Prisma is a climate-conscious, transit-oriented development designed for affordability, long-term resilience, and community well-being.
The building includes multiple amenities and features several on-site partnerships, including Friends of the Village Collective, the City of Redmond, and Hopelink.
Notable Amenities & Services
- Amenities: Two landscaped courtyards offer the residents a variety of shared open space opportunities which include two separate structured play areas for kids of different ages, an adjacent 5,000 sf. interior flex amenity space including business center, kitchen, children’s room, theater room, interfaith room, a series of quiet socializing areas for smaller groups to gather around each floor, as well as a dog wash spa, electric vehicle charging stations, secure package delivery and direct access to the Overlake Light rail station.
- Friends of the Village Collective, a cross-cultural, multi-organization collaboration of nonprofit organizations that service the Eastside, will occupy approximately 10,000 square feet of ground floor commercial space. Known as the Wayfinder HUB, it will provide small business incubation and support, a digital literacy and media lab, and culturally informed community services. The commercial space includes support and networking space, officing spaces for nonprofit organizations, a commercial kitchen for emerging businesses, event space, classes, and workshops. Adjacent ground floor open space will be used by food pop up marketplaces and food trucks.
- City of Redmond will occupy approximately 1,700 square feet of ground floor commercial space that will provide select city services for all residents in the Overlake Village neighborhood. The city’s presence plays a vital role in supporting economic opportunities for disadvantaged community members and providing beneficial services that align with the broader goals of creating an inclusive, community-oriented development.
- Hopelink will provide resident services on-site for all of Prisma’s residents, introducing them to a vast array of services. King County Developmental Disabilities Division (KCDDD) will provide referral and case management services for all of Prisma’s intellectually and/or developmentally disabled residents.
Design Features
- The building parti is inspired by multi-colored transit line maps. Floors are broken into neighborhood “lines” which are reflected by the varied facades. Exterior materials and colors are further arranged on facades to convey a sense of movement of trains on the adjacent light rail line. The many colors reflect the prism of diversity and opportunity made possible by the development.
Construction Information
- Site is a full block Trapezium which created unique inside corner units, elevated courtyards and supported the architectural parti or organizational concept for the building design. A small 16,000 sf detached parcel will be improved and transfer to the City of Redmond parks department to work in conjunction with the city services office within the development.
Sustainability Features
- Fully electric with no natural gas, the building exceeds code with high-efficiency systems including heat pumps, solar renewable energy, and low-flow water fixtures. A rooftop solar PV array provides over 150,000 kWh per year, meeting up to 20% of the building’s house energy for common areas and the hot water system.
- Located on a Greyfield site steps from light rail and community resources, Prisma encourages low-carbon living with EV charging and generous bike storage. Landscaped with native plants and efficient irrigation, it prioritizes water conservation and environmental health. The design incorporates extensive community and resident input, reserves units for adults with intellectual and developmental disabilities, and emphasizes healthy indoor environments, walkability, and social connection.
Community Engagement
- FVC members have been actively engaged in building design and resident amenity areas. The building design includes work by local artist Kay Bae and others to depict the vision of the project through Prisma.
Financials
| Total Cost | $171 million ($169 million residential) |
| Funding Stack | Construction / Perm Lender: CITI Bank Tax Credit Investor: Enterprise Community Partners Soft Lenders: ARCH HTF, King County TOD, Washington State HTF, Amazon Housing Equity Fund, Evergreen Impact Housing Fund, Bellwether Sponsor Loan Reduced Land Sale: Sound Transit |
Project Partners
