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Presidio Bay Ventures (“Presidio Bay”), a leading California-based commercial real estate investment firm, announced took over the construction, lease-up, and stabilization of the 6.4 acre mixed-use development located at 1300-1302 El Camino Real and 550 Oak Grove Avenue in Menlo Park, Calif. The strategic operation of the property - newly renamed ‘Springline’ - was transitioned to Presidio Bay mid-construction in June 2020.
The project has received all discretionary approvals and is under construction. The Planning Commission previously reviewed the project and recommended approval of all project actions on December 12, 2016 (staff report). The Final EIR was made available as of December 1, 2016, as noted on the project's CEQA page. The Housing Commission, Environmental Quality Commission, and Transportation Commission previously reviewed (respectively) the proposed BMR Housing Agreement, Heritage Tree Removal Permits, and proposed changes to on-street parking and bicycle facility design. The City Council fully approved the project on January 24, 2017 (staff report) and February 7, 2017 (staff report). The recorded Development Agreement (DA) is available for review.
Environmental analysis of projects like the 1300 El Camino Real Project is required by the California Environmental Quality Act. For more information about CEQA, please see the CEQA website.
The Final EIR is available as of December 1, 2016. The Planning Commission will consider recommendations on the Final EIR at the meeting of December 12, 2016.