Kemper Development Shelves $1 Billion Bellevue Collection Expansion, Leaving It to Next Owner

Kemper Development Company has indefinitely paused its $1 billion-plus expansion project at The Bellevue Collection in downtown Bellevue, a mixed-use development that was planned to include residential units, a hotel, retail space, and parking. The decision follows the Freeman family’s August 2026 announcement that it’s exploring a sale of the entire Bellevue Collection property, one of the region’s largest commercial real estate holdings. While the news doesn’t directly affect Burien, it reflects broader regional development and market trends.