March 30, 2016
Recreational Equipment Inc. (REI), an outdoor gear cooperative, has signed a non-binding letter of intent to develop eight acres in the Spring District of Bellevue, WA. The 77-year-old company currently owns its 170,000-square-foot headquarters at 6750 S. 228th St. in Kent, WA.
The target of REI’s interest is Spring District, a $2.3-billion project currently under development by Wright Runstad. Though the co-op doesn’t have a formal deal at this time, it is confident it will happen. REI is one of the larger companies in the Seattle area, employing 1,100 people.