SRM Development
Dickson Crews Tear Down Stalled Bellevue Hotel Foundation, Clearing 4.5-Acre Site for SRM’s 146-Unit Altaire Project
The teardown ends a six-year stall on a Mercer Slough-adjacent parcel and resets the path for one of Bellevue’s largest affordable housing deliveries....
Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project
The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...
Bellevue Locks In 5,700-Unit Affordable Housing Target as Eastside Tech Boom Strains Market
The seven-year strategy more than doubles the city’s previous goal as record corporate leasing collides with rising rents and a regional construction slowdown....
Private Capital Tightens Grip on Washington Multifamily as Pierce County Heats Up
A Berkadia Q1 2026 report shows mid-market investors driving deal flow, institutional buyers retreating to scale plays, and a coming delivery cliff setting...
Bellevue Commits Record $37MM to Deliver 271 Affordable Units in Largest Housing Round in City History
Four developers secured funding to advance income-restricted apartments and ownership homes across the Eastside, with two projects breaking ground this year. Bellevue is...
Bellevue City Council Unanimously Advances 2026-32 Affordable Housing Strategy Targeting 5,700 Units Over Next Decade
Updated seven-year plan replaces 2017 strategy with expanded tools, new revenue sources, and preservation targets as median home prices approach $1.6 million on...
Bellevue Advances Record $37MM Affordable Housing Investment Spanning 271 Units Across Four Projects
The City Council’s largest single funding round draws from both the Housing Stability Program and a newly tapped Affordable Housing Fund to accelerate...
Amazon-Backed Altaire Project Advances as SRM Development Plans 146-Unit Affordable Housing Community Near Mercer Slough in Bellevue
Phase II of the two-building development at 991 118th Ave SE targets households earning as low as 30 percent of Area Median Income,...
SRM Development Pushes Forward With 211-Unit Astro Apartments Hotel Conversion in Seattle
Lower Queen Anne project reflects broader shift in urban residential strategies A six-story residential building steps from Climate Pledge Arena is moving forward...
SRM Development Secures $77MM in Refinancing for 135,000 SQFT Building at Google’s Kirkland Campus
By The Registry Staff SRM Development has secured a $77 million refinancing loan from New York Life Insurance Co. for Building E at...
SRM Development’s 98-Room Silver Cloud Inn in Bellevue Trades in Equity Deal for $20.1MM
By The Registry Staff A hotel property in Bellevue has traded hands in an apparent equity deal, as both the buyer and seller...
SRM Development Proposes 376-Unit Mixed-Use Project at Prominent Downtown Bellevue Site
In a high-visibility corner of Downtown Bellevue, a new residential and retail development is taking shape. SRM Development has submitted plans for 12...
