Greenheart Land Company came away as the top bidder for the city's seven lots on Hamilton Avenue.
The council is set to review the proposal for 777-821 Hamilton Ave. at its Tuesday, Nov. 13, meeting. According to the staff report, the $8 million purchase price will be forwarded to San Mateo County for redistribution to Menlo Park and other agencies as part of the city's disposal of assets formerly owned by the redevelopment agency.
Housing would likely be built on the 2.1 acres, the staff report said. Six owners of properties bordering the lots are also ready to sell to Greenheart to expand the project to 7.1 acres, with the possible exception of a seventh, Jim Calhoun, who owns Calhoun's Country Corner, a woodworking shop at 771 Hamilton Ave.
Click here to review the staff report and rest of the council's Tuesday agenda. The meeting starts at 7 p.m. in council chambers at the Civic Center at 701 Laurel St.