We're working with the City of Redmond to support TOD at the future Overlake Village Station, with the primary goal of creating much-needed affordable housing. TOD could also include a mix of ground floor retail and community spaces, to support the new housing, as well as help foster a vibrant neighborhood that’s seamlessly connected to regional transit.
Over the past couple of years, Sound Transit, the City, and other partners have investigated how to support TOD at Overlake Village Station. First, Sound Transit conducted community engagement in 2021 and 2022. We learned a lot about the community’s vision for TOD near the new station and the needs it could fill (read our report on that equitable community engagement process here). In addition, Sound Transit conducted a feasibility study, to decide what could be built on the site.
Based on this information, Agency staff presented an offering strategy to the Sound Transit Board of Directors, which approved offering this site to Qualified Entities – non-profit housing developers, public housing authorities, and local governments – for the development of affordable housing. With this course of action approved, the Agency published a Request for Proposals seeking Qualified Entities for the redevelopment of the site on Nov. 9, 2022.
Through the RFP process, Sound Transit selected Bellwether Housing, which proposes to construct 333 affordable housing units. This housing will be for tenants with incomes between 30% and 80% of the area median income, with the average benefitting those earning 50% or below the area median income. These units will be comprised of studio, 1-bed, 2-bed, and 3-bed units. In addition, Bellwether proposes to construct ground floor commercial space for retail, community-based organizations, and public partners to serve the community and transit riders.
Sound Transit and Bellwether are now developing the project agreements, which will need to be reviewed and approved by the Sound Transit Board of Directors. Bellwether expects to break ground on the project in 2025, and open to residents in 2027.
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- Two acres of land (roughly the size of two football fields) are available for affordable housing development.
- Site groundbreaking expected in 2025 and opening in 2027.
- View our Overlake Village Station TOD project fact sheet