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.