Radiance Tower is a fully occupied Bellevue office property that offers investors a rare combination of in-place income and immediate redevelopment upside. The site has recently been redesignated to Mixed-Use Residential Highrise (MUR-H) through Bellevue’s HOMA framework, materially shifting its highest and best use from legacy office to high-density residential or mixed use development. Existing leases include redevelopment clauses, allowing a developer to acquire the asset free and clear of encumbrances.
Located near the Spring District and the Sound Transit East Link Extension, Radiance Tower is well positioned within Bellevue’s innovation corridor and benefits from convenient access to major regional employment centers. With proximity to employers including Microsoft, Meta, and Amazon, the property presents a compelling redevelopment opportunity in one of the Eastside’s most desirable transit-oriented growth locations.