The City of Bellevue is gauging interest in turning the north building of the Lincoln Center office complex into a temporary incubator space for startups and new entrepreneurs.
The city highlights information technology , including software and systems development, interactive media, and mobile technology, as Bellevue’s largest job cluster. In an effort to grow that cluster, the city has set forth Economic Development Strategies that aim to nurture and support the next generation of local business men and women.
The Lincoln Center office space is owned by the city and located across I-405 from Downtown Bellevue on the west side of 116th Avenue NE. The building has up to 11,660 square feet of vacant space and is located in walking distance of Whole Foods. The north building is scheduled to be demolished in approximately two years for Sound Transit’s East Link light rail alignment. Because of light rail construction, lease agreements are set to expire at the end of 2016.
In the meantime, startup entrepreneurs might be able to get a deal on the space.The city has “the ability to negotiate below-market, but above ‘nominal,’ lease rates if the use has a clear public benefit and furthers the City’s economic development strategies,” according to the Request for Proposal. The city will be accepting proposals for interim use of the space until 4 p.m. on Nov. 10.
Creating affordable and flexible workspace for entrepreneurial companies is one strategy in the City’s proposed effort to support Bellevue’s next generation. The city hopes to create a “Tech Zone,” or technology district with high connectivity, to attract a string of firms. It also hopes to create greater awareness of local training and mentoring opportunities, and attract a higher education presence for research and development.
“Our strategy is to encourage a creative and entrepreneurial environment, where businesses, entrepreneurs, and knowledge workers are at the center of the mix,” the city says in its Economic Development Plan.
The city declined to comment directly about the space until the next city council meeting on Nov. 17.
For more information about submitting proposals contact Emil King, EAKing@bellevuewa.gov.