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SRM News – January 2023
In partnership with Columbia Pacific Advisors, we are excited to announce that we’ve secured an $80 million construction loan for our upcoming 200-unit senior living project in San Jose, California!
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SRM Development expands scope, staff, revenue
As published in Spokane Journal of Business SRM Development LLC, a Spokane-based development and construction company that typically takes on projects far from home, has been steadily growing over the
Construction Loan Acquired for Senior Housing Project in San Jose
In partnership with Columbia Pacific Advisors, we are excited to announce that we’ve secured an $80 million construction loan for our upcoming 200-unit senior living project in San Jose, California!
Preserving Affordable Housing in
Seattle, WA
SRM is pleased to announce that it has closed on its first “affordable housing” transaction in partnership with The Urban League of Metropolitan Seattle. Together we were able to permanently
SRM News – November 2022
Construction is in full swing at the Vered on Ventura project in Encino, California! We are very excited to have this project underway as the majority of the development phase
SRM News – August 2022
Last month, thousands were welcomed to the grand opening of Feriton Spur Park, the expansion of the Cross Kirkland Corridor, and we’re excited to announce that Google Phase III Core
Feriton Spur Park Expansion Now Open
In July, we were pleased to present the Feriton Spur Park expansion to the community along with partners, Google, Kirkland Downtown Association, and the City of Kirkland! The occasion was
SRM Development Expands Senior Housing Footprint in California
Estimated Pipeline of 1,600 Units and Over a Billion Dollars We continue to grow our senior housing activities and portfolio in California with a pipeline of 1,600 units and over
SRM wraps up downtown Bellevue assemblage with $20M acquisition
As reported by the Puget Sound Business Journal SRM Development has paid $20 million for a large property on Main Street in downtown Bellevue, according to a deed King County
SRM News – May 2022
Over the past couple of months, great progress has been made on the site of Westmont of Carmel Valley in San Diego, California! All concrete foundations have been placed and
Crane Arrival in Culver City
On site of the future Westmont of Culver City, we have made great progress on concrete foundation work including structural footings, walls and columns as well as our underslab plumbing
Entering the Affordable Housing Market
We have recently partnered with the King County-based nonprofit housing developer, DASH (Downtown Action to Save Housing), and Microsoft Corp., to build 235 affordable apartment units south of downtown Bellevue.
SRM News – January 2022
Westmont of Culver City broke ground on January 10, 2022, and we are very excited to have the final project of the Senior Housing Fund I, LP underway! The project
SRM’s Latest Groundbreaking
We officially broke ground on our latest senior living project in San Diego, California in October 2021, but celebrated the groundbreaking December 14th, 2021! Westmont of Carmel Valley (5720 Old
SRM News – November 2021
We have broken ground on our Westmont of Carmel Valley senior living project! Demolition has wrapped up, and onsite grading will be complete in mid-December, paving the way for structural
Time Flies in Cypress, CA
With being days away from receiving our Certificate of Occupancy, let’s take a look back at the construction of Westmont of Cypress. A huge shout-out to the team we had
SRM News – August 2021
We are pleased to announce that work has officially begun on the Crystal Mountain Manufactured Home Community Project in Enumclaw, WA. SRM Construction is managing the land development phase starting
Caboose Takes Flight
It’s not every day you get to see a caboose soaring through the air! Last week, the Pacific Northwest Railway Caboose that has been sitting on the Google Kirkland Campus
SRM Launching Affordable Housing Division
PRESS RELEASE SRM Development launching new division to develop affordable housing units. Conor Hansen has joined SRM Development as the Managing Director of Affordable Housing Spokane – June
SRM News – May 2021
The Knights of Columbus project in the heart of Seattle’s Capitol Hill neighborhood is getting closer to breaking ground! We’re expecting to receive our Master Use Permit in July with
Exciting Progress in Cypress
At the site of Westmont of Cypress, the exterior of the building is substantially complete and is in the “punch” phase of work! Site work is in full swing with
Google Phase III is Looking Good
It’s been almost nine months since Foushée & Associates started construction at the site of Google Phase III in Kirkland, WA and things are looking good! The south half of
SRM News – January 2021
We are excited to announce that we will soon break ground on our senior housing project in the affluent Carmel Valley suburb of San Diego, California! This project, which is
SRM News – November 2020
We are pleased to announce that our Westmont of Milpitas senior housing project has received its Certificate of Occupancy! We anticipate State Licensing approval in the next few weeks with
Westmont of Milpitas Receives Its Certificate of Occupancy
We are pleased to announce that our Westmont of Milpitas senior housing project has received its Certificate of Occupancy! We anticipate State Licensing approval in the next few weeks with
Getting Closer to the Finish Line in West Covina
On the jobsite of Merrill Gardens at West Covina, progress continues and we are looking a substantial completion date around Labor Day! Currently, all exterior building finishes are complete, common
SRM News – July 2020
On June 30th, we closed on our purchase of a corner development site in the Fremont neighborhood of Seattle and it will be the future home of the Living Stone
Living Stone Office Building Purchase Closed
We are pleased to announce that on June 30th, 2020, we closed on the purchase of a corner development site in the Fremont neighborhood in Seattle. We have been working
Exciting Milestones Ahead in Cypress
The month of June marks a few big milestones on the Westmont of Cypress project. The first major milestone is the placement of our Level 2 concrete PT deck which
SRM News – April 2020
At the end of March, the sale of our Baxter on Broadway project in Oakland, CA closed for $81 million and we are very proud to have been a part
Baxter on Broadway Sells for $81MM
We are very excited to announce that on March 31st, 2020, the sale of Baxter on Broadway in Oakland, CA closed for $81 million! This represents a price per unit