City Sets 99-Year Ground Lease for Kelly TOD Housing

Bellevue plans to enter into a Predevelopment Agreement and subsequent 99-year Ground Lease with BRIDGE Housing for redevelopment of the City-owned Kelly TOD parcel into an affordable, arts-focused mixed-use housing project. The agreement sets predevelopment conditions around permitting, financing, affordability targets, and a development agreement, with nominal lease rent of $1 per year in exchange for 99 years of affordable housing use.

Scope & details

The full contract record, as filed.

Contract amount

$1 per year ground lease (total $99 over 99 years)

Contract type

FACILITIES

Contract term

99-year ground lease following predevelopment phase; outside date to meet conditions June 30, 2029

Renewal date

2128-06-30

Renewal

Ground lease term is 99 years with nominal rent; no renewal terms are described, and lease supersedes the predevelopment agreement upon closing after conditions are met by June 30, 2029.

Document type

AgendaPacket

Source document

City of Bellevue AgendaPacket City Council Regular Meeting 2026-06-23

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Bellevue?

Bridge Housing was awarded this facilities contract by City of Bellevue, as recorded on June 23, 2026. The contract value is $1 per year ground lease (total $99 over 99 years).

How much is the Bridge Housing contract with City of Bellevue worth?

The Bridge Housing contract with City of Bellevue is valued at $1 per year ground lease (total $99 over 99 years), covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Bellevue AgendaPacket City Council Regular Meeting 2026-06-23 (AgendaPacket), dated June 23, 2026 from City of Bellevue. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bridge Housing hold?

Bridge Housing may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Bellevue currently buying?

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