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Construction crane on a site
AECFinanceIndustry NewsResidential

Mercy Housing Northwest, El Centro de la Raza Break Ground on $170MM, 400-Unit Affordable Project at Seattle’s Mount Baker Station

Construction is underway on the first 239 apartments of a 400-unit, $170 million affordable housing redevelopment on the former University of Washington laundry...

Space Needle between two apartment buildings in Seattle
AECIndustry NewsResidential

Bellwether Housing, Chief Seattle Club Set $74.5MM Budget for 200-Unit Thunderbird Nest at North Seattle College

Bellwether Housing and Chief Seattle Club have put a name, a price tag and a schedule on the 200-unit, Native-focused affordable housing project...

Home under construction
AECFinanceIndustry NewsResidential

PGIM Stacks $22.7MM Mezzanine Loan on SRM Development’s Brizo Apartments in Downtown Bellevue

PGIM's real estate structured debt strategy has supplied a $22.7 million mezzanine construction loan for a 220-unit SRM Development apartment project in downtown...

Bellevue Skyline
AECIndustry NewsResidentialRetail

SRM Clears Downtown Bellevue Corner, Wins State Backing for $9.5MM Cleanup Ahead of 376-Unit 12 Bellevue

With the old Jack in the Box and 7-Eleven buildings now demolished, SRM Development has secured a Washington Department of Ecology opinion that...

money roll
AECFinanceIndustry NewsResidential

SRM Development Lands $72.5MM Bank OZK Construction Loan for 239-Unit Brizo Apartments in Downtown Bellevue

Spokane-based SRM Development has lined up $72.5 million in construction financing from Bank OZK to build Brizo, an eight-story, 239-unit market-rate apartment building...

Rendering of apartment building design
AECIndustry NewsResidential

Seattle West Design Review Board Gives Support to Alexandria Real Estate’s 254-Unit Uptown Apartment Tower

Seattle's West Design Review Board unanimously recommended approval of Alexandria Real Estate Equities and Washington Holdings' plan to demolish a 1962 lab campus...

hard hats
AECIndustry NewsResidential

Demolition Begins on 438-Unit Affordable Housing Project Near Mount Baker Station

Demolition crews have started clearing the north parcel of Seattle's long-planned Mount Baker Redevelopment Sites, marking the first visible construction activity on a...

Aerial view of Lake Whatcom, Bellingham, Washington, USA
AECIndustry NewsResidential

Mercy Housing Northwest Advances 74-Unit, $36MM Affordable Senior Community in Bellingham’s Old Town

Mercy Housing Northwest has firmed up plans for a 74-unit affordable housing building for low-income seniors on a half-acre lot in Bellingham's Old...

Rendering of apartment building design
AECIndustry NewsResidential

Alexandria Real Estate and Washington Holdings Advance 250-Unit, 270,400 SQFT Residential Tower in Uptown Seattle

A life science REIT teams up with Seattle's preeminent office tower owner to advance a 250-unit apartment project in Uptown — seeking a...

Rendering of apartment building in Bellevue
AECIndustry NewsResidential

Capstone Partners, PGIM Request to Withdraw Bellevue Design Approval for 328-Unit Tower to Position Under New Affordable Housing Code

Capstone Partners and PGIM have strategically withdrawn design review approval for their 27-story, 328-unit residential tower at 305 108th Avenue NE in downtown...

Planning session with a board
AECCommercialFeaturedIndustry NewsResidentialRetail

Bellevue Readies Draft Policies for Factoria as Eastside Office Rents Climb and Mall Redevelopment Advances

The city's Great Neighborhoods planning process enters the Refine phase with a May 7 open house, setting a 10- to 20-year blueprint for...

Rendering of apartment building in Bellevue
AECIndustry NewsResidential

City of Bellevue Grants Design Review Approval to Capstone Partners’ 27-Story, 328-Unit Residential Tower

The project, designed by Runberg Architecture Group and developed in partnership with PGIM, replaces previously approved office plans on a 0.78-acre parcel flanked...

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