Steve Smith Development
Son of WPI Real Estate’s owner, Shaio-yen Wu, Steve and his team have been building an impressive resume of successful projects in the multifamily industry. By carefully assessing each step in the development process—from market research and site selection to design, construction, marketing and customer service—they have delivered high-quality apartment, condominium and mixed-use projects that have commanded premium pricing. Steve’s track record includes over 40 different projects totaling nearly 4,000 dwelling units. This includes projects that he developed and built and also projects that he only entitled and then sold to other developers who later built the project. In 2005 the company entered the affordable senior apartments market by teaming up with SHAG (the Senior Housing Assistance Group) to build the 206-unit Cedar Park apartments in Seattle’s Lake City neighborhood. This project was financed utilizing state tax-exempt bonds and federal tax credits allocated by the Washington State Housing Finance Commission. The project was completed in 2008 and has enjoyed remarkable success, achieving 95% occupancy in an otherwise difficult rental market for landlords.
Our Growing Portfolio
The Savoy Lake City
Address: 13730 Lake City Way NE, Seattle
Year: 2013
Units: 178
Interurban Senior Living Apartments
Address: 14002 Linden Ave N, Seattle
Year: 2013
Units: 178
Victoria Park Apartments
Address: 13716 Lake City Way NE, Seattle
Year: 2011
Units: 152
Cedar Park Apartments
Address: 12740 30th Ave NE, Seattle
Year: 2009
Units: 206
Holman Road Townhomes
Address: 10134 Holman Rd NW, Seattle
Year: 2008
Units: 18
Matae Condominiums
Address: 159 Denny Way, Seattle
Year: 2006
Units: 81
Maxwell Condominiums
Address: 700 E Denny Way, Seattle
Year: 2005
Units: 53
Jeffrey Apartments
Address: 412 11th Ave, Seattle
Year: 2002
Units: 72
Converted to Epic Condominiums in 2006
Oliver Apartments
Address: 1125 E Olive, Seattle
Year: 2002
Units: 62
Converted to Onyx Condominiums in 2006
Mosaic Apartments
Address: 668 S Lane St, Seattle
Year: 2002
Units: 75
Converted to Asia Condominiums in 2006
Landings Lake Union Condos
Address: 3919 Latona Ave N, Seattle
Year: 2000
Units: 27
Solara Apartments
Address: 12724 Lake City Way NE, Seattle
Year: 1999
Units: 238
This site was built by a joint venture consisting of the Fortune Group & Simpson Housing Co.
Harvard Off Broadway Apartments
Address: 212 Harvard Ave E, Seattle
Year: 1997
Units: 20
Maple Knolls of Richmond Beach
Address: 20048 15th Ave NW, Shoreline
Year: 1996
Units: 31
Lake Washington Heights Condos
Address: 15020 Bothell Way NE, Lk Forest Park
Year: 1995
Units: 31
Cornerstone Queen Anne
Address: 500 Aloha St, Seattle
Year: 1994
Units: 35
Brookhaven Apartments
Address: 30823 18th Ave S, Federal Way
Year: 1991
Units: 72
Hazelton Apartments
Address: 4328 7th Ave NE, Seattle
Year: 1990
Units: 27
Pinehurst East Condos
Address: 12026 15th Ave NE, Seattle
Year: 1989
Units: 18
Entitlement Projects
These projects were entitled by Steve Smith and then sold to other development companies which then later built the project.
Cairns Apartments
Address: 422 Tale Ave N, Seattle
Year: 2003
Units: 101
This site and its entitlements were sold to Seamark Development which built the project
Braeburn Condominiums
Address: 1400 E Pine, Seattle
Year: 2003
Units: 153
This site and its entitlements were sold to HAL Real Estate Investments, Inc., which built the project
Guenivere Apartment
Address: 522 85th St, Seattle
Year: 2001
Units: 141
Alcyone Apartments
Address: 301 Minor Ave N, Seattle
Year: 2001
Units: 143
This site and its entitlements were sold to Vulcan Real Estate Co., which built the project
Tobira Condominiums
Address: 108 5th Ave S, Seattle
Year: 2001
Units: 88
This site and its entitlements were sold to another developer who built the project
Vine Condominiums
Address: 2605 Western Ave, Seattle
Year: 2000
Units: 174
This site and its entitlements were sold to Intracorp Development Co., which built the project
Ballard Condominiums
Address: 1545 NW 57th, Seattle
Year: 2000
Units: 166
This site and its entitlements were sold to Continental Pacific Development Co., which built the project
Bellora Condominiums
Address: 2708 Elliot Ave, Seattle
Year: 2000
Units: 89
This site and its entitlements were sold to Murray Franklin Homes, which built the project
M Street Apartments
Address: 900 8th Ave, Seattle
Year: 2000
Units: 150
This site and its entitlements were sold to a joint venture of Holland Partners & OPUS Northwest, which built the project.
Belle Arts Apartments
Address: 111 108th Ave NE, Bellevue
Year: 2000
Units: 128
This site was sold to SECO Development Co., which built the project and then later Equity Residential Co. bought the project and converted it to condominiums
Canal Station Condominiums
Address: 5451 Leary Ave NW, Seattle
Year: site sold in 1999, construction complete 2007
Units: 190
This site and its entitlements were sold to Continental Pacific Development Co., which built the project.
Allegro Apartments
Address: 4115 Roosevelt Way NE, Seattle
Year: 1999
Units: 141
This site and its entitlements were sold to SRM Development Co., which built the project.
Portico Apartments
Address: 404 Terry Ave, Seattle
Year: 1999
Units: 45
This site and its entitlements were sold to another developer who built the project.
Lenora Apartments
Address: 211 Lenora Street, Seattle
Year: 1998
Units: 107
This site and its entitlements were sold to SRM Development Co., which built the project.
Pete Gross House
Address: 525 Minor Ave N, Seattle
Year: 1997
Units: 70
This site and its entitlements were sold to SRM Development Co., which built the project.
Aldercrest Apartments
Address: 303 10th Ave, Seattle
Year: 1997
Units: 47
This site and its entitlements were sold to SRM Development Co., which built the project.
Second Street Apartments
Address: 11115 NE 2th Street, Bellevue
Year: 1997
Units: 80
This site and its entitlements were sold to Mastro Properties, which built the project.
Evanston Apartments
Address: 600 N 85th Street, Seattle
Year: 1996
Units: 40