City Seeks Partner to Develop Commuter Parking and Mixed-Use Project
Sept 7, 2018 - The City of Mercer Island is seeking innovative and capable property developers to design and build a development consisting of a City-owned commuter parking facility, and a mixed-use residential/commercial structure. The location is a premier site, adjacent to the future Sound Transit Light Rail Station and centrally located in Mercer Island’s Town Center. This is a unique opportunity to participate in a public-private partnership and develop a gateway connection between the City’s Town Center and the station’s east entrance off 80th Avenue SE (opening in 2023).
“The City is excited to partner with an experienced and innovative developer to create a well-integrated, aesthetic project that brings additional vibrancy to the Town Center,” stated Mayor Debbie Bertlin.
The City’s primary objective for this development is the construction of 100 or more commuter parking spaces. Additional community benefits the City is seeking include:
- Public Open Spaces - An attractive and functional open space and pedestrian/bicycle connection between the project site, Town Center, and the Sound Transit light rail station.
- Well-Designed Integration – A project that integrates and enhances the Greta Hackett Outdoor Sculpture Gallery into the design.
- Arts & Cultural Events and Spaces – Inclusion of arts performances, education and collaboration venues.
- Housing Diversity – The community has a strong interest in adding workforce housing as well as additional condos to the Town Center area
The City intends to create a single parcel by assembling two separate properties, consisting of the “Tully’s” property (7810 SE 27th Street) and a portion of the City’s current land on Sunset Highway. The Tully’s property is currently under contract with the City. The City will offer the winning proposal development rights on the assembled parcels to provide commuter parking and mixed-use development. The City will also be offering approximately $2 million toward parking costs, residential multifamily property tax exemption, priority permitting, community engagement support, contribution of public infrastructure/art, and site remediation financial assistance.
The full details of the RFQ process can be found here; submittals must be complete by October 5, 2018.
For more information, contact Bob Stowe, Stowe Development & Strategies at email@example.com or at (206) 999-1099.
Read more about efforts to expand commuter parking.