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12th Place Development
Under Contract
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Site Details
Development Details
Opportunity
12th Place Development Site is a fully-entitled, 274-unit multifamily development site located directly adjacent to Bellevue’s transformative Spring District — a 36-acre, transit-oriented master plan anchored by Meta, Snowflake, and the Global Innovation Exchange.
With immediate light rail access, proximity to Amazon’s 25,000-job Eastside expansion, and positioned within one of the most supply-constrained and highly educated submarkets on the West Coast, 12th Place offers investors an unparalleled opportunity to deliver Class-A multifamily product at the center of Bellevue’s next phase of growth.
Building Highlights
- 7-story mixed-use design
- 274 market-rate units
- Runberg Architecture design
- Rooftop, lounges, fitness, bike storage, outdoor spaces
- LEED GOLD Certified
- Direct access to Light Rail and trails
- Structured parking
- Walkable to retail, dining, parks, open space
Location
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12th Place Development
1445 120th Ave NE
Bellevue, WA 98005
Units: 274
Price: Pending
Location Overview
Bellevue. Tech Powerhouse. Luxury Market. Investment Magnet.
Bellevue is the economic engine of Seattle’s Eastside—home to global tech leaders, affluent residents, and a vibrant urban core. With more than 150,000 jobs and a median household
income exceeding $160,000, the city attracts both businesses and talent at a national scale.
Major employers include Amazon, Microsoft, T-Mobile, Meta, Overlake Medical Center, Salesforce, and TikTok. Bellevue’s dynamic downtown is anchored by The Bellevue Collection, a premier mixed-use destination offering 200+ retail shops, restaurants, luxury hotels, and entertainment options. Paired with the upcoming East Link Light Rail, Bellevue offers unmatched access, amenities, and long-term growth fundamentals—making it one of the most desirable investment markets in the Pacific Northwest.
$180K
Average Annual Household Income
5
of Washington's Wealthiest Zip Codes
71%
of Adults hold a Bachelors Degree or Higher
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