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New timeline set for Bellevue’s $115M riverfront project

Summary by LINK Nky
What you need to know Bellevue’s long-discussed $115 million riverfront redevelopment with Neyer Properties is delayed again due to rising interest rates and financing challenges. The city’s planned $7.8 million parking garage ballooned to $13 million as rates jumped, forcing redesigns and scaled-down plans. Bellevue officials now expect construction to begin in about a year, with a smaller $10 million garage and fewer amenities. A long-promise…
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LINK nky broke the news in on Monday, August 18, 2025.
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