Mission & Concept
A jointly-operated development by Plymouth Housing and Bellwether Housing that provides essential services and housing through a unique partnership.
Within this 17-floor building are two distinct apartment complexes: Plymouth operates Blake House on floors two through five—focused on serving seniors and veterans who have experienced chronic homelessness—and Bellwether operates The Rise on Madison (The Rise) on floors six through 17—serving families making 60% or less of area median income with 10% of those homes featuring two and three bedrooms.
Notable Features
- The development encourages transit use by minimizing on-site parking (no below-grade parking), and linking residents to nearby light rail, street car, and buses.
- Offers over 4,000 feet of ground floor commercial retail space.
- Swedish Health Services offers on-site medical care.
- Complies with Washington State Evergreen Sustainable Development Standards.
- A 0.28 KwH PV system on the roof provides additional funding points above and beyond ESDS and Seattle Energy Code.
- The project utilizes an all-electric Air to Water Heat Pump Domestic Water Plant.
Links
- https://www.bellwetherhousing.org/post/plymouth-housing-and-bellwether-housing-celebrate-first-affordablehigh-rise-development-in-50-years
- https://plymouthhousing.org/2023/03/28/blake-house-seattles-1st-affordable-high-rise-in-over-50-years/
- https://www.soundtransit.org/system-expansion/creating-vibrant-stations/transit-oriented-development/projects/rise-madison-blake
“This development represents so much of what is great about Seattle—support for an innovative development that will serve a broad range of needs, collaboration among committed partners, and a deep commitment to ensure that lower income people have a place in this city.”
– Susan Boyd, Bellwether CEO
Financials
| Total Cost: | $81,000,000 |
| Residential: | King County HFP, WA HTF, Capital One construction loan, Hudson Housing Capital LIHTC equity, Citi perm loan |
| Commercial: | NMTC equity, federal direct appropriation, state direct appropriation, King County, WSHFC, Enterprise perm loan, capital campaign funds |
Project Partners
