Sponsored

Capital One Reimagines Banking With Its First Retail Locations in Seattle

The new Capital One Café brings banking and living together
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A rendering of the new Capital One Cafe

Sponsored by Capital One

Residents and workers in Bellevue and South Lake Union neighborhoods will soon be doing their banking Seattle-style—in a new community space, hanging out, drinking coffee and taking care of business—as Capital One brings its new Capital One Café concept to Seattle in 2017.

The Capital One Café is an entirely new approach to banking in the Seattle region, providing a space where individuals can recharge their bank accounts, devices and lives while learning new ways to manage their finances, try innovative digital and financial tools, and grab a great cup of coffee. The Café is intended to serve as a community hub and the open layout will have a range of lounge seating and work spaces. Throw in free Wi-Fi and the resulting mix invites people to relax, get some work done, host study groups or community meetings, learn about finances, or just hang out with friends.

“We know industries are being disrupted by bold technologies and banking is no exception,” said Ryan Laudenbach, Seattle Market Lead for Capital One Café. “Customers want a swift, convenient banking experience, and sometimes, they want a personal connection, too. Our Capital One Cafés blend these needs giving individuals the ability to bank on their own terms.”

The newly announced second Capital One Café location will open in South Lake Union (333 Westlake Ave.), home to a growing number of top technology and life science companies, giving workers an extension to their offices or just a place for that area’s mobile workforce to take a break.

The Bellevue Capital One Café, located at The Bellevue Collection in the Lincoln Square Expansion along Bellevue Way (418 Bellevue Way NE), will be approximately 7,800 square feet with four ATMs on premise, three nooks and two meeting rooms for customers, partners and community members to use for work space.

Capital One has partnered with Fuji Bakery to provide freshly baked goods with a Japanese artisanal touch delivered from Seattle’s Interbay and International Districts. Each Café will also serve Peet’s handcrafted espresso, coffee and tea beverages.

In addition to bringing the Café concept to Seattle, this October Capital One will host a live streamed #CapXTalk to look beyond the natural confines of ‘finances’ and explore how visionaries are reimagining the role that technology and money play in our day-to-day lives. The panel discussion will include personal finance experts, such as Jake Fuentes, co-founder and CEO of Level Money, Stefanie O’Connell, author of The Broke and Beautiful Life, and Erin Lowry of Broke Millennial. Be sure to watch the live stream at http://capxtalk.fora.tv and participate using #CapXTalk on Thursday, October 13 at 10 a.m. PT.

Bellevue's University Bookstore to Close, but the East Side Keeps Its Edge

Bellevue's University Bookstore to Close, but the East Side Keeps Its Edge

Bellevue is in many ways more “urban” than Seattle now—certainly, it’s racially more diverse, which is complete flip from the white-bread suburbs of the ‘60s and ‘70s
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Berger supervising a photo shoot of Bill Gates and Brian "The Boz" Bosworth in 1988

The news that the University Bookstore is closing its downtown Bellevue location next month is hardly big news. Bookstores have had to close, move and adjust to changes in the book biz. Elliott Bay relocated from Pioneer Square and now thrives on Capitol Hill. Amazon—blamed for driving many small independents out of business—has opened a dead-tree bookshop in University Village and another in Portland. Change happens.

Still, the news spurred memories of the not-so-distant past when the U-Bookstore’s move to Bellevue in the early ‘80s was part of a wave of urbanization—you could call it the “Seattleization”—of the Eastside suburbs. Back in the ‘70s and ‘80s, Bellevue became of the focus of what became known as “Edge City” city building. Skyscrapers popped up, much to the surprise of Seattleites who looked east and saw high rises. Between them and the Cascades.

There were other signals. Microsoft moved to Bellevue in 1979, before settling in Redmond, and became the vanguard of the Silicon Forest. In 1976, Starbucks opened its first outlet in Bellevue, and today the oldest Starbucks in Bellevue sits in a strip mall across from Bellevue Square on NE 8th and just around the corner from the U-Bookstore. Crossroads shopping center revamped as a kind of suburban mall-meets-Pike Place Market with a newsstand, bookstore, public chessboard, and a catalyst for social services. The demand for “third places” in the suburbs—often criticized as a desert of “no place” cul de sacs—was growing.

That growth was nurtured by other developments. In 1976, Bellevue got its own daily newspaper, the Journal-American, so Starbucks goers had first-rate local news and columns to read over their lattes each morning. In the late ‘80s, the statewide magazine I worked for, Washington, which had launched in Bellevue in the mid-80s, did a cover story on the fact that two major national celebrities were based on the Eastside: Bill Gates and Brian “The Boz” Bosworth. One seemed to reflect a new braininess in the ‘burbs, the other a kind of brazen, bleached Seahawks celebrity whose attitude suggested an in-your-face approach far different from quiet good guys suburban dads like Steve Largent. It seemed like the Eastside was an Edge City gaining some edginess.

In 1990, Seattle Weekly launched a sister paper on the Eastside. I was the editor and publisher and we arrived because we saw the changes of the ‘70s and ‘80s—the spread of cafes, the yearning for arts, the demand for urban amenities and services—increasing. An essential part of that was reflected in moves by chains like University Bookstore were a sign that a new kind “psychographics” was emerging, a population that wanted something more than split-level, bedroom community isolation. A population of readers, for one thing, that didn’t want to have to cross a bridge for culture, or good coffee.

The trend has been a steady, prosperous for Bellevue and the Eastside. Bellevue is in many ways more “urban” than Seattle now—certainly, it’s racially more diverse, which is complete flip from the white-bread suburbs of the ‘60s and ‘70s. It is now a majority minority city—the largest in the state!

Bellevue used to be Ronald Reagan country, but has been shifting “blue” politically since the early ‘90s. Light rail is coming, the cranes are still building, and the Edge City is now a big city in its own right. The seeds for that vision were planted long before the University Bookstore came to downtown Bellevue to serve hungry minds.

But the U-Bookstore’s move to Bellevue in the ‘80s was like an indicator species signaling to Seattleites and Eastsiders that the Puget Sound ecosystem was shifting. And boy, have they.