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October 27, 2020
Plymouth Housing and Bellwether Housing started construction this month on a 17-story low-income apartment project in Seattle's First Hill neighborhood.
Bellwether has said it will be the first high-rise housing built by a nonprofit in the city, although some of those nonprofits own high-rises built by others.
The project will include two distinct apartment complexes with separate addresses: 1014 Boylston Ave. for Plymouth's part and 1400 Madison St. for Bellwether's part.
The developers will each operate their complex. On floors one through five, Plymouth will have 112 studios for seniors who have experienced chronic homelessness and three live-in staff units. Bellwether will have 250 apartments on floors six through seventeen, including studios and one, two and three-bedrooms.
The project will also have retail on the ground floor, owned and operated by Plymouth, and 10 parking stalls on-site for staff.
Bellwether's apartments will be called The Rise on Madison. They will be for renters making up to 60% of the area median income.
Plymouth has not unveiled a name yet for its apartments, which will be for seniors making up to up to 30% of the AMI.
Weber Thompson designed the project and Turner Construction is the general contractor.
The team also includes Finem Investment and Development, high-rise development consultant; GeoEngineers, geotechnical engineering; Hewitt, landscape architect; Kantor Taylor, attorney; KPFF Consulting Engineers, civil and structural; Rushing, MEPF design; and Morrison Hershfield, building envelope.
The $147.5 million project is slated for completion in August 2022. Of that, Plymouth's cost is $43.5 million and Bellwether's is $104 million.
Plymouth said its funders are Bank of America, City of Seattle Office of Housing, Enterprise Community Investments, King County Department of Community and Human Services, Plymouth's PROOF Campaign donors, Washington State Housing Finance Commission and Washington State Housing Trust Fund. It said the First Hill Improvement Association, a community group, has been major supporter of the project.
Bellwether said its funders are Bank of America, Building Opportunity Capital Campaign Supporters, Citibank, City of Seattle Office of Housing, Enterprise Community Partners, Washington State Housing Finance Commission and Washington State Housing Trust Fund.
The building will be near jobs, Seattle Central College and Seattle University, and a streetcar line.
The project involved Sound Transit transferring the site at no cost. Bellwether has said high-rise construction is typically more expensive, but the donated land and only minimal parking helped make the per-unit cost in the 17-story building comparable to what Bellwether has paid for mid-rise construction.