Kaiser Permanente canceled its $900 million headquarters project in Oakland, officials said Tuesday.
The healthcare giant planned to build a 1.6 million-square-foot office tower that would have been Oakland’s biggest commercial project. But this week, the company told city officials the project was no longer happening.
“Delays and increasing costs related to this project caused us to re-examine the feasibility and focus on renovating our current buildings,” Kaiser Permente said in a statement. “The decision is not related to COVID-19. Kaiser Permanente appreciates the hard work by the developer and its team on the 2100 Telegraph Avenue project.”
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