News

Tonight: Beltramo's townhomes on agenda

Menlo Park still negotiating number of below-market units

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.

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Comments

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Posted by SolidarityPlease
a resident of Menlo Park: Central Menlo Park
on Sep 1, 2010 at 12:29 pm

Planning Commissioners,

Don't back down. This end move by the Beltramos should be declined. Keep them to the original agreement. Menlo needs more below market units, not less. Keep your eye on the ball ... the need for below market units!


Like this comment
Posted by Wondering
a resident of Menlo Park: Downtown
on Sep 1, 2010 at 12:42 pm

Now that we know that Beltramos is behind the most recent attempts to keep Bev Mo out of town because the fear of competition, shouldn't some M.P. homeowners object to the addition of more housing units because they might bring down the resale value of their homes? After all, scacity of housing in our town is a contributing factor to the housing values.


Like this comment
Posted by Unbelievable!
a resident of another community
on Sep 1, 2010 at 1:37 pm

You people are unbelievable! Beltramo has proposed an alternative that is very sensible, viable, and financially advantageous to both the city and to themselves, and you just want to be short sighted, stubborn, and vindictive. The Beltramos have been a fixture in Menlo Park for a long time, certainly contributed plenty of their own time, money, and other resources over the years. They certainly have the right to protect their interests and investments. What have you self righteous whiners done for the community to try to make it a better place to live, besides complain about everybody else?


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Posted by Bob
a resident of Menlo Park: Central Menlo Park
on Sep 1, 2010 at 2:04 pm

Hopefully the Housing Commission and the City Council stick to the orginal agreement - three very much needed BMR units.
The city has already changed the zoning on the property to allow Beltramos to build the project and additionally they have been exception has been given to the building heights.
Now they are whining at the last minute about their costs and profits. Well, that's part of doing business. The same as having a competitor liquor store in town.
Unbeliievable says the Betramos are a "fixture" in town. Sometimes it's necessary to remove an old fixture for the betterment of the property and the community.
If the Beltramos can't do it as agreed in the original 3 BMR agreement then they can always sell the property to someone else who would be better able to handle a development on the site.


Like this comment
Posted by Smith
a resident of Atherton: other
on Sep 5, 2010 at 8:13 pm

Can't believe anyone would want to buy/live in one of those homes, they are going to be build on top of a former dry cleaning store. It should be a major concern for future homeowners.


Sorry, but further commenting on this topic has been closed.

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