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Real Estate Development

The Real Estate Development Team oversees new developments, acquisitions, and rehabilitations. They manage all development phases–from planning to opening–including site selection, financing and real estate transactions, construction management and community engagement.  Some developments are owned and operated by Bellwether, and some involve developing joint ventures or operating agreements with partner organizations. 

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Consulting Services

In addition, we offer consulting services in real estate development, financing, construction management, and jurisdictional planning for affordable housing in Washington State.

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BELLWETHER BUILDINGS IN DEVELOPMENT

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Bellwether Greenwood

Bellwether Greenwood

Greenwood

53 Homes

Creating 53 new homes next to the North Seattle Boys & Girls Club in Greenwood.

Opening

2026

Prisma

Prisma

Redmond Overlake Village

332 Homes

Bellwether is developing transit-oriented, affordable rental housing adjacent to the Overlake Village Station in Redmond. The Prisma (formerly Overlake Apartments) will provide 332 homes for low to moderate-income households (30-80% AMI).

Opening

2027

Kingway Redevelopment

Kingway Redevelopment

Rainier Valley, Hillman City

280 Homes

Bellwether Housing is planning to redevelop the Kingway Apartments.

Opening

2028 (Phase 1)

Sunbreak

Sunbreak

University District

244 Homes

Working with the University of Washington and Seattle Housing Authority, Bellwether is developing Sunbreak tower. This mixed-income high-rise will provide affordable rental housing for workers and families near the UW campus and rapid transit.

Opening

2027

Thunderbird Nest

Thunderbird Nest

Northgate

192 Homes

In partnership with Chief Seattle Club and North Seattle College, Bellwether Housing is developing Thunderbird Nest. This mixed-use building will provide affordable rental housing for individuals and families, and a ground floor education space operated by North Seattle College near the Northgate station.

Opening

2028

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