The $900 million headquarters project is no longer a priority for Kaiser Permanente.
OAKLAND, CA—Dealing another blow to an economy already suffering from health-related causes, Kaiser Permanente has scrubbed its $900 million 29-story headquarters project, GlobeSt.com learns. Kaiser's project was expected to generate an estimated $23 million in one-time taxes and fees on top of another $15 million in annual taxes.
Oakland's largest private employer was planning to relocate approximately 7,000 employees from seven East Bay offices into the 1.6 million-square-foot office tower. But for now, Kaiser plans to stay put.
Oakland officials said the move was not related to disruptions due to COVID-19. Kaiser owns three Oakland office buildings and one in Alameda.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
