Place guide
Inside the Bellevue Collection
Explore the shops, hotels, history and gatherings across the district.
What a sale of the Bellevue Collection could change
- 4
- connected developments
- 5.5M
- portfolio sq ft, per owner
- 3
- hotels in the Collection
- 1946
- Bellevue Square opened
The Freeman family is exploring a sale of Bellevue Square, Bellevue Place and Lincoln Square North and South. Together they form a downtown district of shops, restaurants, workplaces, hotels and homes. The paused expansion at Bellevue Square is one concrete decision a future owner would face.
Bellevue Square sits west of Bellevue Way; the other three developments rise across the street, connected by skybridges. Kemper describes the portfolio as 5.5 million square feet. Its three hotels are Hyatt Regency Bellevue, The Westin Bellevue and W Bellevue. For a regular visitor, a possible sale concerns this connected district and the choices that shape its next phase.
Where this is
What has been announced
Sale exploration and broker selection are documented. Marketing launch, an agreement and a completed sale are separate steps.
The sale process
The family explores a sale
The Freeman family and Kemper Development announce they're exploring a sale of the Collection.
A broker is selected
Kemper selects Eastdil Secured Savills to guide “the next phase of the sales process.”
Expansion is paused
Kemper pauses its planned expansion, The Bellevue, and leaves the decision to the next owner.
The marketing plan is described
425 Business reports that Kemper hopes to have an offering memorandum later in October to begin marketing. If Kemper's conditions are met, it says, a deal could close by next summer. Melby: “we don’t have a price to share.”
At the latest source check
No report found that marketing has formally begun. No price, bidder or buyer has been announced.
The paused expansion is a decision ahead
September reporting says Kemper paused The Bellevue, the proposed expansion at Bellevue Square's southeast corner across from Downtown Park, and would hand the project materials to a next owner.
Earlier plans included homes, a hotel, shops and a public plaza. That makes the site a concrete question for downtown's future: what gets built, which plans carry forward and when a funded proposal advances. Those choices remain open in the sources reviewed here.
That is a different stage from preparing the site. The dated utility-work and permit record remains in the source notes; this article does not establish a construction start or a current approval for the proposed buildings.
What regular users can take from the announcements
In its August announcement, Kemper said the Collection would continue operating normally and community programming, including Snowflake Lane, would go ahead through 2026. That is a dated statement from the owner. Future tenant-mix decisions, lease arrangements and programming commitments have not been established in this review.
The ownership record behind the district
Kemper Freeman Sr. opened Bellevue Shopping Square in 1946. His son, Kemper Freeman Jr., took over in the 1970s and led its expansion into the shopping, office and hotel district around Bellevue Way. The company's August 2026 announcement names Jim Melby as CEO and says Freeman retired in 2025.
Kemper runs the Collection as one portfolio, but county records divide it among several property-holding companies. Those labels do not tell us who could approve a sale. The detailed owner and taxpayer table is in the source notes.
Our 29 August 2026 snapshot contains 34 county records across 31 ground shapes, including condominium components and parking. The shared condominium footprint is one reason these records cannot be read as 34 separate buildings.
One portfolio, several property-holding companies
Hover, focus or tap a shape for its parcel ID and record names. Four condominium records share one footprint.
Kemper namedOther recorded namesShared condominium footprintParking label in records
Individually owned condominiums belong to the physical district; that does not establish their inclusion in a portfolio sale. The map identifies county research records, not a broker-certified offering boundary. The 2024 deed exchange and full amounts remain in the source notes.
Three developments worth watching
The transaction. A dated marketing launch, agreement or buyer announcement would establish a later stage of the sale process. The sources checked for this edition do not verify a completed transaction.
The expansion. A revised proposal or a decision to fund and advance the plans would make the future of the southeast corner more concrete. The pause leaves that choice open.
Operating commitments. Specific statements about shops, workplaces, hotels and programming would show what users could expect beyond the owner's 2026 commitment.
For people who use the district, these are the developments that would turn a possible ownership change into a clearer picture of downtown's future.
How this was checked
How this was checked
Parcel records behind the map
King County snapshot retrieved 29 August 2026. Four Lincoln Square condominium records share one ground footprint; their components are not four separately mapped lots. These names do not establish beneficial ownership or sale authority. Recorded lot areas can overlap and should not be added as separate physical land areas.
| Parcel ID | County property label | Owner or taxpayer names |
|---|---|---|
| 0685700060 | BELLEVUE PLACE PARKING (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 0685700065 | BELLEVUE PLACE PARKING (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 0685700080 | REDWOOD BLDG (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 0685700092 | CASCADE BLDG (Core) | Recorded owner: BELLEVUE PROPERTIES LLC |
| 1544100011 | PARKING- BELLEVUE SQUARE (Dist A) | Recorded owner: BRICE FAMILY LLC +BELLEVUE |
| 1544100020 | NE CORNER OFFICE & RETAIL (Dist B) | Recorded owner: BRICE FAMILY LLC +BELLEVUE |
| 1544100040 | BELLEVUE SQUARE ANCHOR STORES (Dist A & B) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100081 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: BRICE FAMILY LLC +BELLEVUE |
| 1544100082 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100090 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: BRICE FAMILY LLC +BELLEVUE |
| 1544100101 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: BELLEVUE SQUARE LLC |
| 1544100112 | BELLEVUE SQUARE RETAIL STORES (Dist A & B) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100120 | PARKING- BELLEVUE SQUARE (Dist A) | Recorded owner: BELLEVUE SQUARE LLC |
| 1544100121 | PARKING- BELLEVUE SQUARE (Dist A) | Recorded owner: BELLEVUE SQUARE LLC |
| 1544100122 | PARKING- BELLEVUE SQUARE (Dist A) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100123 | PARKING- BELLEVUE SQUARE (Dist A) | Recorded owner: BELLEVUE SQUARE LLC |
| 1544100130 | PARKING RAMP - BELLEVUE SQUARE (Dist B) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100131 | PARKING- BELLEVUE SQUARE (Dist B) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100150 | PARKING RAMP - BELLEVUE SQUARE (Dist B) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100190 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100191 | PARKING LOT (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 1544100192 | PARKING LOT (Core) | Recorded owner: BELLEVUE SQUARE LLC |
| 1544100194 | PARKING- BELLEVUE SQUARE (Core) | Recorded owner: KEMPER DEVELOPMENT CO |
| 2925059056 | BELLEVUE PLACE (Core) | Recorded owner: BELLEVUE PLACE OFFICE |
| 2925059061 | WENDY'S PARKING (econ unit w/-9130) | Recorded owner: BELLEVUE PROPERTIES LLC |
| 2925059084 | BELLEVUE PLACE (ASSOCIATED WITH TAX LOT -9056) (Co | Recorded owner: BELLEVUE PROPERTIES LLC |
| 2925059103 | HYATT REGENCY BELLEVUE PLACE | Recorded owner: BELLEVUE PLACE HOTEL LLC |
| 2925059130 | WENDYS | Recorded owner: BELLEVUE PROPERTIES LP |
| 2925059321 | HYATT REGENCY HOTEL - BELLEVUE PLACE 2ND WING | Recorded owner: BELLEVUE PLACE HOTEL LLC |
| 4323350000 | LINCOLN SQUARE EXPANSION (Core) W HOTEL | Condo unit taxpayer names: LS2 GARAGE LLC; LS2 HOTEL LLC; LS2 OFFICE LLC; LS2 RESIDENTIAL LLC; LS2 RETAIL LLC |
| 4323400000 | LINCOLN SQUARE GARAGE (Core) | Condo unit taxpayer names: LINCOLN SQUARE GARAGE LLC |
| 4323410000 | BELLEVUE WESTIN AT LINCOLN SQUARE | Condo unit taxpayer names: LINCOLN SQUARE HOTEL LLC |
| 4323420000 | LINCOLN SQUARE OFFICE (core) | Condo unit taxpayer names: KEMPER DEVELOPMENT CO |
| 4323430000 | LINCOLN SQUARE RETAIL (Core) | Condo unit taxpayer names: KEMPER DEVELOPMENT CO |
The owner markets the portfolio as 5.5 million sq ft, with more than 200 retail brands and over 80 restaurants and quick-service cafés. Underneath, the county records 34 parcel records with 49.6 acres of listed lot area, including overlap, assessed at $1.39B for 2026, recorded under several owner and taxpayer names. The Collection is operated as one portfolio by Kemper Development Company; a parcel is not the same thing as a building or a share of the family business.
Office advertisements read on 18 October 2026
The office portfolio spans Bellevue Place, Lincoln Square North and Lincoln Square South. Kemper markets the connections to dining, hotels, meeting spaces and covered skybridges as part of the workplace. Leasing a suite is a different transaction from buying the whole Collection: the suite's size, move-in date, condition and operating costs matter to an incoming business.
Kemper directs office leasing to Broderick Group. Its listings provide floor plans, broker contacts and, for Lincoln Square South, a virtual tour. Read on 18 October 2026, the advertisements showed:
The dated suite examples are in the companion guide's source notes.
These are advertised terms, not confirmed vacancies or signed rents. North's linked brochure differs from its web page: 22,389 sq ft for suite 2100 and a $65 base rate. Its advertised availability is in 2027. South's page is undated. NNN quotes add operating charges to base rent; a dated broker quote is needed for the applicable period, expenses and availability. Broderick also advertises Bellevue Place.
The North brochure labels the marketed floors as former Microsoft space. That provides a link to the tower's tenant history, but these few advertised floors do not account for all the space Microsoft previously leased. The public listings cannot establish a current vacancy rate for the whole Collection.
Retail leasing and shared-space questions
Kemper's retail leasing page offers a digital brochure and names Jana Koeberle and Katie Perkins as contacts. It publishes neither a rent card nor a current vacant-unit schedule. A prospective shop needs a quote for a particular unit, including base rent, operating charges, fit-out requirements and lease length.
The food hall raises further questions about what each operator supplies and what the shared setting provides. Published information does not establish the vendors' rents, lease structures, seating responsibilities or programming terms.
The Collection promotes tenants through its calendar and gift-card campaigns, including a small-business feature across the four developments. Directory listings establish that a business is listed, rather than its sales, lease status or the district's vacancy rate.
Community programming: published rules and open questions
The Collection's published rules describe the common areas as private property. Organized social or promotional activity requires owner sponsorship and compliance with its rules; posting material requires prior written authorization.
The named cultural partnerships establish that outside organizations can participate. Public materials do not establish the application process, venue fees, equipment ownership, staffing terms or final budget authority. Kemper lists Jennifer Leavitt, senior vice president of marketing, for media inquiries; a proposed program needs the operator's terms and approval.
The co-owners exchanged deeds in 2024
The records document a change from shared interests to particular lots. This table summarizes the stored deed transcription; it is not a present-day ownership or sale-authority audit.
| Record date | Instrument / record | Interest or change recorded | Limit |
|---|---|---|---|
| 13 December 1999 | 19991216001599 | Across 18 parcels: 25% Brice Family LLC, 25% Bellevue Way LLC and 50% Margaret E. Brice Trust | Interests conveyed in that deed, not current shares of the whole Collection |
| February 2024 | Boundary line adjustment | New lots created | Not an explanation of transaction motive |
| 1 August 2024, 9:57 a.m. | 20240801000261 / 20240801000262 | Reciprocal statutory warranty deeds, detailed below | Recorded transfers, not evidence of a later portfolio marketing launch |
| Instrument | From | To | Consideration |
|---|---|---|---|
| 20240801000261 | Bellevue Square LLC, Bellevue Square Managers LP | Brice Family LLC, Bellevue Way Properties LLC, MBC Family LLC | $42,713,200.00 |
| 20240801000262 | Brice Family LLC, Bellevue Way Properties LLC, MBC Family LLC | Bellevue Square LLC | $42,306,800.00 |
They differ by $406,400, 0.95% of the larger, with full excise tax paid on both. The recorded exchange concerns particular lots; in August 2026 the family announced sale exploration. The instruments document a title change. They do not establish why the expansion paused or each company's current approval rights. The recorded deed of trust is historical evidence, not a current loan balance.
August records showed site work and no land-use application.
Supporting data
| Recorded owner / taxpayer group | Parcels | Assessed | Acres |
|---|---|---|---|
| Kemper Development Co | 15 | $706.6M | 32.0 |
| Bellevue Place Office | 1 | $226.0M | 2.5 |
| Bellevue Place Hotel LLC | 2 | $217.3M | 2.3 |
| Lincoln Square Hotel LLC | 1 | $54.3M | 0.9 |
| Bellevue Square LLC | 5 | $50.0M | 3.1 |
| Brice Family LLC +Bellevue | 4 | $43.1M | 2.8 |
| LS2 Entities (5) | 1 | $39.8M | 3.4 |
| Bellevue Properties LLC | 3 | $33.3M | 1.2 |
| Bellevue Properties LP | 1 | $11.2M | 0.4 |
| Lincoln Square Garage LLC | 1 | $9.5M | 0.9 |
Sources (2)
Sources and limits
Property records were retrieved on 29 August 2026. Retail, family and leasing pages were read on 18 October 2026. Article, the reported Wagyu House window and the seasons on city event listings were checked on 28 October. The timeline retains its 20 October source check; a separate note records the bounded 2 November owner-news recheck. Owner marketing, broker advertisements and county records describe different things. Recorded names establish neither beneficial ownership shares nor sale authority. Broker availability requires confirmation. The family biography is undated; its board titles have not been independently confirmed. Store directories establish listings rather than sales or a vacancy census. Merchant stories here draw on their own published accounts, not interviews.
Kemper's figures are the owner's. Floor areas, room counts, homes and parking come from Kemper's own pages and Wikipedia. Office advertisements and brochures use different measures; the named suite discrepancy is documented above. The county's parcels, acreage and assessment are computed from the Assessor's 2026 records.
Updated 20 Oct 2026. Reorganised around the sale in the 20 October edition, with a dated sale-status record. Earlier, on 19 October, the profile gained dated business and leasing sources, a matched 2006/2023 aerial comparison, and hotel and residential links.
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