A plot of land owned by the city of Seattle will soon turn into a new campus for the Pacific Northwest metropolis’ rapidly growing life sciences sector.
Life sciences developer Alexandria Real Estate Equities has an agreement with the city government to buy a 2.86-acre parcel known as the Mercer Mega Block, in the South Lake Union neighborhood that is a hub for numerous large and small companies, including Amazon’s headquarters. The deal still requires approval by the city council, but it will include a mixed-use life sciences campus, the company said. Mayor Jenny Durkan’s office said the development would also include low- and middle-income housing.
