Like Seattle, condominiums in downtown Bellevue also suggested rather positive sales trend the first quarter as well. Here is some statistics for the three remaining new construction condominiums in downtown.
” 1. Bellevue Towers
Sales Activity 2012: 55
Total Sales %: 58% Sold

2. One Main Street
Sales Activity 2012: 6
Total Sales %: 96% with 5 homes remaining

3. Washington Square
Sales Activity 2012: 55
Total Sales %: 58% sold.

Links:
First Quarter 2012 Seattle Condo Report
Seattle “New” Condo Round-Up

According to the New York Times, Amazon has single handedly driven down the vacancy rate in the area by 12.4%.  Along with driving down vacancy, Amazon has sparked new found interest in further developing the South Lake Union Area.  The development has caught the eye of Grey Star Real Estate Partners and preliminary paperwork has been filed for the construction of a 7-story, 290-unit apartment complex directly across the street from Amazon’s headquarters.

Exciting news for Eastsiders! Foodies can look forward to a NEW dining experience in downtown Bellevue at Koral Bar & Kitchen! With delicious, yet comfortable plates such as truffle fries, specialty sliders and homemade gnocchi, Koral is designed as an “American kitchen” with upscale bites and an inviting, comfortable feel. Koral also serves weekend Brunch for those wanting another Breakfast option!  Let us know how Koral stacks up to your other favorite Bellevue eateries.

Jeff Reynolds of Urban Condo Spaces has reported that the first quarter of 2012 will be quite impressive in terms of Seattle condo sales.  He also predicts that the market could be moving in favor of sellers with more and more condos available under the $400,000 price point.  Check out his article to find out more about the predicted upward trends and the Cristalla condos’ gold medal-worthy sales.

When the original LunchBox Laboratory opened in Ballard years ago, it made news as a burger shack unlike any other, with its over-the-top flavors and use of high quality ingredients, and now that it’s come Eastside, it’s prepared to satisfy and entertain food fans with its unique blend of flavor and nostalgia. Bellevue’s LunchBox Laboratory has both a restaurant and a full bar, with their hours easy to remember – open daily, 11 to 11. LunchBox Laboratory is located at the base of 989 Elements apartment building.

The company’s impact  on downtown Seattle is evident in the vast array of new shops, restaurants, and entertainment available in South Lake Union.  Plans for the Denny Triangle space include three separate office towers with 1 million square feet of office space each.  If built, the three buildings would contain nearly twice as much office space as the Columbia Center, Seattle’s tallest building. The move would double Amazon’s presence in South Lake Union, creating a likely increase in pressure for rentals and homes for sale in the area.

The Downtown Seattle Association is making a big push for younger families to remain in the downtown area when their children reach school age.  The association is working on two major initiatives in order to facilitate the push including plans for an outdoor play area and a downtown elementary school.  With more and more young tech prodigies moving to the Seattle area, it makes sense that the city should make room for their families as well. Visit www.seattletimes.com for the full story.

The residence at Four Seasons in Downtown Seattle has brought 11 of their units back up for grabs.  The price tags on these units are showing drastically lower numbers as compared to the last time they were on the market.  The Four Seasons has a total of 12 condos available ranging from $1,475,000 to $7,155,000 (1,170-4,488 sq. ft.).