A fully entitled, shovel-ready multifamily development site at 1445 120th Avenue NE in Bellevue has been brought to market. Known as the 12th Place Development, the 84,961-square-foot parcel is located adjacent to the 36-acre Spring District master-planned neighborhood and is being offered on a market-pricing basis. Kidder Mathews is managing the listing on behalf of the current ownership. The property has an issued Master Use Permit as of October 3, 2024, and is planned for a 274-unit, market-rate mixed-use project designed by Runberg Architecture Group. The development plan includes 214 structured parking stalls, rooftop and lounge amenities, fitness areas, bike storage for 31 bicycles, and outdoor spaces.

According to the offering materials, the proposed 7-story project will be LEED Go

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