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July 29, 2021

SRM pays $18M for 3rd Bellevue apartment site

Real Estate Editor

In one of those rare deals that almost never happens, until it suddenly does, SRM Development has bought out all the residents of an old Bellevue condominium for just over $18.1 million. King County recently recorded the sale of The Polynesia, at 10113 N.E. 12th St. and related addresses, a little north of downtown.

Brokers were not announced. The deal was worth about $443 per square foot for the land, which spans a little less than an acre. It's on the corner of 102nd Avenue Northeast, about two blocks north of Bellevue Square.

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