A rendering of The Eight. Courtesy of Skanska USA.

Excavation operations have been completed for The Eight, a 25-floor Class A-plus office tower, retail, and community space in downtown Bellevue, with project completion scheduled for late 2023, according to the project’s development and construction firm.

The Eight, at the corner of Northeast 8th Street and 108th Avenue Northeast, is the only speculative office project in Bellevue and is designed to be a corporate headquarters for one or more tenants, Skanska said in a news release today.

The Eight will have 541,000 square feet of office space, seven alternating exterior decks, 7,000 square feet of open public space, and 10,000 square feet of ground floor retail space, including a 1,900-square-foot mass-timber pavilion.

Skanska said in May that it was investing approximately $476 million to develop and build the project. 

“We couldn’t be more excited to achieve this important milestone for The Eight, Skanska’s newest high rise in the region,” Murphy McCullough, executive vice president and general manager, Skanska USA Commercial Development in Seattle, said in the release. “We are now at the point where we will begin to see the design and planning for The Eight take shape, as we build from the ground up. It’s amazing to think that the building structure will be fully built one year from now.”

Since 2019, Skanska has piloted the use of the Embodied Carbon in Construction Calculator (EC3) tool — a product co-created in Seattle by Skanska with industry partners. Skanska’s U.S. building operations recently announced it would invest in providing initial embodied carbon assessments on every new construction project exceeding 53,000 square feet for all clients in the U.S. Skanska’s U.S. commercial development operations uses the EC3 tool on all of its projects, including The Eight, to drive meaningful reductions in embodied carbon, the release said. 

The Eight’s project team includes Skanska USA Building, construction; Pickard Chilton Architects, design architect; Adamson Associates Inc., architect of record; Graham Baba Architects, ground floor architect; Hargreaves, landscape architect; Magnussen Klemencic Associates, structural engineer; CBRE, office brokers; and Newmark Knight Frank, retail broker.