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.
Streetcar? Link will go through here with multiple stops. True but Link won't reach the eastside til 2023 at the earliest. The streetcar was kind of a catalyst that kickstarted the SLU neighborhood.
Nexus of two major thoroughfares? It's very close to 405 and 520. Also true but there's no quick way to reach it from 405 or from 520 westbound. Mercer and Westlake go straight through SLU while 405/520 are on the outside fringes of the Spring.
Proximity to downtown? It's very close to downtown Bellevue, and has Microsoft not too far on the other side. it is close, but it is not directly adjacent like SLU is. This is why I made the comparison to the South Waterfront in Portland.
I think there's potential here. But yeah it might be hard to get it going at first. There's definitely some potential here but i still find it hard to believe that this project will be successful before light rail reaches it. I'm also a bit biased since I want all of the new office and multi family development in Bellevue to go in downtown first
Kemper is always hating..
Maybe we just need to get the city council warmed up to the idea of allowing developers to build on auto row first before seriously developing Spring Hill.
Wilburton Hill facing towards downtown Bellevue will provide little resistance to mid-rise developments on that waste of zoning on 116th.