Development Will Include 175 Affordable Housing Units On August 7, Seattle mayor Jenny Durkan announced that the city, in its largest real estate transaction in history, was selling a nearly 3-acre parcel of land on Mercer Street known as the Mercer Mega Block. It is selling it to a private real estate developer called Alexandria Real Estate Equities Inc. for more than $138 million. The company, in turn, plans to develop the land into a pair of office buildings, a community center and an apartment building that will provide about 175 affordable homes. For some time now, the property has [...]