BY BRANDY TUZON BOYD
THE BUZZ NATOMAS | @natomasbuzz
Houston-based real estate developer Hines has submitted new plans for an apartment complex on land once intended to be the Natomas Fountains Mall.
Hines is looking to build a market-priced 303 unit apartment community on a 10.59-acre site at 3801 Gateway Park Boulevard, adjacent to Truxel Boulevard.
The community will consist of studios, one and two bedroom units in six residential buildings with a pool, pet spa and other amenities. There will be surface parking on site and a reciprocal easement agreement that will allow overflow parking in nearby commercial spaces.
Representatives from Hines, design architect Dwell Design Studio and city officials presented the project at a meeting of the North Natomas Community Coalition last week.
This is at least the fourth proposed project for the property owned by Ethan Conrad.
In 2017, city officials approved Conrad’s plan to develop a shopping center on the site, dubbed the Natomas Fountains. But the project never saw the light of day.
A little over a year later, the city received a request to subdivide the same property and build a Home 2 Suites hotel, but that request was later withdrawn.
Then, in January 2020, developer Sotiris Kolokotronis submitted plans to build a market-priced apartment complex of 312 units on the site. Then the pandemic struck and that request was withdrawn.
Earlier this year, Conrad filed an application to subdivide the land into three separate parcels, which was approved in June 2021.
As proposed, the Natomas Fountains Apartments project would occupy only the largest of the three plots. The two smaller plots (0.616 acres and 1.334 acres) at the east complex are for commercial uses, officials said at the coalition meeting.
Hines Interests Limited Partnership is a private company that invests and develops real estate, including the Centene campus in Natomas.