Business

Investment company moves on to next plan for Wilburton area

This rendering shows what a two-story retail structure proposed by KG Investment Management would look like at the corner of 116th Avenue Northeast and Northeast Fourth Street. - Fuller-Sears Architects
This rendering shows what a two-story retail structure proposed by KG Investment Management would look like at the corner of 116th Avenue Northeast and Northeast Fourth Street.
— image credit: Fuller-Sears Architects

The Target Corporation may have scrapped plans for a new retail center in Bellevue's Wilburton subarea, but that isn't stopping landowner KG Investment Management from moving forward with another large development across the Fourth Street extension.

Target Corp confirmed earlier this month — after months of litigation with the city to expedite construction and amend the city's land use code — it was pulling out of plans for a three-story retail store at the corner of Northeast Fourth Street and 116th Avenue Northeast.

Since then Landowner KG Investment Management has requested a pre-application meeting with city staff to discuss its plans for Bellevue North — a two-story, 81,785-square-foot retail building at the old Dodge of Bellevue site at 316 116th Ave. N.E.

Plans submitted to the city of Bellevue for review include a two-story, 314-stall parking structure and renderings for the main building, but does not illustrate what new tenants may occupy Bellevue North.

"I don't think they've actually narrowed down who the retailers will be," said Tom Jordan, project manager with Fuller-Sears Architects. The structure will make room for three retail spaces, he added, with one large store likely on the top and two on the ground floor.

City Council already cleared the way for the project by amending its land use code to allow larger structures in the Wilburton subarea and rezoning KG Investment parcels on 116th Avenue Northeast to commercial business, which was done at the time with the understanding the Target project was still viable. A pre-application meeting with the city is set for July 30.

 

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