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May 21, 2020
As the DJC first reported last month, Ryan Cos. paid over $46 million for the empty old Farmers Insurance headquarters on Mercer Island. Now the developer has confirmed that it'll give the building a makeover in the hopes of attracting a new tenant (or tenants). Ryan's Marc Gearhart said in a statement, “The investments we plan to make to this 1982 structure will modernize it for today's office user.” More significant is the likely redevelopment of the huge parking lot. He said, “We're also considering a residential use for a portion of the adjacent parking lot. We are excited to engage with the Mercer Island community to understand what we should consider when planning the next life for the property.” Outreach meetings begin this month. No architect has been named for a future residential component. Burgess Design is working on the office redo.