OpenStreetMap (new tab)

Google Map (new tab)

Google Streetview (new tab)

Overview

The Bravern Signature Residences consisted of two skyscrapers, a North and South Tower, each containing 34 stories and about 455 apartments between them. The Seattle- and Denver-based real estate developer Schnitzer West commissioned the Seattle architectural firm of NBBJ to design the highrises, part of a larger complex that included two other office towers and a retail mall, known as The Bravern Office Commons. The timing of this deveopment coincided with the Recession of 2008, that affected sales of condominium units in the towers. This economic slowdown required Schnitzer West to transform the South Tower into a rental-only building in 2010.

Building History

Construction of The Bravern Signature Residences occurred between 03/2010 and 10/2013. (See Schnitzer West.com, "The Bravern Signature Residences," accessed 02/22/2024.) The residential towers accommodated 455 luxury apartments for sale and rent, units ranging in size from studios to four-bedroom suites and a limited number of penthouses.

The Bravern Signature Residences were completed at the tail end of the serious Recession of 2008, an event that slowed real estate sales dramatically. As a result, Schnitzer West chose to cut prices of condominium units in the North Tower and covert the 236 units of the Bravern South Tower from condominiums to rental properties. Writng in the Seattle Times.com, Eric Pryne wrote on 04/26/2010: The developer of the luxury Bravern complex in downtown Bellevue, bowing to new market realities, is converting one of the project's two nearly finished condo towers to apartments. Bellevue's supply of high-end high-rise condos still exceeds demand, said Dan Ivanoff, managing investment partner at Bravern's developer, Schnitzer West. 'So we're shorting the supply,' he said. The Bravern's condos have been the weak link in the mixed-use project, one of downtown Bellevue's most ambitious ever, which broke ground in December 2006. But Schnitzer had presold only about one-quarter of the 451 luxury condos before the market tanked. And, with the two residential towers scheduled for completion next month, Ivanoff acknowledged at least some of those presales were unlikely to close becuae buyers no longer can qualify for financing or can't sell their present homes. On top of that, hundreds of condos remain for sale in two competing downtown Bellevue high-rise projects. County records indicate about 150 of the 377 units at Washington Square, completed in early 2008, remain unsold. And buyers have closed on fewer than 100 of 539 condos at Bellevue Towers, completed early last year, despite price cuts last summer." (See Eric Pryne, Seattle Times.com, "Bravern turns one condo tower into rentals," published 04/26/2010, acccessed 02/22/2024.)

Rents in 02/2024 ranged from $2,685 per month for a studio to $45,223 monthly for a penthouse.

Alteration

The Seattle architectural firm Weber Thompson worked with Windsor Communities to refurbish the interiors of the rental apartments at The Bravern. Bernadette Kelly was the partner in charge c. 2020. (See Weber Thompson.com, "The Bravern," accessed 02/22/2024.)

PCAD id: 24997