EMERYVILLE — Sutter Well being has launched its billion-dollar plan for a large new East Bay campus with a string of actual property offers valued at properly over $400 million for properties in Emeryville.
The purchases whole $450 million in seven acquisitions, in response to paperwork filed on Feb. 19 with the Alameda County Recorder’s Workplace.
Sutter Bay Hospitals and Alta Bates Summit Medical Heart teamed as much as buy seven parcels within the neighborhood of 53rd Road the place it intersects with Hollis Road, Chiron Means and Horton Road, the county paperwork present.
Listed here are some particulars of the websites that the Sutter Well being associates purchased, in response to paperwork from two Alameda County public data companies. All of the websites are in Emeryville:
— $170 million for an workplace constructing at 5555 Hollis Road.
— $156 million for an workplace constructing at 5300 Chiron Means.
— $90 million for a parking construction web site at 4563 Horton Road.
— $18 million for a vacant lot at 1400 53rd Road that would be the location of the longer term brand-new medical middle.
— $14.5 million for an empty web site on the nook of Hollis Road and Stanford Avenue.
— $750,000 for a web site close to Horton Road and 53rd Road.
— $750,000 for the Hollis Inexperienced Park at 5317 Hollis Road.
These are all a part of Sutter Well being’s plan to assemble an enormous new campus in Emeryville that may function a regional vacation spot ambulatory care advanced and a brand new medical middle.
The brand new medical middle would have an preliminary capability of as much as 200 beds with room for future enlargement, in response to the healthcare companies supplier.
“Our Emeryville campus project represents one of the most significant investments we’re making across our system over the next decade,” mentioned Sutter Well being Chief Govt Officer Warner Thomas.
The brand new medical campus is slated to whole about 1.3 million sq. ft.
The Sutter Well being advanced in Emeryville will provide outpatient companies on the two present workplace buildings on Hollis Road and Chiron Means.
The healthcare titan may even present acute care companies on the new medical middle at 1400 53rd Road.
The Sutter Emeryville campus may even provide medical workplace area and parking at an present 1,992-space parking storage.
“This plan ensures our East Bay patients have seamless access to the full spectrum of Sutter’s integrated services,” mentioned Sutter East Bay Medical Group Chief Govt Officer Arzou Ahsan. These will embrace “primary and specialty outpatient care, imaging, lab and diagnostic services, ambulatory surgery, urgent care, and inpatient services,” Dr. Ahsan added.
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