Avenue Bellevue, a $1 billion mixed-use development situated at 10300 Northeast 8th Street, has undergone a change in ownership.
Fortress Development’s CEO Andy Lakha has transferred ownership of the project to an affiliate of Silverstein Capital Partners. The New York City-based real estate lender and early investor in the development now holds full control over property management.
This transition comes shortly after the successful opening of InterContinental Bellevue at The Avenue. This marked InterContinental’s first domestic launch since 2017 and their first hotel in the Pacific Northwest region.
The luxurious InterContinental Bellevue is located at 850 Avenue Sq NE and features 208 rooms including deluxe guestrooms, suites, family rooms, and a two-bedroom Presidential Suite spanning over 2,000 square feet. Lakha will continue to be involved with the property as an executive founder ambassador.
Silverstein Capital Takes Over Ownership of Avenue Bellevue
