This is pretty darn close to DT Bellevue. If DT Bellevue keeps growing, the Lake Bellevue area is probably the next step after the areas west of 405 fill up.
SLU has been a great success but it had a lot going in it's favor (streetcar, nexus of two major thoroughfares in Mercer and Westlake, proximity to downtown) so it was inevitable that'd it eventually develop.
First the jobs, then the residential. Certainly not a place I would want to live if it wasn't for work.
I wish I could say I like it but there is nothing remotely attractive or inviting about this place. Nothing but concrete slabs and what almost looks like "commie" housing designs.