Binjiang Limited Partnership and Molasky Group of Companies are partners on a new 102-unit multi-family development in Bellevue, WA called Bellevue 10. The general contractor is Osborne Construction, and the architect is Link Design Group. The expansion of Amazon, Microsoft, and other tech companies to the City of Bellevue has created a need to develop quality for-rent housing. Tech companies locating to the area want modern housing options to attract the best and brightest software engineers and research scientists to the region and Bellevue 10 will contribute to the growth happening in the market.
The 16,674 SF multi-family development site at 10050 NE 10th Street in Bellevue sold for $11.26M. The development costs for the 7-story, 102-unit development is $53M. The project will come on-line in 2021.