JTM starts on Pagliacci replacement condos

08.31.2021 | Daily Journal of Commerce

JTM Construction has removed the vacant old Pagliacci building on the corner at 8 100th Ave. N.E., in Old Bellevue. All the necessary permits appear to have been issued for the six-story boutique condominium project, which was designed by Compton Design Office.

The corner site, at Main Street, traded for $5.4 million three years ago to an LLC associated with investors Roger McCracken and Rodney Olson, of Paramount Hotels. Their team also includes MG2, consulting architect; Coughlin Porter Lundeen, structural engineer; KPFF, civil; Site Workshop, landscape architect; and Terrane, surveyor.

Pagliacci previously moved a few blocks east on Main, leaving the former photography studio building empty.

Marketing for the 10 condos, at two per floor, began sometime last year — with prices undisclosed. Ordinarily, there would be a certain number of pre-sales necessary before a construction loan and groundbreaking. That goal may already have been achieved, given the location and large unit sizes.

The two- and three-bedroom condominiums look to average around 3,000 square feet. Most will have views of Whalers Cove and Meydenbauer Bay—as will a roof deck with over 1,000 square feet.

Eight One Hundred is also slated to have two levels of underground parking with about 24 stalls. About 1,245 square feet of commercial space is also planned. The total project size, including the parking and decks, is about 59,000 square feet.

Construction is expected to last about 15 months.