MENLO PARK, CA-As GlobeSt.com recently reported, St. Anton Partners and Facebook recently revealed a strategic collaboration to build Anton Menlo, a 394-unit multifamily housing community within walking distance of Facebook's existing Menlo Park headquarters and their new West Campus, which is currently under construction. The development will total approximately 630,000 square feet when completed.
St. Anton Partners co-founder Steve Eggert exclusively tells GlobeSt.com that St. Anton Partners worked closely with Facebook and its employees to “create a new state-of-the-art apartment community that meets the needs and tastes of today's sophisticated renters.”
Some of the amenities include: a large rooftop entertainment deck with three-themed areas; clubhouse with full kitchen and cooking area including outdoor facilities; concierge services - dry cleaning and package drop off; resort-inspired pool, spa and cabana area; indoor/outdoor wellness, yoga and training facility with personal training; convenience store, café, and sports pub; icafe - new generation community business facility; and bicycle repair shop with storage.
“And, as many residents will have pets, Anton Menlo will also include a pet spa with doggy day care and pet walking services, outdoor dog park and run,” he adds.
Eggert tells GlobeSt.com that they are also collaborating with the City to “create direct pedestrian and bicycle connectivity from the 'Bay Trail' to Anton Menlo; new and repaired pedestrian sidewalks throughout Haven Avenue with street lighting and lighted crosswalks; and improved bus stop facilities, including on-site shuttle stops at Anton Menlo.”
The following are some pending Transit, Bicycle and Pedestrian Improvement proposals:
- Direct pedestrian and bicycle connectivity from the “Bay Trail” to Anton Menlo
- New and repaired pedestrian sidewalks throughout Haven Avenue with street lighting and lighted crosswalks
- Improved bus stop facilities, including on-site shuttle stops at Anton Menlo
According to Eggert, grading and demolition activity will begin this month and vertical construction is scheduled for early 2014. St. Anton Partners hopes to have the new community completed by early 2016.
To assist with housing affordability and as part of their Below Market Rate Agreement with Menlo Park, Facebook has funded 15 low-income units for inclusion at the project. These units will be income restricted for 55 years and are indistinguishable from the market rate units at Anton Menlo.
As GlobeSt.com previously reported, designed by architecture firm KTGY Group Inc., the infill redevelopment project is an assemblage of nearly 10 acres of formerly industrial land near Marsh Road off of Highway 101 in Menlo Park, CA. The site recently received its final zoning approval from the Menlo Park City Council and is currently in the design review phase with City staff. “We designed a community built on amenities and social settings,” says KTGY's Keith Labus, AIA, LEED AP and principal. "Anton Menlo has everything the young professional could want to complement their busy lifestyle."
Eggert tells GlobeSt.com that, St. Anton Partners, which has more than 1,200 apartment units under construction in California, has an additional 1,000 market rate units in the pipeline in core Silicon Valley markets.
And Facebook isn't the only one looking to have multifamily near their headquarters. At the recent RealShare Bay Area conference event in September, we heard it from panelist Jay Bechtel, real estate project executive of Google. He said that Google is also looking to have not only more offices near its Mountain View, CA headquarters, but apartments as well. The issue, he says, is finding the space.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
