One of the city's major employment areas, the Bel-Red Corridor features:
- 27 percent of all the commercial and industrially-zoned land in Bellevue
- More than 50 percent of all land in the city zoned for light industrial use
- Approximately 20 percent of the city's total employment
- More than 2,000 businesses
Changes in the Area Driving the Planning Effort
Large employers are moving out or greatly reducing operations. For example, Safeway, Bel-Red's largest landowner by far, has shifted most of its distribution operations out of the area and announced plans to sell about half of the 75 acres it owns.
Between 1995 and 2003, employment in Bellevue as a whole increased by 18 percent, but dropped 6 percent in the Bel-Red Corridor.
Sound Transit has proposed bringing a light-rail line through the Bel-Red Corridor and into Redmond. That rail line has the potential to change land-use patterns in the area because it provides additional transportation capacity.
In late 2005, the city began working with businesses and residents to determine future land uses in the corridor, as well as the area's role in the city's overall growth and economic development. The goal is a long-term plan (through 2030) for the future of the Bel-Red corridor area.