City of Mercer Island wants P3 for mixed-use development

Washington State- The city of Mercer Island is offering incentives for a private developer to build a mixed-use residential development and public parking garage. The city will provide $2 million and the land for the development. The project is located across the street from a light rail station that is scheduled to open in 2023. The three-quarter acre development site at the intersection of Sunset Highway Southeast and 80th Avenue Southeast includes the city-owned property and a former coffee house.

The city plans to rezone the property to allow a five-story development with ground-floor restaurant and retail space. Request for qualifications (RFQ) for this public-private partnership (P3) are due Oct. 5, with city tours of the site set for Sept. 11 and 20. Attendance is mandatory for anyone who plans to submit an RFQ.