Health care provider joining 'Stonehenge' in North Natomas
By Ben van der Meer - Sacramento Business Journal
February 28, 2020
Another half-developed parcel in one of Natomas’ more infamous development sites looks to be turning the corner to a full project in the near future.
Sacramento city planners are processing an application for a two-story, 20,024-square-foot office building at 2951 Benefit Way, within Natomas Pointe Plaza.
The architect who is listed as the project applicant did not return a call for comment, while a broker with Colliers International Sacramento representing the property owner said he was unsure if he could comment on it.
But the application states the new building would be for an unspecified but large-scale Sacramento region health care provider. Tenant improvements for the building to serve that use would include an elevator, fire room and restrooms.
Based on the address, the building would finish what’s currently a foundation and concrete walls left standing for nearly a decade, one of several such unfinished structures in Natomas Pointe.
While concerns over deficient levees led to a moratorium on construction in Natomas between 2008 and 2014, the project then known as Natomas Crossing III also stopped because of the implosion of developer Abe Alizadeh's real estate empire.
After work stopped, many Natomas residents named the development Stonehenge for its unfinished and abandoned appearance. But in recent years, one stalled building after another has been completed, and then filled by a new tenant.
Woodland-based Tower Investments, which bought the Natomas Pointe property out of foreclosure, appears to have two half-built 20,000-square-foot buildings remaining, at 2960 and 2940 Advantage Way. Natomas Charter School acquired another site in Natomas Pointe for a 30,000-square-foot building at 2920 Advantage Way for $5.33 million late last year.
An announcement of that sale by brokerage Colliers International Sacramento indicates negotiations are underway in the remaining two properties.