Bellevue’s biggest cleared block at 112th Avenue Northeast and Main Street is not planning to sit empty for long. A four-tower, roughly one-million-square-foot office campus called Belle Vista has been resubmitted to the City of Bellevue and is back in design review. The project would occupy the entire block where the Sheraton, Bellevue Grill and Azteca once stood, with developers lining up two office towers in an initial phase and two more after that, all sitting on ground-floor retail, public plazas and a large below-grade garage.
According to Downtown Bellevue Network, the latest design-review filing for the project at 100 112th Ave. NE outlines two 14-story buildings in phase one and a second phase with one 14-story and one 13-story tower. The site plan runs from 112th Avenue NE to 114th Avenue NE, between NE 2nd Street and Main Street, and would deliver more than 1 million square feet of office space plus street-level retail and restaurants. The submission leans heavily on pedestrian features, including a through-block pathway and landscaped plazas aimed at bringing more foot traffic and energy to 112th Avenue.
What’s planned
City permit filings show the master plan includes underground parking for about 2,100 vehicles and several public plazas along Main Street and NE 2nd Street, together with ground-floor storefronts on 112th Avenue NE, according to City of Bellevue records. Construction is set up in two phases so the southern pair of towers can rise first while the northern pair follows. Municipal documents also log the earlier demolition approvals that cleared the existing hotel and restaurants from the block, setting the stage for the current proposal.
Where the project stands
Permit systems show the Belle Vista team filed an administrative design-review reissuance earlier this year, a procedural move meant to keep project entitlements alive while design work continues. The city’s permit portal lists an ADR reissuance application dated Feb. 18, 2026, and notes extended vesting, including a 10-year Master Development Plan vesting through Sept. 21, 2033, and Administrative Design Review vesting through Sept. 21, 2029, per permit records. That paperwork lines up with the resubmittal and signals that the developer is actively maintaining approvals while it weighs when to move into full-scale construction.
Developer and the sale
Public-sale records indicate the site changed hands in 2021, with a Newmark press release putting the purchase price at $152.5 million and describing the property as a master-plan development site. Newmark reported that the parcel, marketed at the time as Belle Vista Place, already had substantial design and entitlement work completed. The Puget Sound Business Journal previously noted that Tishman Speyer submitted plans for a four-tower campus at 112th and Main, the same developer named in city filings, as covered by Puget Sound Business Journal.
Why it matters for downtown Bellevue
Dropping a one-million-square-foot campus into the core would be a major addition to Bellevue’s Class A office supply at a time when developers are watching demand and entitlements very closely. Market data show the Eastside and Bellevue central business district have seen choppy vacancy and leasing trends, with tenants taking their time on big commitments. Cushman & Wakefield’s Q1 2025 MarketBeat pegged Bellevue CBD office vacancy in the mid-teens, offering a snapshot of local absorption and space availability. Cushman & Wakefield data help explain why a developer would keep entitlements intact while waiting to see how tenant demand shakes out.
Next steps and timeline
The design-review resubmittal now heads through the standard city staff evaluation and public-review process. Project documents indicate that phase-one construction could begin as early as 2026, with work stretching through 2030, according to Downtown Bellevue Network. The developer has outlined a phased approach that keeps most of the below-grade parking and utilities coordinated across the full block. For anyone trying to track the exact timing, city planners and the project’s listed contacts remain the key sources as the resubmittal works its way through review.
