Almanac

News - August 27, 2014

New office complex coming to Menlo Park's M-2 zone

by Sandy Brundage

A new business complex will bring at least $1 million in guaranteed revenue to Menlo Park, along with 259,920 square feet of office space in the city's industrial M-2 zone.

A 5-0 vote by the council on Aug. 19 gave a green light to the Sobrato Organization to build two four-story office buildings on a 13-acre site at 151 Commonwealth Drive.

Representatives from several local nonprofits, including the Boys & Girls Clubs of the Peninsula and InnVision, spoke about the Sobrato Organization's financial support of their programs. The council thanked the company for its community service, but also asked to increase the public benefits in exchange for approval of the project, something which the Planning Commission had also suggested.

The Sobrato Organization agreed to pay Menlo Park a minimum of $100,000 annually for 10 years — increased at the council's request from the original amount of $75,000 — along with one-time payments of $150,000 for the city's capital improvement fund and $1.85 million for the below-market-rate housing fund. In addition, the company and the city will both contribute to replacing an aging water main that crosses the site.

Construction of the complex is expected to be finished in 2015.

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