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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.
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“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
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