Innovation Campus Includes $5M Homeless Initiative
Alexandria was selected by Seattle to develop an approximately 800,000 rentable-square-foot mixed-use innovation campus, and the firm will include $5 million toward initiatives to address homelessness.
SEATTLE—Alexandria Real Estate Equities Inc., an urban office REIT and the first and longest-tenured owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations, was selected by Seattle to develop an approximately 800,000 rentable-square-foot mixed-use innovation campus. The future development project, which holds the promise of addressing some of society’s most pressing challenges, will be built on the last large, undeveloped site, totaling nearly 3 acres, in the South Lake Union submarket.
Alexandria’s urban development plan supports its mission to enable the world’s most innovative organizations to cure disease. Reflecting the company’s holistic approach to making a meaningful and lasting impact on the communities in which it develops and operates, its community-centric vision prioritizes sustainable building practices and contributes substantial philanthropic support, including $5 million toward initiatives to address homelessness in Seattle.