An Eastside development company that was on an upward trajectory before the recession with tower projects in Seattle and Bellevue has re-emerged.
The principals of GIS Companies Group want another crack at a Seattle tower, and as they wait, they’re under construction on two developments, including its downtown Bellevue headquarters, GIS Plaza.
The six-story project, which also has retail and 16 residential units, is rising where GIS planned a condo project, European Tower. With its one-home-per-floor design, it got a lot of buzz before the recession.
GIS also is under construction on Madison Plaza, a seven-story, mixed-use apartment project in downtown Kent near the Sounder station.
“The walkability there is amazing,” said GIS Principal Ryan Grams, who added that some units in existing apartment buildings near the train station “are getting Bellevue rents.”
By RYAN GRAMS