Building Overview

Palazzo occupies a specific and underappreciated niche in the downtown Bellevue condo market: full-service downtown living at the most accessible price point available in the neighborhood.

Built in 2000 as a two-building complex on 106th Avenue NE, Palazzo offers a character that newer glass-and-steel towers don’t attempt – European-influenced architecture, gas fireplaces in units (an unusual and genuinely appreciated feature in the Pacific Northwest climate), private balconies, and a full amenity suite that rivals buildings twice its price.

At 10 stories, Palazzo is a mid-rise rather than a high-rise – which creates a different community dynamic. The building has fewer units, a more ground-connected feel, and the sense of a neighborhood building rather than an urban tower. For buyers who want downtown Bellevue’s conveniences without the full high-rise experience, Palazzo is worth serious consideration.

Amenities

Palazzo’s amenity package is unusually comprehensive for a building of its price tier:

• Fitness center – A functional gym with cardio and strength equipment.
• Recreation room with full kitchen – A large gathering space with a complete kitchen, ideal for private events and owner gatherings.
• Party room – A separate event space for larger gatherings.
• Guest suite – An on-site guest room available for resident use when visiting family or friends need accommodation.
• Business center and conference room – A professional workspace and meeting room, reflecting the building’s original design for Eastside professionals.
• Media room – A dedicated AV room for screenings and entertainment.
• Owners’ lounge and library – Quiet common areas for reading and relaxation.
• Secure parking – Underground assigned parking for residents.
• Concierge – Staffed building management.

Who Palazzo Is Best For

Palazzo is the right building for buyers who want everything downtown Bellevue offers – walkability, concierge service, full amenities – without the $1M+ price floor of the luxury towers. It is the most accessible full-service condominium address in the downtown Bellevue core.

Buyers who will appreciate Palazzo most: those entering the downtown condo market for the first time who want a proven building community, buyers who specifically want a gas fireplace and private balcony, and buyers who prefer a mid-rise scale over high-rise tower living.

Frequently Asked Questions – Palazzo

Q: Why does Palazzo have gas fireplaces when newer buildings don’t?

Palazzo was built in 2000, when gas fireplaces were a standard luxury feature in new construction. As newer towers shifted toward all-electric buildings (simpler to operate, lower insurance costs), gas fireplaces disappeared from the construction spec. This makes Palazzo’s fireplaces genuinely distinctive in the current market – buyers who value the warmth and ambiance of a real fireplace have very few options in downtown Bellevue.

Q: Is Palazzo a good value compared to newer buildings?

For buyers who prioritize price per square foot and full-service amenities, Palazzo represents the best value in downtown Bellevue. Entry prices beginning around $375,000 are not available anywhere else in the downtown core for a full-amenity building with concierge service. The trade-off is a 2000 build vintage and mid-rise rather than high-rise living.