ever office building constructed from a novel alternative to concrete and steel.

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Google Buys More Land in Kirkland as its Seattle-area Workforce Nears 6,000 Employees

August 24, 2020

Google continues to grow its Seattle-area footprint despite the ongoing pandemic.

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New 6-story Mixed-Use Development on 109th, GIS Plaza, Breaks Ground

August 3, 2020

GIS Plaza, the mixed-use six-story development in Downtown Bellevue, recently broke ground. 

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21-Story Condo Building Proposed on Bellevue Way Next to Bellevue Park

February 9, 2020

Bosa Development recently submitted a preapplication, which comes before a submittal of a land use review, to the City of Bellevue.

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The Real HQ2: Amazon Adding 10k More Jobs in Bellevue, Growing Further Beyond Downtown Seattle

September 4, 2020

The city of Bellevue, Wash., is looking more and more like Amazon’s actual second headquarters location.

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