Developer David Bohannon will disclose tonight (Jan. 25) new details about the hotel, health club and office building planned for the Independence Drive portion of the Menlo Gateway project in Menlo Park, according to a spokesman for the project.
Mr. Bohannon will give an update on the project at the Menlo Park Planning Commission meeting, which starts at 7 p.m. in the council chambers at 701 Laurel St. in Menlo Park.
He plans to build 438,000 square feet of new development in the Independence Drive part of the project. The components are a 250-room hotel that occupies 197,000 square feet; 200,000 square feet of office space; and 41,000 square feet for a health club.
The portion of the project planned for Constitution Drive would add 494,664 square feet of office space, but would be built later.
Project developers had almost run through the five years of the development agreement with the city without submitting the necessary building permit applications, but received an extension from City Manager Alex McIntyre at the end of last November. Now they have until June 7 to submit the applications or will have to pay $300,000 to the city, according to a city staff report.
Developers received demolition permits for the Independence Drive site on Jan. 13, and are waiting to hear back from the Federal Emergency Management Agency (FEMA) for further approval, the report says.
In in February, the developers plan to present to city staff two projects to meet city agreements to add off-site landscaping and capital improvements in Belle Haven and Bedwell Bayfront Park, the report says.