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Proposed Commuter Parking and Mixed-Use Project Receives Nine Submissions

Oct. 9, 2018 – In early September, the City of Mercer Island put out a Request For Qualifications (RFQ) 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 deadline for RFQ submissions was Friday, October 5 and the City received nine submissions from the following teams:

-- Columbia Pacific Advisors, LLC (CPA)
-- Imagine Housing
-- Lowe
-- Mainstreet Property Group LLC
-- Reve Development
-- Shelter Holdings / Weinstein A+U
-- Stream Real Estate Partners
-- Trammell Crow Company (High Street Residential)
-- White/Peterman Properties, Inc. (WPPI)

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 in 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 (map), consisting of the old “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 submission development rights on the assembled parcels to provide commuter parking and mixed-use development, and will also be offering approximately $2 million toward parking costs. The City may also offer residential multifamily property tax exemption, priority permitting, community engagement support, contribution of public infrastructure/art, and site remediation financial assistance.

An Evaluation Committee consisting of City staff and outside technical advisors will be reviewing the submissions and narrowing down the pool to a group of four to five semifinalists. All RFQ submissions will be made available on the City’s website by Friday, October 12, after staff has had time to review all of the submissions for completeness and/or proprietary information.

The City will also post on its website by Friday, October 12, the semifinalists being invited to participate in an interview and community presentation/Q&A meeting scheduled for Monday, October 22, 6:30-8:30 pm, at the Mercer Island Community and Event Center.
 
The City Council is currently scheduled to review all RFQs and the top finalists for consideration on Thursday, November 15, 2018. The selected company will then enter into negotiations for an Exclusive Negotiation Agreement (ENA). Following formal Council adoption of the ENA, the City will work closely with the community and developer to design the project.
 

For more information:
Contact Bob Stowe, Stowe Development & Strategies, at bob@stoweds.com or at (206) 999-1099.






 



 

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