EMERYVILLE — Sutter Health has launched its billion-dollar plan for a massive new East Bay campus with a string of real estate deals valued at well over $400 million for properties in Emeryville.
The purchases total $450 million in seven acquisitions, according to documents filed on Feb. 19 with the Alameda County Recorder’s Office.
Vacant lot at 1400 53rd Street in Emeryville that will be the location of a future Sutter Health medical center with up to 200-beds. Also visible are two large office buildings on Hollis Street and Chiron Way where Sutter will operate medical offices. (Sutter Health)
Sutter Bay Hospitals and Alta Bates Summit Medical Center teamed up to purchase seven parcels in the vicinity of 53rd Street where it intersects with Hollis Street, Chiron Way and Horton Street, the county documents show.
Here are some details of the sites that the Sutter Health affiliates bought, according to documents from two Alameda County public records agencies. All the sites are in Emeryville:
— $170 million for an office building at 5555 Hollis Street.
— $156 million for an office building at 5300 Chiron Way.
— $90 million for a parking structure site at 4563 Horton Street.
— $18 million for a vacant lot at 1400 53rd Street that will be the location of the future brand-new medical center.
— $14.5 million for an empty site at the corner of Hollis Street and Stanford Avenue.
— $750,000 for a site near Horton Street and 53rd Street.
— $750,000 for the Hollis Green Park at 5317 Hollis Street.
These are all part of Sutter Health’s plan to construct a vast new campus in Emeryville that will feature a regional destination ambulatory care complex and a new medical center.
The new medical center would have an initial capacity of up to 200 beds with room for future expansion, according to the healthcare services provider.
“Our Emeryville campus project represents one of the most significant investments we’re making across our system over the next decade,” said Sutter Health Chief Executive Officer Warner Thomas.
The new medical campus is slated to total about 1.3 million square feet.
The Sutter Health complex in Emeryville will offer outpatient services at the two existing office buildings on Hollis Street and Chiron Way.
The healthcare titan will also provide acute care services at the new medical center at 1400 53rd Street.
The Sutter Emeryville campus will also offer medical office space and parking at an existing 1,992-space parking garage.
“This plan ensures our East Bay patients have seamless access to the full spectrum of Sutter’s integrated services,” said Sutter East Bay Medical Group Chief Executive Officer Arzou Ahsan. These will include “primary and specialty outpatient care, imaging, lab and diagnostic services, ambulatory surgery, urgent care, and inpatient services,” Dr. Ahsan added.
