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SRM Closes on $84M Affordable Housing Deal with Amazon Funds
Local developer SRM today announced the purchase of The Mill at First Hill, two buildings in Seattle’s First Hill neighborhood, which will permanently preserve 358 units of workforce housing. The $84 million
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Senior housing pitched for 8704 Sepulveda Boulevard in Westchester
A Staples office supply store just north of LAX in Westchester is up for redevelopment with senior housing, per a presentation published by the Neighborhood Council of Westchester Playa del
Gridline Apartments in the Blink of an Eye
https://youtu.be/9uaPK1cyJuI We are very excited to announce that the Gridline Apartments West Building has received its Certificate of Occupancy, and the North Building has earned its Temporary Certificate of Occupancy!
Altaire at Jackson Park Loan Closing
Additional data & commentary provided by The Registry, Puget Sound We are very excited to announce that right before the Christmas holiday, we closed on our first Low Income Housing
SRM News – October 2023
The Urban League of Metropolitan Seattle recently acquired a nearly 1.2-acre site, and we are very excited to be partnering with them as the developer of The Empowerment Center! The
Creative Lodging Solution for Cancer Patients
A new lodging facility for cancer patients traveling to the Spokane Area for oncology treatments broke ground earlier this month near Kendall Yards. Made possible by Cancer Can’t, a local
Urban League plans up to 300 affordable units in Rainier Valley
As seen in the Seattle Daily Journal of Commerce – September 15, 2023 An almost vacant block at 2001 Rainier Ave. S. sold this week for a little over $14.3
SRM secures construction loan for Microsoft-backed Bellevue workforce housing project
As seen in the Puget Sound Business Journal. Construction is expected to start later this month on this five-story affordable housing project in Bellevue, developer SRM announced on Wednesday. Developer
SRM News – June 2023
We are excited to announce that we have partnered with Merrill Gardens for our upcoming senior living project in Studio City, California. SRM will be the developer and contractor for
Gridline Apartments Construction in Action
Construction at the job site of the Gridline Apartments in Seattle, Washington continues with great progress! But let’s take a quick look at how it all started… https://youtu.be/MNkqEtdKWhA
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!
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