The Menlo Park Housing Commission will hear a presentation by Beltramo's Investment Company tonight (Sept. 1) regarding the planned office/townhome complex at 1460 El Camino Real.
The city and developer are negotiating the number of below-market-rate (BMR) apartments to be included among the 16 townhomes.
The Housing Commission meeting will start at 5:30 p.m. in the administration conference room at City Hall.
Although the original approved plan included three BMR units, the Beltramos are now asking that only one be set aside, with 10 to 20 percent of sales revenue on the remaining units going back to the city to compensate for not including two more.
The staff report made no recommendation to the Housing Commission. The revised project will come before the City Council at a later date.
To read the staff report, click here.