MEMO TO: Members of the City Council
FROM: Mayor John Marchione
SUBJECT:
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Seritage Master Plan and Development Agreement Public Hearing Continuation
I. RECOMMENDED ACTION
recommendation
By process, continue and close the public hearing and direct staff to bring back the Master Plan and Development Agreement for action at the next available City Council meeting.
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II. DEPARTMENT CONTACTS
Erika Vandenbrande, Director, Planning and Community Development, 425-556-2457
David Lee, Senior Planner, 425-556-2462
Sarah Pyle, Senior Planner, 425-556-2426
III. DESCRIPTION/BACKGROUND
The project is located at 2200 148TH Ave NE within the Overlake neighborhood, or as commonly referred to as "The Sears" site. The parcel is zoned as Overlake Village 3 (OV3), and is bordered by OV2 to the north, OV1 to the east, Bellevue to the south (zoned "O"), and Bellevue to the west (zoned "BR-CR"). The site is bounded by NE 24th Street (north), NE 20th St (south), 148th Ave NE (west), and the undeveloped DaVinci Avenue (east).
In summary, the proposal calls for the redevelopment of the approximately 13-acre site. The proposal calls for a mixed-use development that includes:
? 500 multifamily units;
? 210 room hotel;
? 100,100 square feet of street-level retail space;
? 23,000 square feet of market/food retail space;
? 266,800 square feet of office space;
? 62,700 square feet of restaurant space;
? 2,245 stalls of underground parking;
? approximately 2.1 acres of parks and open space.
Due to the size and location of the project, the project requires both a Master Plan and Development Agreement (DA).
The applicant submitted for their application on October 1, 2015. Through the course of the review, the project has conducted a neighborhood meeting on August 17, 2017, and on November 28, 2017. In addition to the neighborhood meetings, the City sponsored a neighborhood informational meeting on March 8, 2018. After several study sessions and staff reports, the ...
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