News

Menlo Park: New housing complex proposed next to new housing complex

Second Haven Avenue development appears on planning horizon

People who move into the apartment complex being built by St. Anton's and Facebook on Haven Avenue will have neighbors sooner rather than later, according to a project proposed by another developer.

Greystar LLC has submitted an application to build a 146-unit complex at 3645 Haven Ave. in Menlo Park, according to the city.

Still in the preliminary stages, the project will first undergo an initial evaluation by planning staff. A formal submission of plans will follow in the next few months, and the project will then proceed through a Planning Commission study session as well as further staff evaluation.

Headquartered in Charleston with an office in San Francisco, Greystar has built about 60 apartment complexes across the United States during the past 16 years, according to the company's website.

In the meantime, St. Anton awaits an answer to its request to include fewer below-market-rate apartments in its 394-unit complex at 3639 Haven Ave. Menlo Park's community development department needs to approve the change, and planning staff said the request is likely to be granted, although it probably won't be finalized for several weeks.

The original plan included 38 affordable housing units. Now St. Anton has asked the city to lower that by 16, although of the 22 remaining units, rents would decrease to be affordable to those earning "very low income," defined as $56,550 a year for a family of four and $39,600 for an individual. Previously, those units targeted a higher income category.

Facebook would continue to subsidize 15 affordable housing units that will be income-restricted for 55 years.

Senior Planner Deanna Chow noted that St. Anton's new distribution of BMR units still complies with state law. The very low income units would be a nice addition, she said, since those are difficult to get, particularly in a market-rate development.

Comments

There are no comments yet. Please share yours below.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Choose a category: *

Since this is the first comment on this story a new topic will also be started in Town Square! Please choose a category that best describes this story.

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Freshman Blues Don't Mean Wrong College
By John Raftrey and Lori McCormick | 1 comment | 890 views

When Grandparents Visit
By Cheryl Bac | 4 comments | 814 views

Background and Ideas for the Comp Plan
By Steve Levy | 14 comments | 813 views

The State’s Proposed “Rainy Day” Fund Threatens Local School Districts’ Ability To Keep Their Financial Houses In Order
By Erin Glanville | 3 comments | 271 views

Aging and Training
By Paul Bendix | 0 comments | 80 views