HSR and MetLife Investment Management Unveil Transit-Oriented Multifamily Community in Bellevue, Washington

High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, today announced it has executed a cost-share agreement with MetLife Investment Management to advance the design of a new multifamily community located at 1200 116th Ave. NE in Bellevue, Washington. The planned eight-story development will deliver 214 residential units in a highly walkable, transit-oriented neighborhood near the Wilburton Light Rail Station.

Situated across the street from Overlake Hospital and within walking distance of Whole Foods, restaurants, and cafes, the development will be built on approximately 0.88 acres of land and is designed to complement the growth of Bellevue’s Wilburton neighborhood. The project is expected to break ground in the third quarter of 2027 and be delivered in the third quarter of 2029.

Designed by Weber Thompson, the community will feature a comprehensive amenity package, including an outdoor courtyard, a multi-level rooftop terrace with barbecue stations, a fitness center, a coworking space, a club and lounge room with a fire pit, a pet wash area, and secure package storage.

The development team plans to pursue Leadership in Energy and Environmental Design (LEED) certification and will provide 43 affordable housing units, reinforcing HSR’s commitment to sustainable, inclusive development in this high-growth urban market. The site is located just a five-minute walk from the recently opened Wilburton Light Rail Station, enhancing connectivity to the greater Seattle metro area.

“This project reflects our continued confidence in Bellevue as a dynamic and resilient multifamily market,” said Alan Cantlin, Principal with HSR in Seattle. “Partnering with MetLife Investment Management allows us to thoughtfully advance the design of a transit-oriented community that prioritizes sustainability, accessibility, and long-term value while meeting the evolving housing needs of the region.”