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Report: Target may defer Bellevue project
After months of litigation that has culminated in the city of Bellevue advancing its plans for the Wilburton Subarea to include a three-story Target store, reports are that the Target Corporation has decided to defer the project.
Target has not yet officially confirmed deferment of the project, but a spokesperson for the corporation told the Bellevue Reporter it is putting together a release of information following an inquiry by the Reporter, which was notified via an anonymous source familiar with the project.
Target Corporation had planned to build a 137,000-square-foot storefront at the corner of Northeast Fourth Street and 116th Avenue Northeast, and the council on Monday held a public hearing ahead of a July 7 decision to amend the land use code and enter a development agreement for the project.
The decision comes months after litigation with property owners on the site spurred by Target Corporation's desire to begin construction on the project ahead of completion of the Northeast Fourth Street extension, which had been intended to be the starting signal for redevelopment in Wilburton. A settlement agreement approved in May cleared way for the city to cut through the Best Buy and Home Depot parking lot to connect Fourth from 116th to 120th Avenue Northeast, but also committed the city to allowing Target to move ahead with its construction plans.
Target had submitted its design for review and anticipated starting construction in July, with a completion goal of October 2015.