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January 13, 2021 Comments Off on Kaiser Permanente Purchases Yesler Land for New $500M Facility Views: 556 Seattle & Pacific Northwest News, Seattle News

Kaiser Permanente Purchases Yesler Land for New $500M Facility

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Kaiser Foundation Health Plan of Washington acquired 1.6 acres in Seattle’s Yesler neighborhood from the Seattle Housing Authority, reportedly for $36.3 million. The healthcare company plans to build a more than $500-million, nine-story, 240,000-square-foot facility.

Kaiser Permanente Washington’s Janet O’Hollaren says, “This strategic development furthers our mission of integrated care and meaningful partnership in our communities. The Seattle Housing Authority has a thoughtful plan to invest in the Yesler neighborhood, and we’re pleased to contribute to the health of this evolving community.”

The acquisition is part of the $1-billion investment Kaiser Permanente announced in 2017 to deliver the best care, convenience, and experience for patients across the state through new and upgraded facilities and expanded virtual care channels. Kaiser Permanente continues to reimagine its physical space to integrate in-person and virtual care options. A development timeline and services expected at the new Yesler facility have not yet been determined.

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