Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ISSAQUAH, WA-Swedish Medical Center this week begins the transformation of a 55,225-sf office building here into the state’s first stand-alone emergency room. The Seattle-based nonprofit healthcare organization expects to complete the $18-million project early next year.The building, which is visible from Interstate 90, is known as I-90 Lake Place I, Building B. Owned by a state trust, it is located at 2005 N.W. Sammamish Rd., across from the entrance to Lake Sammamish State Park. Swedish inked a 20-year lease for the building earlier this year. The negotiated lease rate was not immediately available; if signed for the state’s asking rate of $1.50 per sf per month, the lease would cost Swedish an additional $20 million over the 20-year term.The renovation work will include significantly reconfiguring interior walls, upgrading HVAC equipment, adding systems for delivery of medical gases, installing a backup generator and constructing an entrance for emergency vehicles. In addition to the ER, the Swedish complex will include a medical-imaging center, a sleep lab and, on the second floor, a community health education classroom and offices for primary care and specialty physicians.Swedish also is hoping to construct a full-fledged hospital in Issaquah in the next several years. In June, it submitted the necessary Certificate of Need application with the state Department of Health for a $197-million, 175-bed hospital on one of two sites it has tied up. The preferred parcel is a 15-acre lot located in the Issaquah Highlands on the east side of Highland Drive that is owned by Port Blakely. The first alternate is the 30-acre Issaquah Gateway parcel at the northeast corner of SE Newport Way, north of Oakcrest Drive, which is owned by a local family. Also vying for approval for the right to develop a hospital in Issaquah is Bellevue-based Overlake Hospital Medical Center. It has applied to the state for approval of a new 120-bed, $203-million hospital at 6520 226th Pl. SE, which is an existing Overlake medical property off East Sammamish Lake Parkway near Interstate 90. “In their view, they are probably competing,” Karen Nidermayer, a Certificate of Need analyst with the state Department of Health told GlobeSt.com in August. “In our view, it’s a little too early to tell right now whether there is room for two more hospitals in Issaquah.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.