Crescendo Healthcare Realty Advisors (CHRA) announced Thursday that it has brokered the acquisition of 4.15 acres of land for development on behalf of Dr. Nathan Prueter, DDS, at the corner of Progress Drive and Main Street (U.S. 20) — across the street from The Bellevue Hospital on the city’s westside.
The site will become the location of Progress & Main, a planned retail and office development anticipated to be completed by the fall of 2020.
The project is expected to feature a contemporary office and medical building with prominent signage to Main Street, as well as a 1.34 acre outparcel available for build-to-suit or ground lease. CHRA has been retained to provide leasing services for the development.
“This acquisition paves the way for Progress & Main,” Crescendo principal Dan Mayer said. “The retail and office space will have a clean, modern design, unmatched visibility and position in the market, and most importantly, it’s going to provide new space opportunities to meet the needs of the local business community.”
For Prueter, the development will provide a new home for his dental practice, as well as an opportunity to reinvest and support additional growth in the region.
“This community has welcomed me from the minute I acquired my practice in Bellevue,” Prueter said. “Progress & Main will not only allow my practice to expand into a state-of-the art facility, but it allows other local dental and medical professionals to do the same. I’m very excited about this project.”
Bellevue Mayor Kevin Strecker expressed enthusiasm for the project, stating, “I, and the citizens of Bellevue, extend a big ‘Bellevue Strong’ welcome to Dr. Nathan Prueter and the CHRA team.”
“With a location near the Bellevue Hospital’s new Eagle Crest Health Park, Progress & Main will complement the health care theme which has been developed west of town on Historic U.S. 20,” Bellevue Economic Development director Dave Sabo said. “This highly-visible location will be in much demand and a great addition for the city of Bellevue.”
Prueter will occupy one of the office spaces. The rest of the development will be a mix of healthcare offices and retail space depending on interest, Crescendo associate Anthony Russo said.
“What we do in a lot of instances with our clients is help them find the best routes take for their practice whether it be leasing a space or building their own space,” Russo added.
In December, The Bellevue Hospital opened Eagle Crest Health Park, a $7 million, 27,000-square-building at 102 Commerce Park Drive, which is near
The building, put up by the general contractor and architect, Janotta & Herner, of Monroeville, allowed the hospital to expand its rehabilitative services unit and also is the new home for several other health-related businesses.
“We are excited to offer this new health park to our community,” Michael K. Winthrop, who has served as the hospital president for 31 years, said shortly after the grand opening. “This space focuses on providing key outpatient services and also introduces a 24/7 fitness center to the Bellevue area.”