The 12-story, 240-unit complex will be built by Tonsing Properties out of Denver, Colorado. Originally the developer planned to erect a 6-story low-rise building, but the strength of Bellevue’s condo market made for a more ambitious endeavor. The smashing success of MODA , Tonsing Properties’ Belltown venture, also lends credibility to the developer’s vision of European-style living spaces. MODA sold out in one week, with buyers ecstatic over the prospect of $150,000 Belltown condos. Some of its sub-300 sq ft units seemed to challenge even the most compact urbanite, but Seattle showed it is ready for European living efficiency.
VIDA won’t ask its potential owners to dip below 400 sq ft, but the sheer number of compact units is setting a new Bellevue standard. A typical VIDA condo will average 650 sq ft. The smallest studios will be 400 sq ft. The largest (non-penthouse?) two-bedroom units will be roughly 900 sq ft and will list at $650,000. The most common VIDA units will be priced in the $350,000-$450,000 range. <Penthouse price N/A>
Each unit’s layout can conform to match the owner’s stylistic choices. Instead of fixed walls, interiors will feature flexible interior panels. The owner will be able to create larger great rooms or more stylized spaces, depending on his/her lifestyle. In-line kitchens and wall-storage mounts will also serve to maximize functionality.
VIDA is set for completion in 2010.
- Location: 111 Ave NE & NE 8th St
- Pricing: N/A
- Units: 240