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'Menlo Monopoly': Sites swap hands

Original post made on Aug 17, 2012

Building housing in Menlo Park should be easier than it used to be, with the specific plan in place. Two developers are willing to test that theory, but they won't be the same ones who negotiated two controversial development agreements.

Read the full story here Web Link posted Wednesday, August 15, 2012, 9:41 AM

Comments (3)

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Posted by why the surprise?
a resident of Menlo Park: Allied Arts/Stanford Park
on Aug 17, 2012 at 7:42 am

Our Council has shown how naive and ignorant they are of basic land use law and principles. Yes, entitlements flow with the land.
And developers will find a way to maximize their profits regardless of what the city or community want; that's called "best and highest use" and just means that the use maximizes developer or property owner profit.

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Posted by WhoRUpeople
a resident of another community
on Aug 17, 2012 at 2:03 pm

Sandy, a question. I can't decipher from your article whether or not the two new owners of these parcels are ready, willing and able to build high density housing or not. Are they? If so, how many units of the total the city needs to come up with would this represent. Also, why is staff continuing to study properties where the owners are not willing sellers or not developers if properties such as this represent real opportunities?

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Posted by why the surprise?
a resident of Menlo Park: Allied Arts/Stanford Park
on Aug 18, 2012 at 12:54 pm

It's important to include all potential properties. This article points out clearly that owners change, and so do circumstances. Just because a current owner isn't interested doesn't mean that it's a bad site or that a future owner might be more interested.
See interesting other thread about housing.

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