project); two key arts and convention venues. With 60% job ... transplants Purple Café and Wine Bar, Cupcake. Royale, T
5
11101 NE 9th Street Bellevue, WA
Urban life done right in downtown Bellevue
Tap an underserved market In the midst of a bustling downtown setting, Alley111 offers access to a built-in, diverse customer base including highly educated technology workers and high-income Alley111 residents. This foundation offers retailers access to a deep pool of target customers from sunrise to sunset and beyond. The Alley represents a departure from the known Bellevue retail experience. Situated within a Class-A, 260-unit, twelve-story residential tower molded with European style, the Alley provides a compelling sense of arrival, easily accessible parking and neighborhood connectivity. Intentional indoor and outdoor settings provide space to pause, engage and unwind in a small-scale, tactile urban environment set in the heart of the vibrant retail landscape of the Bellevue CBD.
Compelling market Located minutes from Seattle and accessible from major thoroughfares, Alley111 is surrounded by 45,000 daytime employees with Microsoft, Expedia, Paccar, Symetra, and Puget Sound Energy among others. Downtown Bellevue is home to the Bellevue Arts Museum and the Meydenbauer Center (located steps from the project); two key arts and convention venues. With 60% job growth between 2004-2012 and substantial new office and residential development in process or planned, demand for new retail offerings will only increase. Alley111 is prominently located in one of the wealthiest zip codes in the nation. Bellevue continues to witness a demographic shift towards greater diversity and internationalism, with a dramatic decrease in the average downtown
resident age from 57 to 34 over the past decade. Bellevue retail benefits from the buying power of millions of annual visitors, 2,400 hotel rooms at the Westin and Hyatt among others and the impact of the Bellevue collection; one of the nation’s premier destination retail centers that draws thousands from across the region daily. The downtown Bellevue restaurant scene continues to evolve to accommodate the modern demand and preferences of customers who live and work on the Eastside. Alongside established restaurants such as Bis on Main and Daniels, new offerings have emerged over the past 10 years to capitalize on growing demand, including Seattle transplants Purple Café and Wine Bar, Cupcake Royale, Top Pot Doughnuts, Black Bottle, Wild Ginger and Monsoon among others.
100TH AVENUE NE
NE 12TH STREET 112TH AVENUE NE
BELLEVUE WAY NE
Bellevue Place
19
Overlake Medical Center Lake Bellevue
14
Group Health
Whole Foods
18
NE 8TH STREET Lincoln Square
3 4
1 5
12 7 17
Bellevue Square Bellevue Arts Museum
1 Meydenbauer Center
22
FUTURE EAST LINK LIGHT RAIL
Bellevue Transit Center
11 20 9 21
13 16
1 2 8 15
City Hall
1
MAIN STREET
110TH AVENUE NE
Downtown Park
2. Expedia
6
2
MAJOR EMPLOYERS NEAR ALLEY111 1. Microsoft
NE 4TH STREET
3. Symetra 4. Paccar
10
116TH AVENUE NE
Lincoln Square II
The Bravern
12. KeyBank 13. Caradigm 14. CH2MHill 15. Trip Advisor
5. Eddie Bauer
16. HDR Engineering
6. Puget Sound Energy
17. Motricity
7. Concur Technologies
18. Apptio
8. Valve
19. Blucora
9. Drugstore.com
20. Oracle
10. Market Leader
21. Ebay
11. Bungie Studios
22. HNTB Corporation
Where Northwest meets modern
Retail Space Configuration: OPTION A
Option A
Retail Space Configuration: OPTION B Option B
Retail Site Plan
RETAIL PARKING RETAIL ENTRANCE
ADDITIONAL RETAIL PARKING
LOADING DOCK
ELEVATORS
3
LOBBY
SUITE A 740 SF
52’
TRASH
3
GREASE EXHAUST SHAFT TO ROOF
SUITE B 2,040 SF
SUITE C 1,360 SF
SUITE D 1,879 SF
DELIVERY ACCESS
LEASING
NE 9TH STREET
32’
130’
LOBBY ENTRANCE
ENTRANCE
ENTRANCE FIRE PIT
RETAIL SIGN
EM TO EN T
RETAIL SPECIFICATIONS: • Ceiling height in Suites B, C & D: 14’ 11” • Ceiling height in Suite A: 17’ 5” • Deliveries and waste disposal at loading dock • Utilities stubbed to grid line 3 • 780 SF of covered outdoor seating [6’ x 130’]
S
NE 110TH STREET
EL
NE 8TH STREET
RESTROOMS
BIKE STORAGE
GARAGE ENTRANCE
FITNESS CENTER
Project details AREA
Up to 5,279 sq. ft. (suites B, C and D) with the ability to vent for a type 1 hood
ASKING RENT
$36.00 per sq. ft + NNN
NNN
$7.50 per sq. ft.
TENANT IMPROVEMENTS
Negotiable
PROJECT COMPLETION
September 2015 (Tenant TIs to start June 2015)
PARKING
40 parking spaces available for retail patrons
2014 demographics POPULATION DAYTIME POPULATION AVG. HH INCOME
½ mile
1 mile
3 mile
8,365
18,646
79,613
44,152
66,522
121,736
$99,014
$102,895
$123,610
For more information please contact: ANNE MARIE KOEHLER +1 206 292 6144
[email protected] www.cbre.com/annemarie.koehler
ERIKA KOEHLER +1 206 292 6075
[email protected] www.cbre.com/erika.koehler
CBRE, Inc. | 1420 Fifth Avenue, Suite 1700 | Seattle, WA 98101 | www.cbre.com/seattle © 2014 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. ejs 07-09-14
