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Plans Call for 316-unit Multifamily in Spring District

BELLEVUE, WA—Security Properties and Wright Runstad look to break ground in 2014.

By David Phillips | Updated on March 28, 2013

BELLEVUE, WA—Security Properties hopes to break ground next year on a 316-unit apartment project in the Spring District, a 36-acre development in Bellevue.

The Puget Sound Business Journal reported Wednesday that the company will work with Wright Runstad & Co., the Seattle-based developer of the 16-block Spring District. Security will buy 2.5 acres with an option to develop another 225 units on an adjacent property.

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