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South African Delegation Visits Sacramento
North Natomas Development Takes Off
South
African Delegation Visits Sacramento
On June 25, 2003, the Northern
California World Trade Center sponsored a South Africa Business Matching
Reception at the Sacramento Capitol Club. A visiting delegation from the
Limpopo Province met with area representatives, including: the Consulate
General of Mexico, the Sacramento Municipal Utility District, UC Davis,
the City's Economic Development Department, and many area businesses.
The Limpopo Province, situated at the northern-most tip of South Africa,
has the fastest growing economy of all provinces. It boasts the world's
largest reserve of the platinum group of metals, chrome and vanadium,
as well as copper, nickel, iron ore and titanium. It is also one of South
Africa's richest agricultural regions. Limpopo's biodiversity, wildlife
and archeological sites offer immense tourism opportunities.
After the general session of introductions and a video presentation on
Limpopo, attendees were encouraged to take part in one-on-one "matchmaking"
sessions. Area companies were able to get first hand information on business
and investment opportunities in Limpopo. Likewise, the delegates were
able to connect with sources for information on exporting and business
opportunities in the Sacramento area.
An Economic Development Specialist with the department,
provided the delegation with an overview of the types of assistance offered
through the City's Economic Development office.
As a result, the economic development office has received several requests
for additional information and will be coordinating efforts with world
trade specialists from the NCWTC.
For more information, contact Jim Rinehart, 916.808.5450.
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North Natomas
Development Takes Off
This year has already seen some major developments in the
North Natomas area, including office and industrial parks, call centers
and distribution sites for leading businesses.
Goldenland Business & Industrial Park
In May 2003, the Sacramento City Planning Commission approved the Goldenland
Business & Industrial Park in the rapidly growing North Natomas community
of Sacramento. Goldenland will be a 178,000-square foot office, warehouse
and industrial park on 13.7 acres, located at the southwest corner of
Del Paso Road and Gateway Park Boulevard.
The site will be developed into 19 separate parcels with an equal number
of small flex buildings suitable for small businesses. The project is
aimed at businesses that want to own their buildings.
The developer of the project is Buntain Construction of Sacramento and
the owners of the land are Daniel Lee and Tim Kwan. Lee and Kwan are also
developing a 412-acre industrial park in Placer County.
OPUS Development & Fong Ranch
In June 2003 OPUS Development announced it would no longer be developing
the long-sought-after auto mall that was envisioned for North Natomas.
OPUS will develop the 120 acres (aka Fong Ranch) at the northeast corner
of Truxel Road and Interstate 80. OPUS will be developing approximately
500,000 square feet of office space and is contemplating 750,000 square
feet of retail.
The development of the office component will support the Downtown/Natomas/Airport
(DNA) Light Rail line which is currently being analyzed by Regional Transit
and other interested parties. A light rail station is planned for the
immediate vicinity of the office development.
Natomas Crossing Business Center
Earlier in 2003, Panattoni Development, headquartered in Sacramento, received
approval for the Natomas Crossing Business Center, located at the southeast
corner of Arena Boulevard and Truxel Road. This is Panattoni's second
development in North Natomas in the past four years.
Natomas Crossing Business Center will consist of 12 office buildings ranging
in size from 8,000 to 45,000 square feet. Phase I of the Center will be
available for occupancy in late 2003.
Comcast Call Center
In May 2003, Comcast announced it would establish a call center in North
Natomas at 4450 East Commerce Circle. Comcast will occupy a 65,000-square
foot building constructed by Buzz Oates Enterprises. Comcast will relocate
150 employees from its current offices on Pell Drive. In addition, Comcast
will hire 350 new personnel to better serve its Northern California customers.
The call center will operate 24 hours a day.
Other Developments
North Natomas has seen Buzz Oates Enterprises build almost 500,000 square
feet of office/flex development, primarily along Del Paso Road, across
from the Natomas Town Center. Cambay Development also developed a 77,000-square
foot office building at the northwest corner of Arena Boulevard and Truxel
Road. Primary tenants in this building include the City's North Natomas
Permit Center and Unify Corporation, a local software development firm.
In 2002 Alleghany Properties received approval for development of a 110,000-square
foot office building at the northeast corner of Arena Boulevard and Interstate
5. The site was originally intended to serve as the new corporate offices
for Catholic Healthcare West, the parent corporation of Mercy Hospitals.
The Arena Boulevard interchange, opening in early 2004, will provide direct
freeway access to this site.
North Natomas is also home to Raley's 376,000-square foot distribution
center and Coca Cola's 200,000-square foot distribution center.
For more information, contact Dean
Peckham, 916.808.7063
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