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Multifamily Development Site in Seattle Tech Hub Purchased by Homebuilder

Pulte Homes Pays More Than $6 Million per Acre for Bellevue Property
Bellevue, Washington, has seen booming office and multifamily development since tech development in the city began to rapidly intensify in 2020. (John Othic/CoStar)
Bellevue, Washington, has seen booming office and multifamily development since tech development in the city began to rapidly intensify in 2020. (John Othic/CoStar)
CoStar News
August 11, 2022 | 6:30 P.M.

An apartment development site in Seattle’s eastern tech cluster has been sold in another sign that multifamily investors believe the area will weather a tech slowdown well.

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