SRM Development and its partners have plans to develop Gridline Apartments, a multi-housing development under construction in Seattle.
JLL Capital Markets recently arranged $60 million in construction financing.
Located at 1421 Harvard Ave., the property is a 10-minute walk from Seattle’s Central Business District, providing future tenant’s access to nearly 330,000 jobs and prominent technology employers in the adjacent South Lake Union submarket. The site is surrounded by Seattle’s First Hill medical hub with four nationally known hospitals, and Seattle’s Pike Pine corridor is directly adjacent to the project, serving as one of Washington’s most popular nightlife destinations. A variety of public-transit options are walking distance from the site, including Link Light Rail Station, Metro Bus stations and the First Hill streetcar.
“Seattle continues to be a top market for the most competitive capital sources in the construction finance industry, driv
