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Shops at The Bravern Open in Bellevue

Schnitzer West Holds Grand Opening of Luxury Retail Center
By Sasha M Pardy
September 16, 2009 | 5:23 AM

Schnitzer West held the grand opening for The Shops at The Bravern in Bellevue, Washington on September 12-13, 2009. As of July 1, 2009, Schnitzer reported it had signed leases for 24 of the 40 units at the center. Aside from the 125,000-square-foot Neiman Marcus, retailers include Anthropologie, Arthur, Brooks Brothers Country Club, DNA 2050, Eye Society, Hermès, Jimmy Choo, Louis Vuitton, Piazza Sempione, Salvatore Ferragamo, Silberman/Brown Stationers, Sur La Table, Tory Burch, Trophy Cupcakes and Wolford. Restaurants include Artisanal Brasserie & Wine Bar, The Artisanal Table Pizzeria Tapas Wine Bar, John Howie Steak, Mariposa and Wild Ginger. Service tenants include Bank of America, David Barton Gym and Red Door Spa. The Shops, at 305,000 square feet, are part of The Bravern mixed-use development, which also includes two 33-story office towers totaling 755,000 square feet where 2,400 Microsoft employees work and 3,100 subterranean parking spaces. Additionally, the project includes The Signature Residences, two luxury, 34-store condominium towers with 455 units that stand about 25% pre-sold and are scheduled for completion in January 2010. Schnitzer acquired the 1.6-million-square-foot Braven when it was already under construction, with investment partner, Investcorp, for $800 million in June 2007. At the time, the two were banking on Bravern's high-end plan and strong demographics. According to Schnitzer, the population within a five-mile radius of The Bravern's location at the corner of NE Eighth and NE Sixth Streets in downtown Bellevue, has an average household income of more than $100,000 and double the national average of college-educated residents.

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