The second phase of development at the Wilburton Village in Bellevue is underway following an April 2 groundbreaking.
The first phase of the project was completed in September 2016 and houses an REI, Trader Joe’s and a HomeGoods on Northeast 4th Avenue and 116th Avenue Southeast, the second phase will be built directly to the south. Anchor tenants for the new development include a PCC, Target, Dave & Buster’s and a Virginia Mason with a combined space of 161,600 square feet and an additional 13,000 square feet of street-front retail space and more retail on the third floor. The project will have around 700 parking stalls.
PCC will take up 26,000 square feet on the ground level, marking the co-op’s fourth Eastside location. The small Target will be housed in 49,000 square feet on the third floor along with a Dave & Buster’s and an unnamed tenant. Virginia Mason will take over 45,000 square feet on the fourth floor for its clinic, which will be relocating from its current Bellevue location.
A plaza with seating will be constructed on the corner of Northeast 4th Avenue and 116th Avenue Southeast. The development will connect with the Eastside Rail Corridor, which runs along an old railroad line and will ultimately run from Renton to Snohomish County.
The project architect is MG2, with contractor Bayley Construction building out the development. Principal Real Estate Investors manages this project, along with $77 billion in commercial real estate assets in its portfolio.
The announcement comes as PCC has stated their intention to open five additional stores in the Seattle area by 2020, bringing the total number to 16. Current locations on the Eastside include stores in Kirkland, Issaquah and Redmond, with planned stores in Ballard, downtown Seattle and Madison Valley and a reopening in West Seattle.
The Wilburton Village development’s Target is part of a new wave of development from the box store brand, which is planning to open three small-format stores in Seattle’s University District and Ballard as well as Bellevue. A press release from the company said they are a continuation of the store opened in Pike Place Market with a smaller footprint.
The different Target locations will offer items tailored to the local market. Bellevue’s store will feature merchandise including apparel and health and beauty products while Ballard’s store will focus on baby and children’s products, home essentials and beauty products. The University District store will stock a variety of portable technology and dorm and apartment products.
All the stores will offer order pickup, allowing customers to order online. The Bellevue store will employ 125 people.