Thursday, June 11, 2026
Solana Beach developer breaks ground on Seattle community
PMB is developing the 225-unit, five-story senior living community with senior housing operator The Springs Living.
Image courtesy of The Springs Living
A rendering of The Springs Living at Issaquah Highlands being developed by PMB and The Springs Living in Seattle.
A rendering of The Springs Living at Issaquah Highlands being developed by PMB and The Springs Living in Seattle.
Solana Beach-based health care real estate developer PMB and senior housing operator The Springs Living recently broke ground on a 225-unit senior living community in Seattle.
The Springs Living at Issaquah Highlands, a five-story, 329,250-square-foot development, is expected to open in late 2028. It marks The Springs Living's first project in the Seattle metropolitan area.
The community will be located near Gateway Park and adjacent to Swedish Issaquah Medical Center.
The development team includes The Springs Living and PMB as co-developers, with financing provided by Harrison Street Asset Management, Huntington National Bank, BOK, MVB, First National Bank Alaska and Northwest Bank. Exxel Pacific is serving as general contractor, while Mackenzie and GBD Architects designed the project.
The project is the second collaboration between PMB and The Springs Living and represents The Springs Living's 24th senior community overall.
The development will include 114 independent living apartments, 84 assisted living residences and 27 memory care units, offering a continuum of services designed to accommodate residents' changing needs as they age.
Project leaders said the community is intended to address growing demand for senior housing options in the Issaquah area while creating hundreds of jobs in caregiving, hospitality, culinary services and operations.
"This project is a testament to the strength of the partnership between PMB and The Springs Living," Jake Rohe, PMB's managing partner and president, said in a statement. "This new senior living community is more than a new development; the project represents an investment in housing, jobs, and community infrastructure."
The community's location next to Swedish Issaquah Medical Center is expected to support greater coordination between housing and health care services for residents, according to the developers.
Bill Jencks, a partner and executive vice president at PMB, said the partnership aims to create communities that foster social connections and improve quality of life for older adults.
PMB specializes in health care real estate development across the continuum of care. The company said it has developed approximately $600 million in senior living projects and $6.5 billion in medical outpatient, post-acute and behavioral health facilities.
The Springs Living at Issaquah Highlands, a five-story, 329,250-square-foot development, is expected to open in late 2028. It marks The Springs Living's first project in the Seattle metropolitan area.
The community will be located near Gateway Park and adjacent to Swedish Issaquah Medical Center.
The development team includes The Springs Living and PMB as co-developers, with financing provided by Harrison Street Asset Management, Huntington National Bank, BOK, MVB, First National Bank Alaska and Northwest Bank. Exxel Pacific is serving as general contractor, while Mackenzie and GBD Architects designed the project.
The project is the second collaboration between PMB and The Springs Living and represents The Springs Living's 24th senior community overall.
The development will include 114 independent living apartments, 84 assisted living residences and 27 memory care units, offering a continuum of services designed to accommodate residents' changing needs as they age.
Project leaders said the community is intended to address growing demand for senior housing options in the Issaquah area while creating hundreds of jobs in caregiving, hospitality, culinary services and operations.
"This project is a testament to the strength of the partnership between PMB and The Springs Living," Jake Rohe, PMB's managing partner and president, said in a statement. "This new senior living community is more than a new development; the project represents an investment in housing, jobs, and community infrastructure."
The community's location next to Swedish Issaquah Medical Center is expected to support greater coordination between housing and health care services for residents, according to the developers.
Bill Jencks, a partner and executive vice president at PMB, said the partnership aims to create communities that foster social connections and improve quality of life for older adults.
PMB specializes in health care real estate development across the continuum of care. The company said it has developed approximately $600 million in senior living projects and $6.5 billion in medical outpatient, post-acute and behavioral health facilities.
