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Group Health Partners with Vulcan for New HQ

SEATTLE-Group Health will be part owner and anchor tenant, occupying 185,000 sf of a two-building 320,000-sf mixed-use project. The build site is on Westlake Avenue, south of Denny Way in Seattle's South Lake Union neighborhood, where Vulcan owns some 60 acres and has 900,000 sf under development.

By Brian K. Miller | Updated on September 21, 2005

SEATTLE-Group Health Cooperative is partnering with Vulcan Inc. for development of a 320,000-sf mixed-use project on Westlake Avenue south of Denny Way in Seattle’s South Lake Union Neighborhood. Group Health will be a part owner of the two-building complex and its anchor tenant, occupying 185,000 sf that will house the health care system’s headquarters. Construction is scheduled to begin in early 2006, and occupancy is expected to occur in late 2007.

The development site is a full city block bordered by Westlake Avenue North to the west, Terry Avenue North to the east, Harrison Street to the north and Thomas Street to the south. It will be a short move for Group Health. The company’s current headquarters are located in leased space at 6th Avenue and Wall Street, one block off the intersection of Denny Way and Aurora Avenue (Highway 99).

The new facility will house about 700 of the approximately 10,000 employees of Group Health Cooperative, Group Health Permanente, and Group Health Options Inc., including the executive leadership team. The deal is being structured as a lease and a joint venture, with Group Health sharing an undisclosed ownership interest with Vulcan, which will manage the development.

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