Prisma

Project facts 

• Location: Overlake Village Station, Redmond
• Site Area: ±2 acres across 2 blocks
• Development Partner(s): Bellwether Housing
• Architect: Perkins Eastman
• Contractor: Walsh Construction
• Program: 328 affordable homes, 16,000+ sf ground floor commercial and community space
• Status: Construction

About this project 

Sound Transit is working with the City of Redmond to bring transit-oriented development to the future Overlake Village Station area. This project will create much-needed affordable housing as well as a mix of ground-floor retail and community spaces. TOD near the Overlake Village Station will help foster a vibrant neighborhood seamlessly connected to regional transit. 

Sound Transit conducted community engagement in 2021 and 2022 to understand the community’s vision for TOD near the new station and the needs it could fulfill (read our report on that community engagement process here). Sound Transit then conducted a feasibility study to inform what could be built on the site.

Development updates 

In 2023, Sound Transit issued a Notice of Intent to Award to Bellwether Housing. Prisma, their proposed project is a 6-story mixed-use project with 328 units of affordable housing, active businesses on the ground floors, and space for a community hub, and open space.

The proposed project will include 505 bedrooms across studio, one-, two-, and three-bedroom homes for individuals and families with incomes between 30% and 80% of area median income. Ground floor commercial space for retail, community-based organizations, and public partners to serve the community and transit riders.  

The project was awarded low-cost financing from Amazon and a grant from Microsoft. Public funds were awarded by King County DHCS, WA Housing Trust Fund, and Sound Transit’s bond cap partnership with the Washington State Housing Finance Commission.

Construction commenced in February 2026 and is expected to take approximately two years to complete. Sound Transit will support coordination for ongoing construction activities, which are anticipated to continue through 2028.