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January 13, 2021

Kaiser Permanente pays over $36M for Yesler Terrace site

Real Estate Editor

Rendering by Perkins and Will [enlarge]
This perspective looks northwest at the planned medical building, with SHA’s planned new Sawara apartments at left.

As planned, Kaiser Permanente has paid a little over $36.2 million for the site of a new Yesler Terrace medical tower at 755 Alder St. The deal and planned building were announced almost exactly a year ago by the health care provider and Seattle Housing Authority. The land price was then estimated to be about $1 million higher.

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