Create World America and Daniels Real Estate Company announced Aug. 17 that they have broken ground on the Mirador in downtown Bellevue. Located at 1019- 103rd street, it will be a contemporary, six-story, 162 unit apartment home located in the retail district of Bellevue. The Mirador apartment is the first phase of a residential project that will include both the apartments and a 17-story, 120-condominium high-rise. The high-rise is slated to begin construction in late 2016 or early 2017. Total cost for the apartment building is approximately $65 million.
This is the first development project in the United States for Create World Group, which has developed large, residential mixed-use projects in Xian, Jilin, and ZhuHai, China. The company is headquartered in Beijing. As the first international development project, the ground breaking included the investors from China who traveled to Bellevue.
“We understand that we are one of the first Chinese development companies to develop in the greater Bellevue metropolitan area,” said Tom Yang, President of Create World Group.” In our culture that is both an honor and responsibility to ensure that the Mirador is of the highest success. We also plan to invest and develop more residential and mixed-use projects in the Greater Seattle area and along the West Coast.”
To assist with their first project, Create World America is partnering with Daniels Real Estate Company, a locally owned real estate investment firm. “When I met with Mr. Yang, I immediately admired his entrepreneurial and pioneering spirit,” commented Kevin Daniels. “In today’s marketplace, we tend to ignore the risks that one takes when applying your expertise and skillset in a foreign country. If we truly want to be a ‘gateway’ city to Asia then we should be partnering with more Asian entrepreneurs who are willing to invest.”
The project team includes: Daniel-Create World, GGLO Architects, Chinn Construction, and Lease Crutcher Lewis. (end)