Kaiser Permanente announced Thursday that it has entered into a purchase and sale agreement for about 18 acres of land within Sacramento’s downtown railyards.
The group’s plan is to build a new hospital on the land, but there is no solid date to begin construction.
“We are excited about the potential that this land holds for a new hospital and are looking forward to completing the due diligence and entitlement work that is already underway,” Kaiser Sacramento Vice President and Area Manager Ron Groepper wrote in a news release.
Kaiser’s last Sacramento purchase was a six-story building on J Street in December 2014. It will be turned into a medical office building.