SRM Development
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...
SRM Development Buys Four-Building Multifamily Portfolio in Seattle for $76MM
By Kate Snyder A Spokane-based real estate company recently acquired multiple apartment complexes across Seattle in a $76 million portfolio deal, according to...
SRM Adds to Bellevue Portfolio, Purchases 11,285 SQFT Office Building for $20MM
By Catherine Sweeney SRM Development is adding to its large Bellevue portfolio with its recent acquisition of The Radford Building. Located at 10423...
Gridline Apartments in Seattle Obtain $60MM Construction Financing
JLL Capital Markets led the financing efforts for the 178-unit Gridline Apartments development in Seattle, Washington SEATTLE, May 12, 2022 – JLL Capital Markets announced...
SRM and DASH Partner to Build More Than 235 Low- and Middle-Income Affordable Apartment Homes Near Downtown Bellevue
Project advances with financing through Microsoft’s Affordable Housing Initiative that provides lower-cost capital to ensure long-term affordable rents February 28, 2022 – Bellevue,...
SRM Development Buys Holiday Inn Express in Bellevue for $32.5MM
By Meghan Hall A Holiday Inn Express under construction in Bellevue has traded hands. According to public records, Spokane, Wash.-based SRM Development purchased...
