The developer of a proposed luxury hotel across the street from Bellevue’s Downtown Park has put the site up for sale.
Hydra Developments of Bellevue is asking $5.75 million for the 0.35-acre property at Northeast First Street and 102nd Avenue Northeast, according to a listing posted on the Commercial Brokers Association’s website Thursday.
Hydra, a real-estate arm of an Abu Dhabi-based consortium, bought the site in 2007 and originally proposed a luxury condo project there. After the real-estate crash it replaced that with a plan for a nine-story, 108-room hotel called the Bellevue Park.
City planners approved the building, but a city official said last fall there had been no recent permit activity.
Most Read Business Stories
- Retail survivors: How four family-owned Washington shops have made it in the Amazon era
- The latest pricing glitch spooked Vanguard shareholders | Your Funds
- I shared my phone number. I learned I shouldn’t have.
- Zombie debt: how collectors trick consumers into reviving dead debts
- Apartment owners race to add luxury amenities
Hydra executives did not return calls or an email Thursday.
Eric Pryne: firstname.lastname@example.org or 206-464-2231