Altaire at Queen Anne, a 114-unit affordable rental housing development offering studio, one-, two-, and three-bedroom apartments, has broken ground in Seattle.
The project transforms a five-year vacant site into housing in one of the city’s higher-cost neighborhoods. The development is being built by the Urban League of Metropolitan Seattle and SRM, in partnership with the Seattle Office of Housing, Amazon’s Housing Fund, the Washington State Housing Finance Commission, Citibank, and PNC Bank.
The project team also includes Runberg Architecture Group, AMH Design, LLC, KPFF Consulting Engineers, Brumbaugh Landscape Architecture, Emerald City Engineers, Inc., Terracon, NV5, DCI Engineers, and Duncanson Surveying. Move-ins are anticipated to begin in November of 2027.
Located at 118 W Mercer Street, the seven-story affordable housing apartment will feature an outdoor patio with a dog run, a green roof, and a resident lounge. SRM is headquartered in Spokane and has an additional office in Kirkland.
ARCTRUST Private Capital and Edison Equity Residential broke ground on Serenova at Dripping Springs, a 175-residence, 55+ age-restricted community in Dripping Springs, Texas. The groundbreaking follows the August closing of the project’s construction loan, provided by North River Partners. This project follows the duo’s effort on Serenova at Woodforest, which broke ground in October 2025. Located adjacent to...
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An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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