BELLEVUE, WASH. — High Street Residential (HSR), a subsidiary of Trammell Cros Co., and PGIM have broken ground on Versant Bellevue, a 351-unit property adjacent to the East Main Light Rail Station in Bellevue. The project is slated for completion in the third quarter of 2028. Located at 11040 Main St., the new development will occupy 1.7 acres and will replace an existing two-story office building. The development team closed on the land on March 13. Chad Waldbaum of JSH Properties represented HSR in the transaction. The architect is Weber Thompson, and Sierra Construction is the general contractor.
Versant Bellevue will include a mix of studios to three-bedroom units, with 71 of the 351 units set aside as affordable. Rent restrictions were not disclosed. Amenities will include an outdoor courtyard, a rooftop terrace with outdoor barbecue stations, a fitness center, coworking spaces, a club/lounge room with a fire pit and secure package storage.