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Page 1: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

RETAIL LEASING GUIDE

Page 2: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

EXCLUSIVE LEASING AGENT:

MARK C. ANDERSONSenior Vice President | Bellevue425.453.3117 | 206.850.3826 [email protected]

COLLIERS INTERNATIONAL11225 SE 6th Street | Suite 240 Bellevue, WA 98004www.colliers.com

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2018. All rights reserved.

Page 3: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

STUNNING GROUND FLOOR RETAIL SUITES AVAILABLE SPRING 2020 | 1492 - 3117 SF188 Bellevue Way NE, Bellevue, WA 98004

NOW LEASING

Page 4: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

A WORLD CLASS BUILDING

Located in the heart of Bellevue, Washington’s most distinguished luxury corridor, One88 is a visually stunning, new condominium tower featuring 147 residences above 12,677 SF of beautifully appointed retail suites.

Designed by Amanat Architect and developed by Bosa, One88 is the best of everything Bellevue.

Page 5: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

WORLD CLASS ARCHITECTURE HOSSEIN AMANAT - AMANAT ARCHITECT

Hossein Amanat has envisioned, designed and executed some of the world’s most distinguished architectural achievements. His firm, Amanat Architect, is known for integrating diverse culture and themes into distinctive structures sensitive to the surrounding landscape and community environment. One88 speaks to this commitment as well as the inspiration provided by the resplendent quartz crystal native to the Pacific Northwest.

Page 6: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

BELLEVUE WAY

405

NE 2ND ST

100TH AVE NE

KIRKLANDLAKEWASHINGTON

BELLEVUE DOWNTOWN PARK

Page 7: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

A WORLD CLASS LOCATION

According to Forbes Magazine, in 2017 Bellevue was one of the fastest-growing

cities in the United States, due in large part to its beautiful climate, spectacular

views, creative vibe, relaxed lifestyle, and the continuing acceleration of the technology

industry.

Bellevue Way, a major thoroughfare that runs north to south through the heart of the city, is

the focus of luxury retail. Storefronts with the best position on the street are understandably scarce as retailers compete to access the buying power of an influential population.

One88 is strategically located at the apex of activity where Bellevue Way intersects NE 2nd Street, with significant foot traffic throughout the day and approximately 40,000 vehicles passing by during the work week.

PUGET SOUND

WEST SEATTLE

SEATTLE CBD LAKEWASHINGTON

MERCER ISLAND

RENTON

NEWCASTLE

REDMOND

KIRKLAND

BELLEVUE CBD

405

405

405

90

90

520

520

5

5

5

ISSAQUAH

LAKESAMMAMISH

ELLIOTT BAY

SAMMAMISH

SEATTLE-TACOMA INTERNATIONAL AIRPORT

Page 8: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

A WORLD CLASS RETAIL SPACE

You’ve always wanted a store like this...

Distinctive storefronts, soaring ceilings, generous customer parking and beautiful streetscapes — everything dreamt of by the best retailers and brought to life in the retail suites at One88.

CORNER OF 105TH AVE NE & NE 2ND ST

Page 9: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one
Page 10: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

CORNER OF NE 2ND ST & BELLEVUE WAY NE

Page 11: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

RETAIL LEASING INFORMATION

One88’s five retail suites have exceptional storefront width to depth ratios, ceiling heights ranging from 22’

to 26’, and correspondingly tall storefront glass, allowing for creative marketing, inspirational window displays and high-

impact impressions for passing foot and vehicle traffic. The dedicated retail parking is especially generous and convenient.

SUITE # SUITE SIZE

1 3,058 SF2 2,877 SF3 1,492 SF4 3,117 SF5 2,133 SF

RETAIL PARKING SPOTS PARKING RATIO

57 Parking Stalls 4.5/1000

SUITE 2

SUITE 1

SUITE 3

SUITE 4 SUITE 5

RETAIL PARKING FLOOR 1 33 SPOTS

RETAIL PARKING FLOOR 2 24 SPOTS

2ND FLOOR

GROUND FLOOR

BELL

EVUE

WAY

NE

NE 2ND STREET (PARKING ENTRANCE)

ONE88 LOBBY

Page 12: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

A WORLD CLASS CITY

Bellevue, Washington is one of the best places to live and work in the United States. Its name literally means “beautiful view,” and the city’s dedication to balancing business with green space and the wellness of its populace is evident by its “City in a Park” nickname. The proposed Grand Connection, a sweeping vision for improving connectivity, urban amenities and experiences within Bellevue, will link Meydenbauer Bay Park on the waterfront to Downtown Park, Bellevue Way just across from One88, and the Bellevue Transit Center, among other destinations.

Bellevue’s CBD was recently rezoned to allow for grander buildings measuring up to 600’ in height and featuring substantially more public open space. A wave of high rises currently underway will transform the city’s skyline.

Page 13: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

TOP BELLEVUE CBD TECH OCCUPANTS

Much of Bellevue’s economy has been driven by the growing technology industry, which employs more than 24 percent of the city’s workforce. The Central Business District (CBD) is home to 216 tech companies, with more start-ups founded seemingly every day. Global giants such as Microsoft have called downtown Bellevue home for more than a decade and big names like Concur and Salesforce have planted flags. Amazon recently opened a new office downtown.

MICROSOFTSAMSUNGVALVESALESFORCEORACLEAMAZONCONCUR

EXPEDIAEBAYCISCOWEWORKBUNGEEAPPTIOBIT TITAN

ZILLOWALIBABAPACCARPOKEMONSONYLGSMARTSHEET

MAJOR BELLEVUE EMPLOYERSBELLEVUE COLLEGEEXPEDIAPUGET SOUND ENERGYBELLEVUE SCHOOL DISTRICTMICROSOFT

SYMETRA FINANCIALBOEINGNORDSTROMT-MOBILE USAOVERLAKE HOSPITAL

Page 14: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

405

80 +7200 +333

NE 8TH ST

NE 4TH STREET

NE 2ND STREET

MAIN ST

NE 6TH ST

BELL

EVUE

WAY

NE

NE 8

TH S

TREE

T

108T

H AV

E NE

110T

H AV

E NE

112T

H AV

E NE

107T

H AV

E NE

105T

H AV

E NE

106T

H AV

E NE

BELLEVUE DOWNTOWN

PARK

Page 15: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

A WORLD CLASS DESTINATION

Bellevue Way’s prestigious mix of retailers has made the street a destination for both locally-based shoppers and customers from across the Pacific Northwest. Among the major draws is the newly expanded, 5.6 million-square-foot Bellevue Collection, which is projected to host over 29 million annual visitors in 2019. The complex contains three luxury hotels, three office towers, luxury apartment residences, more than 200 retail shops, and 80 restaurants and cafes.

NE4TH STREET

116T

H AV

E NE

NE 8TH STREET

120T

H AV

E NE

MAJOR RETAILERS ON BELLEVUE WAY

KEY

RestaurantsCoffee & DrinksRetailBanking & ServicesFitness & HealthHotelsFuture Light Rail

ALVIN GOLFARB JEWELERS AMAZON BOOKSANTHROPOLOGIEAPPLE STOREARITZIAARMANI EXCHANGEBCBGMAZAZRIABOCONCEPTBOSEBROOKSTONEBURBERRYCAPITOL ONE CAFECHICO’S CINEMARK RESERVECOACHCRABTREE AND EVELYNCRATE AND BARREL DIANE VON FURSTENBERGDOMINOEXPRESSEXOFFICIO

FACONNABLEGODIVAGREEN LAKE CYCLE GUNNAR NORDSTROM GALLERYHABITANTHALL SPRASSOVE GALLERYHELLY HANSENHENDREDON & SCHOENERHUGO BOSSIMAXINTERMIXIVIVVA ATHLETICAJOHNSTON & MURPHYKATE SPADE NEW YORKLULULEMON ATHLETICALUSHL’OCCITANEMACYS

MAX MARAMICHAEL KORSMICROSOFT STORENORDSTROMTHE NORTH FACEOAKLEYPOTTERY BARNROBBINS BROTHERSSEPHORASOUL CYCLETESLATHOMASVILLE HOMETIFFANY & COTOMMY BAHAMATUMIURBANITYVICTORINOX SWISS ARMYWEST ELMWHITE HOUSE | BLACK MARKETWILLIAMS SONOMA

Page 16: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

DEMOGRAPHICS / CITY INFORMATION

CENTRAL AND ACCESSIBLE LOCATIONBellevue is well connected:

■ By car via I-90, I-405 and SR 520 ■ By light rail to be completed in 2023 ■ By future water taxi across Lake Washington ■ By numerous dedicated bikeways

VIBRANT BUSINESS ENVIRONMENT ■ The Bellevue CBD is in the midst of the largest

economic expansion in its history. ■ 136,000 professionals commute into the city daily. ■ Numerous office, residential and hotel towers are in

the planning and permitting stages to meet the high demand for downtown accommodations.

TECHNOLOGY HUB ■ Bellevue’s Global Innovation Exchange (GIX), sponsored

by Microsoft, the University of Washington, and Tsinghua University of China, offers a combined international Master’s degree in Technology Innovation and built-in resource for critical industry talent.

DEMOGRAPHIC HIGHLIGHTS2017 Estimations

Total Population 140,700Median Age 38.2Total Households 58,293

Age Distribution 2014 Survey - Under 18 20%

- 18 to 44 40%

- 45 to 64 25%

- 65 & Over 14%

Education Distribution 2015 Survey - HS Diploma 9.7%

- Some College 15.1%

- Associate’s Degree 5.2%

- Bachelor’s Degree 37.4%

- Graduate Degree 28.2%

Household Income 2015 Survey - <$75,000 39%

- $75,000 - $99,999 12%

- $100,000 - $149,999 17%

- $150,000 + 33%

DATA OBTAINED FROM CITY OF BELLEVUE PLANNING AND COMMUNITY DEVELOPMENT

LEADER IN URBAN PLANNING ■ Meydenbauer Bay Park is currently undergoing a major

expansion. ■ The signature “Grand Connection” will be a marvel

of urban visioning that promotes placemaking and connectivity via a non-motorized pathway between the waterfront, parks, transit options and Bellevue Way.

REVENUE DRIVER ■ Bellevue is a regional-shopping draw, generating $518

million in sales tax in 2018. ■ Growing population earning high incomes translates to

greater customer base with more disposable income.

CULTURALLY DIVERSE ■ 39% of Bellevue’s population was born in a foreign

country according to the 2015 US Census. ■ 34% of the population is Asian, which is the tenth

highest percentage in the nation for cities with 100,000 population or more.

STRONG HOMEOWNERSHIP ■ Out of the estimated 58,293 households within Bellevue,

53% of homes are owner-occupied. ■ By 2035, there will be an estimated 70,300 households

within the city of Bellevue.

BELLEVUE FACTS

Page 17: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

0 0 0 0

207,900

673,200

876,600

600,300

359,250

190,500

0

195,000180,000

14,200 17,750

196,500

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2017 2018 2019 2020

Bldg

. SF

Office Multifamily Hotel Retail

BELLEVUE CBD DEVELOPMENT TIMELINE BY PROPERTY TYPE

ECONOMIC GROWTH SCENARIO (150 SF PER OFFICE EMPLOYEE) Year Office Jobs Retail Jobs Hotel Jobs Other Jobs Total Jobs Total Residents2017 54,423 8,920 628 1,336 65,354 14,5672018 61,013 9,504 775 1,409 72,653 16,2112019 62,180 9,482 779 1,483 73,875 18,3652020 63,013 9,861 839 1,553 75,217 20,5192017-2020 Change 15.8% 10.5% 33.5% 16.2% 15.1% 40.9%Annual Avg. Change 3.9% 2.6% 8.4% 4.1% 3.8% 8.2%

65,336

72,653

73,875

75,217

14,567

16,211

18,365

20,519

10,000

12,000

14,000

16,000

18,000

20,000

22,000

55,000

58,000

61,000

64,000

67,000

70,000

73,000

76,000

79,000

2017 2018 2019 2020

CBD

Popu

latio

n

CBD

Jobs

CBD Jobs CBD Population

BELLEVUE CBD TOTAL POPULATION VS TOTAL JOBS

DATA OBTAINED FROM THE FUTURE OF DOWNTOWN BELLEVUE, PUBLISHED JANUARY 2018

Page 18: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

WE HAVE EVOLVED FROM PROJECT BUILDERS TO CITY BUILDERS, AND WITH THAT COMES A GREATER RESPONSIBILITY. WE PRIDE OURSELVES ON THE HOMES AND PROJECTS WE DEVELOP, BUT WE HAVE TO THINK BIGGER – BUILDING SUSTAINABLE, PEDESTRIAN-CENTRIC COMMUNITIES THAT SEAMLESSLY INTEGRATE PUBLIC SPACES, RETAIL, OFFICE AND RESIDENCES. HOMES INTEGRATED WITH PARKS, COFFEE SHOPS, OUTDOOR PLAZAS, GROCERY – THIS IS WHAT MAKES URBAN LIVING UNIQUE AND GUIDES OUR APPROACH TO DESIGN.

-RYAN BOSANAT BOSA FOUNDER AND CHAIRMAN, BOSA DEVELOPMENT RYAN BOSA PRESIDENT, BOSA DEVELOPMENT

Page 19: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

ABOUT THE DEVELOPER (BOSA)

For over half a century Bosa Development has played a visionary role in raising the profiles, standards and skylines along the West coast from Vancouver to San Diego.

Approaching each new development with equal attention to form and function, they are recognized for creating peerless luxury living experiences with local distinction and exemplary quality.

PIER WEST - NEW WESTMINSTER

THE ROYAL - CALGARY

PACIFIC GATE - SAN DIEGO

Page 20: RETAIL LEASING GUIDE€¦ · of the world’s most distinguished architectural achievements. His firm, Amanat Architect, ... According to Forbes Magazine, in 2017 Bellevue was one

LEASING AGENT

MARK C. ANDERSONSenior Vice President | Bellevue425.453.3117 | 206.850.3826 [email protected]

COLLIERS INTERNATIONAL11225 SE 6th Street | Suite 240 Bellevue, WA 98004www.colliers.com