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Portland State University. School of Business Administration. Center for Real Estate, City planning -- Washington -- Bellevue


Sustainable Venture Partners (SVP) is seeking Investment Committee approval for The Lighthouse, a mixed-use multifamily and retail building to be located in downtown Bellevue.

The Lighthouse sits at the northeast corner of the intersection of NE 8th Street and 102nd Avenue NE. The parcel is currently owned by McAusland Real Properties LLC. The Lighthouse is proud to be the first cross laminated timber building (CLT) in downtown Bellevue. The Lighthouse has one core theme: to be the beacon in Bellevue of innovative, sustainable and memorable design. The Lighthouse is a 221,942 GSF nine-story mixed use residential project with 121 residential units, 8,142 GSF of Class-A active use retail, and two levels of underground parking for 178 vehicles, and 60 bicycles. Ground level retail tenants will be located on the 8th Street frontage, while the residential lobby will front 102nd. An outdoor community open space is housed in the courtyard to the northeast of the structure. Apartments are situated on floors two through nine. The nine story mass timber building will have magnificent protected views to the southwest and west with views of Meydenbauer Bay, Lake Washington, and Downtown Seattle.

The Lighthouse will pay homage to the history of the Pacific Northwest’s timber industry and serve tomorrow’s tech and environmental innovation for which Washington and Bellevue are renowned for. The look and feel will honor the Northwest with minimal, modern, and natural designs. This property has been family owned for many years and its tenants have offered a gathering place for the community of Bellevue, we look to continue this tradition. The Lighthouse will serve as a beacon for individuals and families looking to put their roots down in a natural, healthy and beautiful home in the heart of Bellevue.


Each winter and summer, a team of students from Portland State University’s Master of Real Estate Development program are tasked with creating a development program for an existing site in the Portland or Seattle region. These teams produce a development concept through ingenuity, research, and consultation with experts in the real estate industry. NAIOP has generously sponsored our team and provided a venue for us to present our plan to the public.

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