SRM Development
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...
SRM Development’s 220-Unit Residential Tower in Bellevue Met with Design Review Approval
By Kate Snyder Bellevue could soon see more housing added to the area. The design for an eight-story residential tower was recently approved...
Amazon’s Housing Equity Fund Announces $122MM Commitment for More Than 1,700 Affordable Homes Across Puget Sound
Amazon announced today that since December 2023, the company’s Housing Equity Fund (HEF) has committed more than $122 million to help preserve and...
SRM Development & Urban League Look to Bring 207-Unit Altaire at Jackson Park to Life in North Seattle
In a landmark development for affordable housing in Seattle, SRM Development and the Urban League of Metropolitan Seattle have joined forces to create...
Urban League of Metropolitan Seattle Acquires 1.19-Acre Site in Seattle for $14.35MM
City of Seattle’s Office of Housing, Washington State Housing Finance Commission and Microsoft Provide Partial Financing for Acquisition and Development of Future Building,...
SRM Development Buys 30-Unit Apartment Complex Slated for Redevelopment in Bellevue for $14.1MM
By Kate Snyder Bellevue’s multifamily market transactions remain steady. A recent deal involved a 30-unit apartment complex trading hands for $14.1 million, or...
SRM Development Secures $24.3MM in Financing for Six Affordable Housing Assets in Seattle
JLL Capital Markets arranged the acquisition financing for the 354-unit, SEDU portfolio through Fannie Mae, as well as the Amazon Housing Equity Fund...
