While not yet approved by either Planning nor Kaiser Foundation Hospitals and Health Plan board of directors, Walden Development is in contract to sell Kaiser Permanente half of its four parcel development site between 16th and 17th Streets west of Mississippi on which to construct a medical office building. From the Business Times:
In addition to the medical office building, Walden Development, which owns four parcels along 16th and 17th streets, is seeking approval of 200 units of housing on a portion of the land. Under the proposed scenario, the site — now occupied by the office moving and storage company Corovan — would be divided into two parcels, with the Kaiser building on one portion and the residential project next door. Walden bought the four parcels in March of 2006 for $12.4 million, according to city records.
The development site is over 150,000 square feet and includes four properties: 903 16th St., 941 16th St., 1200 17th St., and 1210 17th St. Josh Smith, president of Walden Development, said the medical office building would front along 16th Street, with the residential complex built out on 17th Street.
∙ Kaiser’s next operation: Mission Bay [San Francisco Business Times]