SAN JOSE — Kaiser purchased a small bit of land next to the site where the health care titan has begun construction of a project that will bring an ultra-modern hospital to south San Jose.
Great Oaks Water Co. sold the 1,450-square-foot parcel for $1 million in an all-cash deal, according to documents filed on Monday with the Santa Clara County Recorder’s Office. That price was well above the $505,000 estimated value for the property as of January 2024, as calculated by the county office.
Oakland-based Kaiser began construction for the new hospital at the corner of Hospital Parkway and International Circle in November 2024. It is meant to replace its San Jose Medical Center, which is more than 50 years old.
The first phase of construction is a new 1,040-space parking structure, according to Kaiser.
Starting the project with the parking garage ensures that the existing hospital and medical center can operate without disruption while the new hospital is constructed atop a surface parking lot site, Kaiser said.
“The new hospital is expected to open in the fall of 2029 and will be about 650,000 square feet with up to 300 private patient rooms when fully operational,” according to information that Kaiser Permanente had previously sent to this news organization.
By 2030, the existing 250,000-square-foot hospital built in 1974 was due to be out of compliance with seismic safety standards. After the new medical center goes into service, Kaiser intends to demolish it.
The new hospital building will provide the size and types of spaces needed to accommodate high-quality patient services. Patient rooms will no longer need to be shared, Kaiser said.
The anticipated 300 beds in the new hospital would be 21% more than the 247-bed total in the existing hospital, according to documents on file with San Jose city planners.
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News Summary:
- Water company extracts $1 million from San Jose deal near Kaiser project
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