The land is adjacent Kaiser's existing 28-acre campus, whichholds buildings totaling 481,881 sf. The company has said it maysell the campus, but also has expressed interest in retaining theproperty as an income-producing investment.
The first phase of the project, a medical office building, isslated to break ground in early 2001 and open two years later, withhospital facilities opening in 2006. Kaiser will keep its existinghospital open during construction of the new building, tentativelyplanned to include 350 beds.
Kaiser's first area open-heart surgery program will be housed inthe new complex, the idea for which was born in early 1990s, whenKaiser first bought the land. Kaiser is also planning newconstruction in Vallejo and Redwood City.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
