1st Bellevue Condo in Almost 10 Years

A rendering of One88 building’s exterior.  Photo: Bosa

One88, the first Bellevue condominium tower construction in almost a decade, has opened their sales gallery and a model unit vignette for preview. To be built at 188 Bellevue Way NE, One88’s 143 residences will strive for high-end, luxury living within easy walking distance of work, businesses, and urban life. There is definitely interest in this building: 1,300 prospective buyers and brokers attended the open house on January 20th.

Photo: Bosa

Bosa, the project’s developer, brought to fruition the high-amenity, 698-unit Insignia mixed-use building, which was also the first condo development for downtown Seattle in 5 years. Bosa is working with Amanat Architect, an international firm also located out of Canada, on One88. The building exterior was created to simulate the multi-facets of a quartz crystal, which is mined in our region. At the moment, the building’s view is unhampered in all directions, including overlooking Lake Washington and Downtown Park to the west. Some units also feature balconies, in which the building’s architectural shape acts as a wind break and makes it possible to use the balcony year-round, through a retractable window.

Left: Rendering of One88 residence. Right: One of the outside terraces.  Photo: Bosa

The interior design firm of Hirsch Bedner Associates (HBA) from California has won awards for hotel design and was selected for this building. Interiors will be mostly muted brown, tan, and gray throughout, with an ultra modern feel, and slate-like surfaces.

Some of the amenities at One88:

  • 24-hour concierge that will hold your delivered packages and arrange a wide array of personal services for tenants
  • revolving artwork displays in lobby
  • wi-fi throughout the amenities areas
  • saline swimming pool/spa, plus sauna and steam room
  • full workout center with virtual fitness/yoga area and locker room
  • two lounges and work areas
  • private dining room with chef-level appliances
  • two outdoor terraces with grass, grilling islands, and seating
  • a cheerful children’s play area
  • pets allowed

Currently, a 1-bedroom (752-810 sf) starts in the low $800,000s + HOA dues. Three-bedrooms (1,688-2,948 sf) range from $2.2 million to $2.4 million and above (for a penthouse), plus dues. Private sales are going on right now, and public sales begin March 10th.




Bellevue To Get First Condo Project In Nearly A Decade

Over the last decade or so, Bellevue has really been coming up in the world. What was once known primarily as Seattle’s sister city on the East Side is rapidly becoming a full-fledged metropolis in its own right, and the skyline is expanding daily.
While apartments, office buildings and town-homes have been popping up all over the East Side for the last several years, there (surprisingly) has not been a condominium development in Bellevue in almost a decade.
With condo sales reaching new highs in the greater Seattle area of late, it’s surprising that Bellevue hasn’t seen any new condo complexes dotting its skyline, that is until plans for One88 were recently announced.

Bosa Development, the Vancouver B.C. based company and the folks behind Seattle’s already successful Insignia condo towers, has set their sights on Bellevue to build a 21-story condo development, dubbed One88.

One88 is slated to open in 2019 and will feature 143 condominiums. Units will range from 1-bedroom to penthouse units. The luxury condo project will break ground next year at Bellevue Way Northeast and Northeast Second Street, putting it in a prime location near Bellevue Square and Downtown Park.

The announcement of the One88 project is a big deal for Bellevue, as there has not been a new condo development in the city since 2008. After the housing market crashed, condo sales were severely down. So much so in fact that many condo developments were turned into apartments with developers finding renters easier to acquire than buyers.

But, times have changed. Condominiums sales have been on the rise in recent years all over the greater Seattle area. Home-buyers are turning their heads in this direction more and more as single family home prices continue to soar throughout the city, and nationwide as well. And while condos may prove to be a more affordable option there are not enough available to keep up with demand. You may remember the group of people camped out over night to buy condo units in a building that has yet to break ground. If that’s any indication, condo sales are poised to explode even further in the coming years.

One88 is touted as a luxury development which suggests that the units will be on the pricey side, and, as it is a Bosa Development project, is sure to have a host of outstanding amenities and a stylized aesthetic to boot.

Information about the project is limited at the moment, but more will become available as the project progresses. If you’re looking for your piece of the Bellevue skyline, stay tuned.