The $900 millionheadquarters project is no longer a priority for KaiserPermanente.
OAKLAND, CA—Dealing another blow to an economy already sufferingfrom health-related causes, Kaiser Permanente has scrubbed its $900million 29-story headquarters project, GlobeSt.com learns. Kaiser'sproject was expected to generate an estimated $23 million inone-time taxes and fees on top of another $15 million in annualtaxes.
Oakland's largest private employer was planning to relocateapproximately 7,000 employees from seven East Bay offices into the1.6 million-square-foot office tower. But for now, Kaiser plans tostay put.
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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.
