Silverstein Capital Takes Over Avenue Bellevue

Avenue Bellevue, a $1 billion mixed-use development located at 10300 Northeast 8th Street, has had a change in ownership.

Andy Lakha, CEO of Fortress Development, has transferred ownership of the project to an affiliate of Silverstein Capital Partners. Silverstein Capital Partners, a New York City-based real estate lender and early lender on the development, has now assumed full control of the property’s management.

The transition follows closely on the heels of the grand opening of the InterContinental Bellevue at The Avenue, which marked the brand’s first domestic launch since 2017 and the first InterContinental hotel in the Pacific Northwest.

Located at 850 Avenue Sq NE, the 208-room InterContinental Bellevue features 190 luxury guestrooms and 18 suites and family rooms, including a 2,000-square-foot two-bedroom Presidential Suite. Lakha will continue to serve as an ambassador for the property in his role as executive founder.