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Business Journal: Landlord Sues Coworking Space; El Dorado Hills Costco On Hold; Saha Float Spa Coming To Midtown
Flotation Spa Set To Open In Midtown Sacramento
A flotation therapy business is the first non-food tenant announced for an apartment and retail project under construction at 15th and Q streets in Midtown Sacramento. The Sacramento Business Journal's Sonya Sorich says the business is called Saha Float Spa.
"Generally, at float spas, people relax for an hour in a tank that includes Epsom salt dissolved into 10 inches of skin-temperature water," says Sorich.
Float spas are advertised as a relaxation technique that could have benefits ranging from pain relief to better sleep. The new business is expected to open around December. Three other food tenants have been announced for the 8 ½ story project that will also include 75 apartments.
Still No Word On Planned Costco Store In El Dorado Hills
People who want a Costco store in El Dorado Hills will have to wait a little longer. A few months ago, the retailer approached El Dorado County about a potential new store on Silva Valley Parkway. Sorich says the retailer was expected to decide by the end of April whether it would proceed with the project.
"But county representatives apparently still haven't received any notification,” says Sorich. “Costco representatives haven't commented on the store, and those from the county say they believe Costco hasn't made a decision yet."
The new store would be pretty close to an existing Costco on the eastern side of Folsom. But hundreds of new homes are planned in Folsom as well as in western El Dorado County, so a new Costco site could help fill upcoming demand. If Costco commits to the store, it would only be the beginning of a three-year process for environmental review and entitlement planning that would have to happen before the location opens.
Landlord Sues Co-working Space
A co-working space in Midtown Sacramento is in a legal fight with its landlord. Sorich says the landlord for Cowo Campus near 21st and O streets claims months of unpaid rent.
"The lawsuit alleges the entrepreneur behind the co-working space is nearly a year behind and more than $180,000 in arrears on rent for the building space, parking spaces and late fees," says Sorich.
Cowo is on the second floor of what's called the Midtown Building. It opened last year. The plan was to let small businesses set up for free at desks. There was a fee for using private event spaces or offices. The entrepreneur behind the co-working space says he'll be moving the business to a site near 5th and J streets downtown.
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