Steve Smith Development LLC
For more than 20 years Steve Smith and his team have been building an impressive resume of achievement and success 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.
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