Menlo Park Planning Commission Approves Development Agreement Progress for Menlo Gateway

On Jan. 22, the Planning Commission completed its seventh annual review of the Menlo Gateway Development Agreement (DA).

The Commission found that the property owner has demonstrated good faith compliance with the terms of DA over the past year and has made steady progress on the Independence Drive project site.

Construction is nearly complete for the hotel, garage/health club, and office building fronting Independence Drive and visible from US Route 101.

The office building will be occupied by Facebook, and Facebook will also manage the health club, which will be open to both employees and local residents.

The hotel, under the Marriott Autograph Collection brand, will be called Hotel Nia and is targeting its grand opening for March 2018. In December 2017, the property owner submitted building permit plans for the next phase of the project on the Constitution Drive site, which will feature two parking structures and two office buildings.

Demolition and rough grading are underway on portions of the Constitution Drive site and construction is anticipated to begin within the next several months.

West Coast Commercial Real Estate News