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Silverstein Capital Partners Closes On $700,000,000 Construction Loan For Mixed-use Development In Bellevue

Silverstein Capital Partners Closes On $700,000,000 Construction Loan For Mixed-use Development In Bellevue
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Silverstein Capital Partners closes on $700M west coast construction loan


Silverstein Capital Partners (SCP), Silverstein Properties’ real estate lending platform, closed on a $700 million construction loan on Avenue Bellevue, a 1.1 million-square-foot mixed-use project in Washington State. The deal marks SCP’s first construction financing loan on the West Coast.
Avenue Bellevue combines the first InterContinental Hotels & Resorts in the Pacific Northwest, 365 residential condominiums spanning two towers, and 73,000 square feet of retail and fine dining.
Regarded as one of the premier urban office, retail, and residential markets on the West Coast, Bellevue boasts a highly educated workforce, stunning physical environment with water and mountain views, and diversified employment base. The new development is located near the Bellevue downtown station of the new East Link Extension, the Seattle to Redmond light rail line scheduled to open in 2023. ....

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A man-made wonder: The challenges of building the I-90 rail bridge in Washington State


December 30, 2020
A man-made wonder: The challenges of building the I-90 rail bridge in Washington State Written by Bill Wilson, Editor-in-Chief
The I-90 rail bridge in Washington State presented some of the most complex problems in bridge construction history.
Orchestrating a mosh pit cannot be easy. One needs to make sure all the participants providing stabilization are in perfect sync, and even if it is performed at a high level there is still worry that an untimed arm drop could create a disaster. 
Workers on the floating bridge in Washington State must have felt like they had to execute this mass coordination day after day. Even when you are dealing with obtrusive concrete pontoons, the delicacy required is equal to walking into a sea of upright hands.  ....

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