SOLD: $10.4M Bel-Red Development Properties

SOLD: $10.4M Bel-Red Development Properties
$10,400,000 | 61,349 SF | $168.49 PSF

 

15248 & 15260 Bellevue-Redmond Road, Redmond, WA

 
Sale Highlights

AGM sourced the land and the idea of re-developing the two adjoining Overlake properties to one of the nation’s leading multifamily development companies. After a standard development feasibility period, our client acquired the two properties totaling 1.41 acres for $10,400,000, closing on April 30th.

The proposed 288-unit mixed-use project (gross residential 252,614 SF, parking 95,668 SF, and commercial 4,100 SF) is currently under design review with the City of Redmond.

The City of Redmond has more information on the proposed project here.