A bank has foreclosed on the El Camino Real property that served as the site of the former Gaylord India Restaurant, a Menlo Park official has confirmed. The owner of the property had recently obtained permission from the city to redevelop the site.
Menlo Park's City Council approved a plan in October 2009 for a new, two-story office building at the site, replacing a vacant one-story building. The project developer had spent years in drafting the proposal, including an extensive redesign based on input from residents in late 2007.
Deanna Chow, the Menlo Park senior planner who oversaw the approval process, confirmed that a bank had foreclosed on the property. The future of the development project is up in the air as long as the property doesn't have an owner. The use permit the council approved expires Oct. 20, 2010.
The phone rang off the hook at the number listed for Infiniti Partners, the real estate company that owned the property.