REAL ESTATE NEWS

KAISER PULLS THE PLUG ON OAKLAND HQ PROJECT

Published on Tuesday, March 24, 2020

Kaiser Permanente has canceled its $900 million 29-story headquarters project encompassing 1.6 million square feet, where it was planning to relocate approximately 7,000 employees from seven East Bay offices.

 

OAKLAND, CAóDealing 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. Kaiserís project was expected to generate an estimated $23 million in one-time taxes and fees on top of another $15 million in annual taxes.

Oaklandís 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.