In The News: Natomas Meadows Subdivision Bought

The Sacramento Business Journal is reporting the Natomas Meadows development is part of a recent land deal wherein Granite Bay Development Co. has purchased the stalled 100-acre subdivision from Pardee Homes.

Although details of the sale have not been released, inside sources say Granite Bay Development Co. paid about $25 million for the site — or 20 cents on the dollar.

Natomas Meadows was meant to be Pardee Homes’ debut in the Sacrament-area housing market and already spent about $600,000 an acre on the land and millions more on streets and utilities.

The project was mothballed last November.


  1. i wonder what this means for that site.

  2. The Bee article said that Granite Bay Dev. would hold it for a few years and try to resell it. We’ll see…

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