September 18, 2019
Pasadena, CA-based Alexandria Real Estate Equities, Inc. was selected by the City of Seattle to develop a roughly 800,000-rentable-square-foot mixed-use innovation campus. The future Mercer Mega Block development project will be built on the last large, undeveloped site, totaling nearly three acres, in Seattle’s Lake Union submarket.
Alexandria Real Estate Equities’ Joel S. Marcus says, “We envision our Mercer Mega Block development as a mission-critical campus that can drive the cross-pollination of life science and technology, spur world-class innovations to improve the human condition and significantly enhance the surrounding neighborhood.”
The pair of state-of-the-art, 13-story office/laboratory towers will bring together scientists, technologists and the neighborhood, and become a significant platform for growing innovation. The amenity-rich campus plan incorporates a 30,000-square-foot community center; on-site affordable housing; a chef-driven, farm-to-table restaurant; complementary ground-floor retail; and a newly improved pedestrian-only walkway on 8th Avenue surrounded by open and activated public spaces.
For comments, questions or concerns, please contact Dennis Kaiser