The Menlo Park council voted 4-0 to approve the $8 million sale of 777-821 Hamilton Ave. at its Nov. 13 meeting. Councilman Andy Cohen was absent.
The sale comes as a result of the state's dissolution of the redevelopment agency, which is now required to dispose of any assets. According to the staff report, proceeds from the sale go to San Mateo County for redistribution to Menlo Park and other entities.
Greenheart told the council it wants to put approximately 30 units per acre on the 2.1-acre parcel. Six owners of properties bordering the lots are also ready to sell to the developer, allowing the project to expand to 7.1 acres, with the exception of a seventh, Jim Calhoun, who owns Calhoun's Country Corner, a woodworking shop at 771 Hamilton Ave. He is reportedly hoping for a better offer. According to Greenheart, the desired price "may not make economic sense" for a for-profit company.