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The Bravern Signs Red Door Spas
For First Pacific Northwest Location
BELLEVUE, WA (May 15, 2008) – Schnitzer West announced today that it is bringing the first Elizabeth Arden Red Door Spa to the Pacific Northwest. In 2009, Red Door Spas will open only its second West Coast location at The Bravern, a 1.6 million square foot development in downtown Bellevue, WA, featuring a distinctive outdoor shopping village, residential condominiums and office space. The Bellevue, Washington spa joins a star-studded line-up of “firsts” for The Bravern, including the Northwest’s first Neiman Marcus, DavidBartonGym and Jimmy Choo boutique.
Red Door Spa at The Bravern will feature nine treatment rooms together with top of the line manicure stations, pedicure thrones and a hair, color and styling salon complete with men’s and women’s spa locker and relaxation areas. The 6,000+ square foot state-of- the-art facility will offer a complete menu of spa and salon services including signature skincare, massage and body treatments, nail services, hair styling, makeup artistry and more.
Red Door Spas CEO Todd Walter echoed comments by other tenants when discussing the company’s reasons for selecting the project for its first Pacific Northwest location. ”The Bravern offers an elegant and vibrant environment with a first-class retail, residential and office component. We look forward to providing the discerning and professional customer who chooses to live, work and play in Bellevue with a high-end, “best of class” day spa experience,” said Mr. Walter. “That, in combination with a collection of the world’s finest fashion retail and Bellevue's strong demographics, was a major reason for our selection of this project.”
“Red Door Spas is synonymous with the best in beauty and personal service and will be a wonderful complement to The Bravern and reflect our commitment to creating an experience that is second to none,” said Tom Woodworth, senior investment director for Schnitzer West, developer of The Bravern.
Schnitzer West also announced that Bank of America will locate a full-service branch in the project, housed in a 4,700 square foot space facing NE Sixth Street adjacent to the Wild Ginger restaurant. The bank plans to locate an ATM along NE 8th Street to address shoppers, residents and office workers daily needs.
Currently under construction and scheduled for completion in 2009, The Bravern’s vibrant urban village will feature a distinctive outdoor setting, with gracious arrival courts and European-style piazzas. It will include approximately 305,000 square feet of fashion-leading retail and restaurants anchored by a 125,000-square-foot Neiman Marcus, 455 signature residences in two elegant condominium towers and two office buildings, which have been fully leased to Microsoft. When finished, the five-acre site will accommodate 2,300 Microsoft employees, approximately 1,000 homeowners and employ between 300 and 500 staff among the retail shops and services. The project also will include a 35-acre subterranean parking garage with 3,100 stalls.
About Schnitzer West
Schnitzer West, LLC is one of the West Coast’s fastest growing real estate investment, development and property management companies. Founded in 1997 by managing investment partner Dan Ivanoff of Seattle and Schnitzer Investment Corp of Portland, the company has built a successful track record in the commercial, retail and multi-housing markets though product innovation, disciplined management and investment expertise. The firm has developed approximately 2.5 million square feet of Class A office and suburban office, flex and bio-tech space and luxury multi-family apartment units in the Seattle and Portland markets. Additionally, Schnitzer West has acquired and repositioned approximately 1.0 million square feet of commercial product. Currently Schnitzer West has 3.7 million square feet of office, of which over 50% is leased, 2.2 million square feet of industrial, 305,000 square feet of upscale retail and over 1,100 residential condominiums under development, as well as 2.5 million square feet of office, retail, industrial and bio-tech under management. Building on its success in the Northwest, Schnitzer West is actively expanding to other growing regions in the Western U.S., including Denver, San Francisco and Southern California.
About Red Door Spas
With nearly 100 years of beauty expertise based on fundamental elements and philosophy of day spa pioneer Elizabeth Arden, Red Door Spas operates 30 day and resort spas nationwide. Committed to enhancing the lives of their guests through beauty, harmony and well being, and to providing pioneering techniques, quality treatments and advanced services, Red Door Spas will continue to expand, innovate and remain the leader in the day spa industry for years to come.
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