$72.5M Loan Clears Path for 239-Unit Apartment Building in Downtown Bellevue

SRM Development secured a $72.5 million construction loan from Bank OZK for Brizo, an eight-story, 239-unit market-rate apartment building in downtown Bellevue at 1051 108th Avenue NE. The project received its construction permit in August and will replace the 1977 Bellevue Vista Apartments complex. While this is regional development news affecting greater King County, it has minimal direct impact on Burien residents or local policy.