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JASON FOSS
IN THE NEWS
Bellevue Real Estate Expert Jason Foss on Office Vacancies, Condo Market Trends, & Future Developments
August 16th, 2024
Foss discusses the current state of the residential real estate market in light of vacant office spaces, particularly from Microsoft’s pullback. He also examines the demand for new condo offerings, highlighting the challenges in the market due to higher interest rates and economic uncertainties.
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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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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