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Wednesday, October 13, 2021

Premera Blue Cross planning to build large new office facility in Kendall Yards

A look over the presently vacant lot that will eventually house a Premera Blue Cross office campus in Kendall Yards. As seen here the offices will also enjoy a great view of the Downtown skyline.

Although construction is not anticipated to start until the Summer of 2022, we now are learning that Premera Blue Cross is seeking to build a large new office complex at the entrance to Kendall Yards. It is to be located near the corner of N. Monroe and Summit Pkwy, at the north end of the Monroe St. bridge. The company plans to relocate their Spokane offices there, from the company's current campus on E. Sprague to the east of Downtown Spokane.

Premera's current campus, at 3900 E. Sprague is now listed for sale, being joint marketed by brokers of Kiemle Hagood and Colliers. The marketing info indicates a listing price of $14 million for the site that consists of three office buildings and an attached parking garage. As of today, Premera Blue Cross continues to operate at this site with and estimated 700 employees locally.

The new Kendall Yards facility is estimated to complete in 2024 with at least one building, that is planned to offer 60,000 SF of office space in four floors, built above a three story parking structure. 

Information on the site is coming from a recent pre-development filing with the City of Spokane. In those documents it also shows two other buildings called closeby listed as a " neighbor site " , which is not made clear if these are part of the Premera project or another TBD project. 

The project is clearly early in it's development although Premera did confirm this plan, in a recent email sent to employees at the existing offices. No general contractor is shown as of yet to construct the development, but Seattle based HOK is listed as the projects architect. We will continue to keep an eye on this project, as we still have questions about the scope of the development,etc... so stay tuned.