PacTrust, developer of premier business parks and shopping centers in the western states, has a long history of producing thriving developments that enhance communities. PacTrust owns approximately 100 acres of the 800-acre El Dorado Hills Business Park situated south of Highway 50 and has a well-developed vision for its land that the company believes will benefit El Dorado Hills as a whole.
“We chose Gateway El Dorado as an intentionally welcoming and open-ended name to capture the project’s mixed-use potential,” says Vice President Scott Hodson. “The first phase is complete, with two buildings encompassing about 150,000 square feet of flexible industrial space and 11,000 square feet of retail services. We’re in negotiations for users for most of that space. We intend to build another approximately 300,000 square feet of industrial space, but we envision broader uses for the development as well.”
Gateway El Dorado’s 100 acres provides about 65 buildable acres to complement 10 acres of roadway and 25 acres of conservation easement area. Currently, the entire business park is zoned R&D, but PacTrust proposes mixed-use development to produce a more vibrant and practical asset to the community.
“Mixed-use zoning will create expanded opportunities in the business park and can stimulate new synergies for southern El Dorado Hills.”— Scott Hodson, Vice President, PacTrust
“Mixed-use zoning will create expanded opportunities in the business park and can stimulate new synergies for southern El Dorado Hills,” says Hodson. “Monolithic zoning for large business parks is outdated — people want to be able to live, work, access services or grab a bite to eat in close proximity, so we’re processing a Specific Plan to include commercial and multifamily residential uses at Gateway El Dorado.”
Multifamily zoning would result in housing for broader income levels and produce transitional housing for residents who may not need or want single family living.
“Gateway El Dorado can create jobs, services and retail as well as multifamily residences, all with excellent pedestrian, bicycle and vehicle connectivity and open space,” concludes Hodson. “We can be a significant step to revitalizing the business park and produce a more vibrant range of uses in southern El Dorado Hills.”
