#WeLoveSF Annual Gala Benefits Presidio Bay Foundation

• November 11, 2024

On Thursday October 17, Presidio Bay Ventures, a leading San Francisco-based developer, hosted the second annual #WeLoveSF Charity Gala at the prestigious Saint Joseph’s Art Society in San Francisco. In true San Francisco style, the black-tie affair had a playful twist—sneakers were the night’s recommended footwear.

This glamorous event raised over $160,000 to support the Presidio Bay Foundation’s mission of empowering underserved communities through educational, career and partnership opportunities in commercial real estate.

“Barks and Booos” at Springline on October 18

• October 18, 2024

On Friday, October 18, Springline will be hosting its annual Halloween themed event, “Barks & Booos”, in collaboration with Pets in Need from 5:00 to 8:00 pm at its Glade Dog Park. The event is open to the Menlo Park community.

This free event will feature pet adoption and food from local vendors, including tacos provided by Chef Gilly’s and wicked brews and wine from Barebottle Brewery.

The main event is a runway show costume contest for pups and their owners, with winners receiving a $100 gift card to a Springline restaurant of their choice.

‘Barks & Booos’ Returns To Menlo Park Next Weekend

• October 10, 2024

Springline is teaming up with Pets in Need for another year of "Barks & Booos," a spooky Halloween celebration packed with music, food and everything dogs. This year's free-to-attend event will feature tacos from Chef Gilly's, brews and wines from Barebottle Brewery, pet adoption opportunities, and a runway show costume show for pups and their humans. The winner with the best Howl-o-ween costume will get a $100 gift card to a Springling restaurant.

The Grocery Store-ification of Bay Area Malls

• September 16, 2024

No recent development embodies the new era of aspiringly communal, mixed-use ethos better than Springline, the Menlo Park project where a coworking space, restaurants, condos, storefronts, and offices mingle. Opening last March, chef David Nayfeld’s new retail shop Il Mercato di Che Fico fits into the utopian lifestyle puzzle perfectly. Nayfeld also has a restaurant on location — Che Fico Parco Menlo — but the Mercato is another format, enlisting the help of a gelato cart, fresh, plump sandwiches, and pre-made, take-home meals to elevate the neighborhood grocery shop experience.

Presidio Bay Ventures Breaks Ground on 36,000 SF Office ‘Resort’ in Palo Alto, California

• September 13, 2024

Presidio Bay Ventures has broken ground on 388 Cambridge, an office resort in Palo Alto. The three-level office development will combine hospitality-level design, a focus on wellness and a commitment to sustainability, including all-electric, net-zero operations.

Slated for completion by third-quarter 2025, the 36,000-square-foot 388 Cambridge will feature 3,418 square feet of ground-floor retail space, spa-style steam showers, cold-plunge pools, landscaped outdoor balconies and concierge service.

Scrapping big-box retail, developer proposes major changes for Charleston Plaza in Mountain View

• September 6, 2024

Currently, the nearly 11-acre site is zoned for industrial and commercial uses. It has four major warehouses, three of which are vacant, a multi-tenant retail building and a 300,000 square feet surface parking lot.

In its place, Presidio Bay Ventures wants to build a residential neighborhood with some retail, along with a big office footprint – a whopping 450,000 square feet that will support emergent technologies like life sciences, advanced robotics, artificial intelligence, autonomous vehicles and climate green industries, according to the company.

Presidio Bay Breaks Ground On Another Bay Area Office Project

• September 3, 2024

The San Francisco-based developer broke ground in July on a ground-up office development at 388 Cambridge Ave. in Palo Alto. With still-high interest rates and soaring construction costs keeping shovels at bay along with depressed office demand, only a few developers have attempted to build new office projects in the Bay Area since 2021.

5 Gorgeous Northern California Getaways

• August 23, 2024

Downtown Menlo Park also contains a bustling design district where interior lovers can shop for frames and rugs and grab a delicious bite afterward. With Che Fico (an excellent Italian restaurant), Burma Love (contemporary Burmese cuisine) and Robin (omakase-style sushi), Springline Menlo Park is the area’s new hub for top-notch dining.

The Hotelification of Offices, With Signature Scents and Saltwater Spas

• August 18, 2024

The complex is a 6.4-acre town square steps from the Menlo Park Caltrain station in San Francisco’s Bay Area. It includes two premium office buildings, nine restaurants, outdoor work spaces and terraces where people can mingle and connect, gym facilities, a high-end golf simulator, an upscale Italian grocery store and a 183-unit residential building. And like any good resort, it has a calendar of community events from craft cocktail fairs to silent discos.

Visitors to the Springline complex in Menlo Park, Calif., are surrounded by a sense of comfort and luxury often found at high-end hotels: off-white walls with a Roman clay finish, a gray-and-white marble coffee table and a white leather bench beneath an 8-by-4 resin canvas etched with the words “Hello, tomorrow.” Springline’s signature scent — hints of salty sea air, white water lily, dry musk and honeydew melon — linger in the air.

In San Francisco’s Elections, Commercial Real Estate’s Future Is on the Ballot

• July 16, 2024

Cyrus Sanandaji, founder and managing principal of Presidio Bay, is hopeful that the election will lead to more moderate policies to tackle critical issues such as public safety, crime, homelessness, drug problems and the housing crisis. He also emphasized the need to address bureaucratic corruption and waste, and to create a more business-friendly environment, which he believes are necessary corrections to previous permissive progressive policies.
“I think that the people in charge have a very, very significant responsibility to foster innovation, investment, and job creation,” Sanandaji said. “They should nurture the golden goose that sustains the city’s budget.”

The latest proposal to fix S.F.’s housing slump: Slash the city’s transfer tax by half

• June 25, 2024

Cyrus Sanandaji, managing principal of Presidio Bay Ventures, said most of the projects they have built have included union pension fund money, including Ventana at 99 Ocean, which was partially financed by the AFL-CIO Housing Investment Trust. Sanandaji said the legislation is “a reflection of an acknowledgment that change is needed.”

“It’s a recognition finally that the interests of developers and investors and blue-collar workers are really much more aligned around the solutions to the issues around housing production than some opponents from the hard left like to make it out to seem.”

A California bill made removing toxic soil more expensive. Some say it’s a tax on housing

• June 6, 2024

At 99 Ocean Ave., a 193-unit development known as Ventana, Presidio Bay Ventures was slapped with a $100,000 soil hauling fee after having already paid $100,000 .Presidio Bay Project Manager John Meany said his team assumed the second $100,000 was a mistake, given that they had already satisfied DTSC’s original fee. Then they were hit with another $20,000 in penalties because they didn’t pay the second bill right away. “We fought it but were struck down,” Meany said.

CRE’s Aspiring Leaders of 2024

• June 4, 2024

Kabir Seth witnessed the power of large-scale urban planning transform a small fishing village in Dubai where he grew up into a global economic powerhouse in just 10 years. Inspired, he began a career in investment banking and immersed himself in real estate. Since joining Bay Area development firm Presidio Bay, Seth has helped the organization build a portfolio totaling 5.3 million square feet of new construction and adaptive reuse valued at nearly $5.6 billion of office, life-science, multifamily and mixed-use offerings. This year, he is co-founding and assuming the role of COO of Presidio Bay’s newest venture, The Main Post Inc., which offers bespoke and elevated asset optimization, asset management and property management services to third-party owners.

Power 100: Recognizing Top Real Estate Market Makers

• May 14, 2024

Cyrus Sanandaji, our very own Founder and Managing Principal at Presidio Bay Ventures, has been recognized on this year's Power 100 list, acknowledging top real estate market influencers. He’s proud of the work his firm has done finding alignment between labor unions and construction unions and business- and of Presidio Bay’s ongoing scholarship program intended to educate and create opportunities in real estate for underrepresented populations. He’s also committed to restoring common sense to San Francisco. “To have a thriving city that everyone can afford, you have to pay for social programs. A budget does not exist without an economic growth period. You cannot undermine tech and real estate.”

Signs of More Office Demand Raise Optimism for Recovery

• May 14, 2024

Cyrus Sanandaji, the co-president and CEO of real estate investment firm Presidio Bay Ventures, said any sense of optimism in the broader office market will also need to be broken down on a market-by-market level given each region's specific set of both challenge and opportunities. "I wouldn't paint the entire U.S. office market with a broad stroke [since] there's so much nuance that will impact the recovery of each market," he said. "However, in general, the increasing pushback against remote work in most creative and apprentice-based industries is very promising."

Office-Loan Defaults Near Historic Levels With Billions on the Line

• April 30, 2024

“Some investors and businesses think the worst is over and think the city is now primed for a turn around. San Francisco’s office market is also seeing progress for the first time since the onset of pandemic. Thanks in part to the arrival of AI companies. Cyrus Sanandaj is the managing director at Presidio Bay Ventures, a Bay Area commercial real estate developer that sees opportunity in the downed market.”

S.F. prioritized building homes for the ‘missing middle.’ 80% of units sit empty

• April 21, 2024

“They have ended up creating such an onerous process to qualify that the process itself disqualifies those most in need,” said Cyrus Sanandaji, a developer with Presidio Bay who, a year ago, opened Ventana Residences, a 193-unit apartment complex at 99 Ocean Ave. in the Excelsior.

YIMBYs are on their heels after supervisors’ override, imperiling housing progress

• April 11, 2024

Moderates’ messaging should be laser-focused on tangible, linchpin issues that will unlock housing production, with no antagonism and arrogance in the delivery. By building and maintaining a broad-based moderate coalition on housing development, we can avoid perpetuating a Doom Loop and accelerate a Boom Loop, ensuring a more prosperous future for all San Franciscans.

How To Attract Office Tenants In San Francisco? Presidio Bay Wants To Create The ‘Office Resort’

• April 3, 2024

“Regardless of an office building’s vintage, there's so much more that we demand, and tenants need and want, out of an office building than what they expected five years ago,” Sanandaji told Bisnow. “So it's not just about work in the traditional sense. You're not there to fill up desks, seats, workstations and conference rooms. We go to work for very different reasons today than we did five years ago.”

Where to “Live” Out Your Golfing Dreams

• April 1, 2024

Springline is Menlo Park’s premiere “work, live, play” destination for luxury residences blended with modern offices and an impressive lineup of dining options. Residents and office tenants enjoy the extra perk of having their own private Full Swing golf simulator, named one of the Best Golf Simulator 2024 by Golf Monthly. Professional golf legend Tiger Woods uses Full Swing’s golf simulators and the brand is a favorite amongst other PGA Tour players. It offers 30+ gaming experiences ranging from Full Swing Football to Zombie Dodgeball. For more experienced golfers, Full Swing golf simulators even offer a playback of a player’s swing.

From poolside to deskside: SF developer bets on ‘office resort’ to bring workers back

• March 31, 2024

“You know that sense of relief you get when you arrive at a holiday destination,” he said, adding that 88 Spear will feature nautical theming to honor the history of Matson Navigation constructing the building in 1967. “We want to capture that feeling and deliver it to people.”

Building Sold at 60% Discount to be Office-Resort in San Francisco

• March 29, 2024

When Presidio Bay Ventures acquired a 157K SF office tower at the corner of Spear and Mission streets in August, the transaction was emblematic of the massive discounts being offered on aging office properties in San Francisco.

Now, the buyer is unveiling ambitious plans to make the building an emblem of a recovery in downtown San Francisco with a multi-million-dollar renovation that will transform the property into a luxury “office-resort.”

Real Estate Deals: This developer is betting big on San Francisco’s comeback

• March 29, 2024

If you believe what Sanandaji believes — that San Francisco is coming back, and coming back better than ever before, regardless of headlines that portend otherwise — those deals make perfect sense. Think about the things that make San Francisco great: its geography, its proximity to some of the country’s best universities, the innovation ecosystem that has established itself. Given all that, how could the city ever stay down for long?

“Despite what a handful of people want to say about Los Angeles or Park City, Miami, Austin, Seattle, at the end of the day, it all comes back to San Francisco,” Sanandaji said.

Arts briefs: Brass Over Bridges concert, egg hunts and more

• March 28, 2024

Menlo Park’s Springline development is hosting an “Easter Eggstravaganza” on March 30, featuring an egg hunt for kids 12 and under (bring your own basket), food and drinks, face painting, live music and even a bunny petting zoo.

Developer Bets on Office Future With Plans To Expand, Renovate This Bay City Property

• March 27, 2024

Presidio Bay Ventures is planning a renovation that will expand and upgrade an office building in San Francisco after buying the property in August in a deal that signified a reset for the city's hard-hit office market. The deal garnered a 2024 CoStar Impact Award for sale/acquisition of the year in San Francisco, selected by an independent panel of local industry professionals

Presidio Bay Ventures Proposes Innovative Renovation at 156,000 SQFT 60 Spear in San Francisco

• March 26, 2024

Presidio Bay Ventures hopes to set a different tone for the downtown San Francisco office market with a comprehensive renovation of the 60 Spear Street building. The renovation will introduce a mix of luxury amenities and workspaces under what the developer calls an “office resort.” Acquired in August of 2023 for $40.93 million, or approximately $260 per square foot, this 156,000-square-foot, 11-story office tower was one of the city’s most notable real estate transactions since 2020.

Springline’s Easter Extravaganza

• March 21, 2024

Springline’s Easter Extravaganza: March 30 Springline in Menlo Park hosts an Easter event featuring live music, an egg hunt, a bunny petting zoo and face painting.

New details emerge on Presidio Bay Ventures’ Spear Street ‘office resort’

• March 21, 2024

Presidio Bay acquired the 11-story, 156,000-square-foot office tower at the corner of Spear and Mission streets in August, marking one of the most significant downtown office buys since 2020. This month in applications to city planners Presidio Bay shared new details on its project to enlarge the building with trophy hospitality amenities including the 7,700-square-foot rooftop bar and restaurant, sauna rooms, cold and warm water plunges, saltwater floating pools, co-working space and a cafe bakery, among other perks.

Presidio Bay CEO plans the first “office resort” in San Francisco

• March 21, 2024

The locally based firm led by Cyrus Sanandaji has filed plans to add Beverly Hills-style luxury to the 11-story building at 60 Spear Street, in the Financial District, the San Francisco Business Times reported. In the era of remote work, when nearly 36 percent of the offices in San Francisco were empty, the head of Presidio Bay hatched a plan to draw upscale tenants.

Warren Buffett protege among outside investors betting on downtown S.F. Could it signal a buying frenzy?

• February 20, 2024

Writing in the San Francisco Business Times, Cyrus Sanandaji, founder and managing director of real estate investment and development firm Presidio Bay Ventures, recently opined, “As with each historic boom and bust, San Francisco is set for exponential recovery and growth. Activists, business leaders and citizens who love this city have put the catalysts in place, and transformed a doom loop into a boom loop. Never bet against us.”

This Week’s Bay Area Deal Sheet

• February 16, 2024

Presidio Bay, a San Francisco developer, is seeking applications for its summer 2024 Real Estate
Development Scholarship Program, which aims to empower young adults from underrepresented
communities with educational and career opportunities in commercial real estate. The application
deadline is Feb. 19. Last year the program awarded more than $112K in scholarships.

Warren Buffett protege among outside investors betting on downtown S.F. Could it signal a buying frenzy?

• February 15, 2024

Some local owners working with wealthy funders like Presidio Bay Ventures, SKS Partners and San Mateo-based investor Roger Fields have already taken the plunge, snatching up mostly empty buildings in prime locations at a fraction of their peak values: Discounts of up to 70% have become the norm.

2024 Super Bowl watch parties where fans cheered on the 49ers across the San Francisco Bay Area

• February 10, 2024

San Francisco 49ers fans gathered across the Bay Area Sunday for Super Bowl LVIII. Unfortunately, the Niners lost to the Kansas City Chiefs in a heartbreaking overtime Super Bowl thriller Sunday night, 25-22.

Plaza at Springline in Menlo Park

Where: 1300 El Camino Real, Menlo Park, CA 94025
When: Sunday, Feb. 11, 2:30 p.m. - 6:30 p.m.

Watch the Super Bowl at Springline Menlo Park on February 11

• February 9, 2024

Grab your friends and get ready to watch the San Francisco 49ers and Kansas City Chiefs they battle it out on the field to become Super Bowl champs.

Springline will have two big screen set ups so you won’t miss any of the action. Enjoy food trucks, beer, wine, cocktails, live music, and prizes! This event, which will take place in the plaza, is free to the public.

Here’s where the Bay Area will be watching (and partying) for Super Bowl LVII

• February 7, 2024

The Plaza at Springline (1302 El Camino Real, Menlo Park): This party in the public square of Menlo Park's pristine, full-retail-leased development will feature not one but two giant LED screens, food trucks, booze, live music, and prizes. RSVP here. When: 2:30 p.m. Admission: Free

How pro-development groups are building a coalition of moderates

• February 1, 2024

Sanandaji is one of the business leaders and development advocates advancing a more growth-friendly political agenda this election cycle, which begins in March. Given the city’s troubles, local politicians are showing a willingness to reduce development fees and affordable housing requirements for the first time in years. But pro-housing moderates see the opportunity to push the city even further in favor of development, starting with several local ballot measures and the race for Democratic County Central Committee on the March ballot.

San Francisco office rents have been on the decline. Trophy space is bucking that trend

• January 22, 2024

As San Francisco’s office market inches into the postpandemic era, some investors are betting that "trifurcation" will continue. Take Presidio Bay Ventures, which bought the 157,000-square-foot office building at 60 Spear St. in downtown San Francisco for $260 per square foot this summer and says it has plans to invest significant capital in the property to transform it into the country’s first “office resort.”

Not all downtown San Francisco offices are sitting empty

• January 21, 2024

“We’ve demonstrated this time and again on numerous projects that if you provide what the consumer wants, you’re going to outperform the market, and in San Francisco right now, there’s definitely a tale of two cities as it relates to the office market,” said K. Cyrus Sanandaji, Presidio Bay’s founder and managing principal.

Leading Voices in Real Estate with Host Matt Slepin

• January 15, 2024

Michael Covarrubias, Chairman and Co-CEO of TMG Partners and Cyrus Sanandaji, Founder and CEO of Presidio Bay Ventures share what is really happening to real estate in San Francisco and drill down into the underlying political backdrop.

Economic Forecast: San Francisco real estate market sees 2024 as a year to reset

• January 4, 2024

COMPANIES TO WATCH: Presidio Bay Ventures

CEO K. Cyrus Sanandaji told the Business Times in October that Presidio Bay’s work downtown is far from over: It plans to invest an unspecified but “meaningful amount” of capital to make 60 Spear, which it bought in August, into what’s styled as the country’s first office resort. It’s also on the hunt for “three to four” similarly-positioned office buildings in proximity to 60 Spear that it could acquire and mold into a campus of luxury office properties.

5 events that defined the Bay Area’s commercial real estate sector in 2023

• December 26, 2023

Presidio Bay buys 60 Spear: Presidio Bay Ventures’ purchase of the 157,000-square-foot 60 Spear for $41 million, or roughly $260 per square foot per square foot, marked the first time a downtown San Francisco office building changed hands at postpandemic pricing.

The Office Market Had It Hard in 2023. Next Year Looks Worse.

• December 20, 2023

In San Francisco, buyers have purchased office buildings like 60 Spear Street and 350 California Street for fractions of what they were worth before the pandemic.

San Francisco’s postpandemic office reset is starting to take shape

• December 4, 2023

The firm over the next two years plans to add amenities like fitness space, a health spa, on-site concierge medical services, a rooftop bar and restaurant, event space — the list goes on. It’s a lineup you might expect to see in space belonging to a Google or Facebook, Sanandaji said, but now made available to tenants with a smaller footprint who want the best of what San Francisco’s office market has to offer.

Presidio Bay doesn’t plan to stop there: Sanandaji says the resort concept could gradually be expanded into a kind of urban campus, comprising three or four “similarly positioned buildings” in proximity to 60 Spear that the firm would buy in the next 12 to 18 months.

The point is to differentiate 60 Spear — and any other buildings Presidio Bay may add to its collection — from its peers in an office market with vacancy pushing 35%, Sanandaji said. He thinks the gap between trophy office product and commodity buildings will only widen in coming years.

Cyrus Sanandaji’s Presidio Bay Ventures navigates commercial real estate’s choppy waters

• December 3, 2023

Sanandaji emphasized the importance of viewing relationships with tenants as partnerships, rather than a traditional landlord-tenant dynamic focused solely on rents and revenue projections. He pointed out that in the current market, where conditions are soft, pushing the envelope on this dynamic helps differentiate projects. The success of Springline, designed to resemble a large resort, relied on symbiotic relationships between the landlord, residents, office tenants, and restaurant partners.

Presidio Bay Venture’s Cyrus Sanandaji says he will ‘see a lot more musical chairs’ in Bay Area CRE

• December 1, 2023

Chief among the problems is the tension between antsy property owners and choosy prospective tenants. K. Cyrus Sanandaji said changes need to happen on the landlord side — where supply meets demand.

“Amongst developers, I think turnkey and speculative projects are starting to resonate more,” said Sanandaji, whose San Francisco-based firm developed Springline in Menlo Park and spent $72 million to buy the Charleston Plaza retail center in Mountain View.

“I’m of the mindset that we’re going to see a lot more musical chairs in the immediate future.”

Springline’s Holiday Extravaganza set for December 2

• December 1, 2023

The 2023 Holiday Extravaganza — featuring real snow to go sledding and build a snowman — will take place at the Plaza at Springline on Saturday, December 2, from 4:00 to 9:00 pm. Admission is free to the public.

There will be small bites, cocktails, and hot chocolate.

Purchase fresh wreaths and garland at The Guardsmen’s nursery. All proceeds go towards at-risk youth programs.

MHN Announces 2023 Excellence Awards Winners

• December 1, 2023

Most Effective DEI Program: Gold: Presidio Bay Ventures; Best Development & Design: Affordable: Silver: Ventana Residences, Presidio Bay Ventures

PROPTECH’S BOOM AND BUST

• November 30, 2023

There’s a myriad of reasons why proptechs can and do fail: Often, the founders setting out to revolutionize residential construction — whether the materials used or the industry broadly — don’t have a background in building. They may not fully grasp the scale of the problem they’ve set out to solve, said Cyrus Sanandaji, whose development firm Presidio Bay Ventures has been an early investor in a score of proptechs, including building management company Latch and failed co-living startup Starcity.

What’s coming to town this holiday season

• November 16, 2023

Springline Holiday Extravaganza An event with live music from The School of Rock and The Freshmakers, food, festive cocktails and hot chocolate, a snow playground with real snow, outdoor screening of “Elf” and fresh wreaths and garlands for sale, to raise funds for at-risk youth.

Dec. 2, 4-9 p.m. at Springline Menlo Park,1300 El Camino Real, Menlo Park. Free; registration requested. springline.com.

A fitness studio, speakeasy and welcome lounge: Inside ‘The Cove,’ the luxury tenant amenity concept coming to 525 Market St.

• November 15, 2023

Presidio Bay Ventures has said it will invest heavily in 60 Spear St., an office property it purchased in August, to add a range of hospitality-forward amenities for future tenants.

Best for Homebrew: Bay Area Hetch Hetchy Water Is a Winner!

• November 7, 2023

Robin doesn’t use menus – tell them your likes and dislikes and they’ll curate a meal to your taste.

Andytown has a sparkling espresso + real whipped cream that’s truly an unexpected taste sensation.

For a Roasted Eggplant Wrap that is wowie delicious, and other super fresh food – stop by Proper Food.

And for a casual, fun, hangout - check out the comfortable and cozy indoor and outdoor seating at Barebottle Brew Co – the perfect place to catch up with family and friends this holiday.

Lord Stanley Is Back! Along with Plenty of Global Influences Around the Bay

• November 3, 2023

Springline in Menlo Park is turning into quite the dining destination. Joining the ranks of Burma Love, which opened in July, and Che Fico Parco Menlo, debuting this month, is sushi sensation Robin. In lieu of a menu, expert staff guide diners through an omakase experience based on their budget and dietary preferences. It’s a unique and delicious take on classic sushi omakase that encourages repeat experimentation.

Who’s afraid of San Francisco office?

• November 2, 2023

Just a few blocks away from 350 California, 60 Spear Street in the South Financial District also changed hands from an out-of-town seller to a local buyer at an enormous discount. New York based Clarion Partners sold the building for just under $41 million — or about $250 per square foot — to San Francisco-based Presidio Bay Ventures this summer.

Culinary Destination: A Taste of Springline

• November 1, 2023

"That's deliberate. Cyrus Sanandaji, Springline's de­ veloper and the dynamic young managing principal of Presidio Bay Ventures. lives in San Francisco. has frequented all these res­taurants and envisioned local brands that repre­ sent the City by the Bay's distinct cultural iden-tity and iconic pull. "We looked to see what would complement existing fine dining options in the South Bay. and what didn't exist." he explains. "Instead of just heavy dinner places. we wanted quality, approachable outlets."

From caviar-stuffed mozzarella to fried Parmesan pinwheels, Che Fico’s new Menlo Park restaurant puts a modern spin on Italian taverna fare

• November 1, 2023

Che Fico Parco Menlo opens at the Springline development Nov. 8. The sister restaurant of the acclaimed Che Fico and Che Fico Alimentari in San Francisco, it’s one of the final eateries to open at the development. The lineup includes Robin Menlo Park, the sister location of the renowned San Francisco sushi restaurant; Andytown Coffee Roasters, tapas bar Canteen and sister cafe Canteen Coffee Shop, grab-and-go cafe Proper Food, Burmese restaurant Burma Love and Barebottle Brewing Company. Remaining eateries coming to Springline include Che Fico’s Italian market, opening later this year, and contemporary Mexican restaurant Mírame, opening in 2024.

Croffles, Boba, and Korean Corn Dogs Collide at This New East Bay Dessert Spot

• October 25, 2023

The Peninsula spinoff of San Francisco’s popular Italian restaurant Che Fico will open on November 8. Che Fico Parco Menlo is located at the mixed-use development Springline at 1302 El Camino Real. The massive 7,500-square-foot restaurant will have a dedicated room for making pizza dough, an open kitchen, and a private dining room, the Chronicle writes.

Behind the Project: Tackling San Francisco’s Affordability Crisis

• October 24, 2023

We built Ventana Residences for the area’s diverse community of families, students and working professionals. Ventana pairs an urban lifestyle conveniently located among the energy of the Outer Mission, one block from Mission Street and a 10-minute BART ride from downtown, offering a highly amenitized living experience.

No menu needed at Robin, the newest restaurant at Springline in Menlo Park

• October 18, 2023

The lineup of restaurants at Menlo Park’s Springline development includes several buzzy and familiar names like Canteen, the sister restaurant of Camper’s Greg Kuzia-Carmel, and San Francisco’s Barebottle Brewing Company and Burma Love. But one element sets the newest addition, Robin Menlo Park, apart: It doesn’t have a menu.

Mayor Breed proposes a vote on removing taxes for office conversions in S.F.

• October 17, 2023

But developer Cyrus Sanandaji of Presidio Bay Ventures said that a one-time tax waiver won’t help, as whoever buys the property from the second owner would have to pay the 6% when they sell the property.
“The next buyer of the stabilized asset is going to get hit with the 6% transfer tax,” he said. “Kicking the can down the road by exempting it once doesn’t change anything.”

Instead, he said, he supports “the wholesale reduction of transfer taxes on housing, full stop.”

Doom Loop Opportunities? San Francisco Real Estate Investors Bet Long on City

• October 15, 2023

“San Francisco is on a fire sale, and that’s largely due to people that aren’t here who are writing us off,” said Cyrus Sanandaji, the CEO of Presidio Bay Ventures. The company bought 60 Spear St., an 11-story office building built in 1967, with the aim of upgrading amenities at the property and renting it out at top-tier prices.

First Taste: SF’s contemporary-cool Robin opens bigger and better on the Peninsula

• October 13, 2023

But while the new Robin takes the same contemporary-cool approach to omakase as its first location, the restaurant isn’t exactly the same as the original; it’s better. For starters, the moody dining room with its stormy mural (painted by the much-sought-after local artist Caroline Lizarraga), earth-toned seating, and charred black wood accents reminiscent of traditional Japanese construction, is much larger than its pocket-sized predecessor. Perhaps more importantly, unlike Robin SF, Robin Menlo Park has a liquor license.

Acclaimed S.F. Italian restaurant unveils stunning new location

• October 9, 2023

The much-anticipated Che Fico Parco Menlo, the owners’ first project outside San Francisco, opens Nov. 8 at Springline at 1302 El Camino Real. The restaurant is the mixed-used development’s anchor food tenant, and it shows. The stunning 7,500-square-foot space is tricked out with a gleaming open kitchen, hand-blown glass chandeliers inspired by pasta shapes, pizza ovens with five times the capacity of those at Che Fico San Francisco and a huge private dining room with its own kitchen.

Robin flies south to the Peninsula

• October 6, 2023

“Some dishes everybody will get, some are unique,” says Michael. “It’s a little bit of adventure for the guests. They feel like we are paying attention to them.”

Adds chef-owner Adam Tortosa: “I wanted to be a chef since I was very young and was nterested in sushi specifically. In creating a dish, there’s usually an inspiration from seasonal fruits or vegetables. I look for flavor and texture. And I always want to make it interesting! ”

Top dumpling shop arrives, plus more Peninsula and South Bay restaurant openings

• October 5, 2023

Robin, a popular San Francisco restaurant known for its inventive take on sushi, has a swanky new location in Menlo Park. The tasting menu changes frequently and is customizable based on what diners want to order (and how much they’d like to pay), but expect dishes like live uni from Mendocino and potato chip nigiri topped with caviar. Robin is located at Springline, a buzzy development that’s bringing names like San Francisco’s Che Fico to the Peninsula.

San Francisco’s Robin brings its modern take on high-end omakase sushi to Menlo Park

• October 4, 2023

“We’re definitely not trying to transport you to Japan,” Tortosa said. “It’s certainly an inspiration, an ode to Japanese precision and execution and quality, but in a more approachable, fun and super contemporary environment.”

“Every bite is a composed dish as far as the different flavors, different textures,” he continued. “Typically in high-end sushi, the flavor with the fish is usually soy sauce or maybe lemon and salt. We’re not trying to mask the fish, but we’re trying to use these other flavors to heighten the fish.”

Presidio Bay Ventures Tops Out On Life Science Project In San Carlos

• October 2, 2023

The four-story structure contains around 147,000 square feet of rentable laboratory and office space. Once complete, employees will be provided access to a variety of amenities to promote more work from the office. These include a fully equipped fitness center, a landscaped rooftop deck, secure parking for 30 bicycles, and charging stations for electric bicycles and cars. The structure is equipped with MERV-16-compatible air filters, an open-air stairwell, and other features to create a healthy indoor work environment.

Springline is the Mixed-Use Project honoree for the 2023 Structures Awards

• September 29, 2023

In 2020, when Presidio Bay Ventures acquired the mixed-use Springline development from Greenheart Land Co., nothing was pre-leased in either the project’s office or retail portions. Two years later, Presidio Bay didn’t have anything else to offer in Springline’s 200,000 square feet of office space or among its 10 retail units. It was 100% leased.

San Francisco office buyers look for bargain-basement deals

• September 27, 2023

Locally based Presidio Bay Ventures teamed up with an unidentified “local family office” to buy a 157,000-square-foot office building at 60 Spear Street in the Financial District for $41 million, with plans to pour in another $50 million to fix it. That’s less than half its value in 2014.

How San Francisco Plans to Save Its Downtown

• September 26, 2023

The exodus of workers and businesses during the pandemic left San Francisco a shell of its former self. But there are small signs of a turnaround. WSJ explores whether new civic policies and fresh commercial interest can rejuvenate the city’s downtown.

Spotted: Glow-in-the-dark “silent disco” at Springline

• September 25, 2023

The new Springline development in Menlo Park wrapped up two weekends of opening events with a glow-in-the-dark themed dance party under neon lights that featured light-up headphones, party favors, outdoor games, and beverages provided by Barebottle Brewing Company.

Arts briefs: Joshua Redman at Stanford Live, Smuin Ballet, Springline’s official opening and more

• September 21, 2023

Menlo Park's newest development marks its official opening with an extravaganza of activities that truly does seem to offer something for everyone. Following on festivities from last week that included a sold-out jazz show, Springline's opening events this weekend include a craft cocktail fair on Sept. 21, an art gala on Sept. 22 highlighting pieces by local artists, with LED installations, live art and more on display in the plaza, plus craft cocktails and bites and a panel discussion. The following day, Sept. 23, heralds the coming of fall with the End of Summer Palooza, a carnival with live music, games, food trucks, wine tasting and outdoor movies. Also on Sept. 23, guests can get their groove on without even disturbing the neighbors at the After Dark Silent Disco, dancing to tunes spun by DJ Red Corvette broadcast through headphones, while enjoying outdoor games, plus beer and wine.

Landlord-tenant partnerships could help spur CRE recovery in SF

• September 20, 2023

Cyrus Sanandaji, founder and CEO of Presidio Bay Ventures, called on the commercial real estate community to get active in everything from returning to the office to putting its strength behind more business-friendly politicians in order to get the city’s spaces filled again.

“Apathy is really what got us here,” the developer said at a panel discussion at Bisnow’s San Francisco Retail and Restaurants Conference on Tuesday. “And people overlooking the significance of consequences.”

Michelin Guide-Listed Sushi Sensation Robin Opens on the Peninsula With No Menu in Sight

• September 20, 2023

Because of the restaurant’s bespoke approach to omakase, diners are unlikely to ever have the same experience more than once. But the restaurant does have some signature offerings, which will be ported down to Menlo Park from San Francisco. On the nigiri front, expect to see Mt. Lassen Steelhead paired with yellow peach and local Half Moon Bay wasabi and, for a luxurious bite, saltwater-stored Japanese uni crowned with white sturgeon caviar from Sacramento. Sashimi might include hirame kombujime, or California halibut cured in Japanese kombu served with coconut and kabosu verjus, jicama, and smoked pineapple. The kitchen, led by head sushi chef Kentaro Ikuta, will also put out plates such as toro tartare made with morel reduced soy and sesame noodles dressed in Japanese “chimichurri” and black truffle.

Top S.F. sushi restaurant opens swanky new outpost

• September 20, 2023

The new menu will be similar to the one in San Francisco, but not a carbon copy, said chef-owner Adam Tortosa. Staple dishes like the potato chip creation and aged beef nigiri covered with shaved foie gras will be served during a two-hour tasting menu. The seafood options are seasonal, featuring fish like black throat sea perch from Japan, charred Northern California rockfish or live uni from Mendocino. Ingredients like truffle butter, whipped tofu and aged soy sauce are often incorporated into the ever-changing omakase menu. The price ranges from $109 to $189 for 12 to 18 dishes, depending on what diners order.

Presidio Bay Ventures Opens 6.4-Acre Springline Mixed-Use Development in Menlo Park, California

• September 18, 2023

“We have delivered a magnetic destination in the heart of Silicon Valley that attracts the Bay area’s best to live, work and play,” says K. Cyrus Sanandaji, managing principal of Presidio Bay. “Over the past three years, we have created a destination with thoughtfully designed spaces that allow for tenants, residents and the local community to interact.”

San Francisco Office Market Shows Signs of Life

• September 17, 2023

Others are taking advantage of deeply discounted sales prices to spruce up their new purchases. K. Cyrus Sanandaji, managing principal of Presidio Bay Ventures, recently acquired the office tower 60 Spear Street in the city’s financial district for about $41 million, or some 62% less than it sold for in 2014.

That low price will enable Presidio to add such amenities as a rooftop restaurant and bar and a fitness center to the building, Sanandaji said.

Springline grand opening festivities take place from September 14-23

• September 13, 2023

Two weeks of Springline Grand Opening festivities start on Thursday, September 14, and continue through Saturday, September 23. RSVP or purchase tickets to one or all of the events through the links online. Springline is on Oak Grove and El Camino.

Here Are the Bay Area’s Most Anticipated Restaurant Openings of Fall 2023

• September 6, 2023

Robin Springline- Opening: Mid-September
Michelin Guide-listed sushi restaurant Robin has been one of San Francisco’s favorite high-end sushi destinations for years and soon chef Adam Tortosa and partner Michael Huffman will take the show down the Peninsula to open a second outpost at Springline, the ambitious Menlo Park development. 1300 El Camino Real, #C, Menlo Park

Che Fico Parco Menlo
Opening: Late September/Early October
James Beard Award semifinalist David Nayfeld will take his chic Italian restaurant Che Fico to Springline, the ambitious mixed-use development in Menlo Park. Che Fico Parco Menlo will stay true to its restaurant roots with some small updates for the South Bay scene. It opens in tandem with Il Mercato Di Che Fico, an Italian-focused market that will sell produce, prepared foods, wine, and gelato. 1300 El Camino Real, Menlo Park

GRAND OPENING – Menlo Park’s Springline Offers Experiential Community Events

• September 6, 2023

“Thanks to the incredible hard work of our dedicated team of architects, engineers, consultants, contractors, community and city partners, our vision for Springline has now come to life. We have delivered a magnetic destination in the heart of Silicon Valley,” says Managing Principal K. Cyrus Sanandaji. “Over the past three years, we have created a destination with thoughtfully designed spaces that allow for tenants, residents, and the local community to interact.”

Menlo’s Park Fall 2023 “Craft Cocktail Fair” (Springline Grand Opening)

• September 6, 2023

Join Springline Restaurants for an evening of cocktails and live music! Each participating restaurant will serve its signature cocktails and mocktails to bring you a taste of Springline. This event is free to the public with beverages available for purchase.

Participating Restaurants:
Che Fico; Burma Love; Andytown; Canteen Wine Bar; Barebottle

Spotted: Pretty — and tasty — octopus at Canteen in Menlo Park

• August 31, 2023

We recently enjoyed a medley of tasty dishes at Canteen including our favorite fried Half Moon Bay Brussels sprouts and new-to-us “Papas Bravas” potatoes. But the biggest hit was the grilled octopus “a la Gallega” — a piece of art that tasted every bit as good.

Canteen, overseen by chef Greg Kuzia-Carmel, is located at 550 Oak Grove Avenue, part of the Springline development.

Another downtown office building sells at steep discount: ‘We believe in San Francisco’

• August 31, 2023

“We viewed this as a generational opportunity to acquire an immaculately maintained and very well-located Financial District building at below replacement cost, and to do so with a skilled and trusted partner,” Connor Kidd, CEO of the Swig Co., said in a statement. “The Swig Co. believes in building strong and lasting partnerships and we believe in San Francisco.”

City Approves 642 Quarry Road In San Carlos

• August 25, 2023

The City of San Carlos has approved plans for 642 Quarry Road in San Carlos, San Mateo County. The application would be the second life sciences project by the project developer, Presidio Bay Ventures, including two office buildings and a garage. Presidio purchased the property in 2022 for $34 million.

The proposal includes three structures with 643,890 square feet, including 410,070 square feet of leasable space and 233,820 square feet for the ten-story garage. The complex will have a capacity for 933 cars and 141 bicycles. Once complete, the complex could host 1,400 employees. Amenities will include a community childcare facility, outdoor public space, a fitness center, a yoga studio, and a golf simulator in the entertainment room.

Investment optimism in downtown San Francisco

• August 24, 2023

KTVU's Heather Holmes speaks with Founder, CEO and Managing Director of Presidio Bay Ventures Cyrus Sanandaji about his recent real estate purchases in downtown San Francisco.

10 eagerly anticipated Bay Area restaurants for summer/fall 2023

• August 21, 2023

Chef David Nayfeld’s Che Fico is one of the key pieces of the retail-culinary lineup for Springline, the massive mixed-use project that’s springing up along El Camino Real and bound to become a top dining destination.

Presidio Bay Ventures buys office building in Downtown SF for $41M

• August 17, 2023

Real estate investor Cyrus Sanandaji has placed a $91 million bet on Downtown San Francisco, dubbed early this year as “the most empty downtown in America.”

The founder of locally based Presidio Bay Ventures has bought an 11-story, 56-year-old office building at 60 Spear Street in the south Financial District for $41 million, with plans to pour in another $50 million to fix it up, the San Francisco Chronicle reported.

Real estate developer bets big on San Francisco’s downtown

• August 17, 2023

“They made decisions across the board to try this remote work,” said Sanandaji, “and now three years into this experiment, I think we’re hearing from all the major employers, all the major trend setters in that space — both from the operator’s side but also on the investment side — that it’s not working.”

The idea, for him, isn’t simply to be a landlord. Sanandaji also plans to build a rooftop lounge and restaurant.

When workers do return to the office, he believes the buildings they’re in should have spaces that invite them to stay. And, at night, they should be destinations for everyone else to enjoy.

‘The recovery is absolutely starting’: Why one contrarian office investor is buying in downtown S.F.

• August 16, 2023

Last week Sanandaji backed up the talk with a big bet. His firm bought an office building at 60 Spear St. for $41 million and announced plans to invest another $50 million to make the 11-story structure, built in 1967, a model of what he says a post-pandemic office building should look like. At $240 a square foot, the price Presidio Bay paid for the building was 61.7% less than the $107 million the seller, Clarion Partners, had paid for it in 2014.

San Carlos OKs life science plan

• August 16, 2023

San Carlos councilmembers approved plans for a new research and development campus proposal on the north eastern end of the city, clearing the way for more than 410,000 square feet of office space in exchange for millions of dollars worth of community benefits.

Much of Monday’s council meeting was spent discussing the commercial proposal at 642 Quarry Road, put forward by the firm Presidio Bay Ventures. Once complete, the project will comprise three buildings — two six-story office buildings and one nine-story parking garage — on a 4.7-acre site.

Wall Street Is Ready to Scoop Up Commercial Real Estate on the Cheap

• August 15, 2023

In one recent example, the owner of a downtown San Francisco office tower unloaded the property for $41 million to developer Presidio Bay. The seller, Clarion Partners, had purchased the property for $107 million in 2014.

Real estate firm Presidio Bay Ventures is working on plan to diversify the industry

• August 11, 2023

"We've all been well aware of the challenges as it relates to diversity and inclusion within real estate," Seth said. "Specifically, there's a lot of reasons that historically have prevented people of color, women, underrepresented groups and underserved communities, from really being in a position of decision making and autonomy within the context of real estate."

Ultimately, Seth said the "grand vision" is scaling the program to a national level, establishing a "pipeline of diverse talent" to serve the entire industry's needs.

Deal for San Francisco Office Building Spotlights Deep Discounting

• August 10, 2023

"We have remained optimistic about the San Francisco office market and saw 60 Spear as a phenomenal opportunity in a prominent downtown location," Presidio Bay Managing Principal and Founder K. Cyrus Sanandaji said in a statement to CoStar News. "Though we acknowledge the formidable challenges that confront San Francisco, we have already witnessed substantial improvements in these areas and believe that a true urban renaissance is unfolding within the city."

Downtown SF office building sells for 66% less than assessed value

• August 10, 2023

“We have remained optimistic about the San Francisco office market and saw 60 Spear as a phenomenal opportunity in a prominent downtown location that will attract quality tenants who are seeking a unique product,” K. Cyrus Sanandaji, founder and managing principal of Presidio Bay, said in a statement. “Though we acknowledge the formidable challenges that confront San Francisco, we have already witnessed substantial improvements in these areas and believe that a true urban renaissance is unfolding within the city.”

Presidio Bay Ventures Buys 157,000 SQFT 60 Spear in San Francisco for $41MM

• August 9, 2023

In one of the most anticipated transactions in the City of San Francisco, sources have confirmed that a local development firm Presidio Bay Ventures, has been selected at the buyer of the 11-story, 157,436-square-foot 60 Spear property. The price on the acquisition is $41 million, or approximately $260 per square foot, according to public documents. The Registry reported in early July that the sale price was $45 million, which has been negotiated down since our earlier report.

Presidio Bay Ventures closes on 60 Spear office building in S.F.

• August 9, 2023

Presidio Bay Ventures this week closed on a bid to purchase an 11-story office tower in San Francisco that Clarion Partners listed for sale earlier this year.

Cyrus Sanandaji, managing principal at Presidio Bay Ventures, told me in June that the firm is "continuing to focus on opportunistic deals downtown," where the Covid-19-fueled downturn has created no shortage of opportunities for those willing to bet on the area overcoming its current challenges.

Largest Commercial Developers in the Greater Bay Area

• August 4, 2023

This List includes commercial developers with projects located in the Greater Bay Area, which is defined as Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano and Sonoma counties. Square footages pertain to Greater Bay Area development as of June 2023. “In the pipeline” is defined as projects in planning, proposed, approved or under construction. This list only includes developers whose primary business is real estate and real estate development and includes only commercial developments such as retail, office, multifamily, mixed-use, industrial, PDR and lab space uses.

A rare vegan bakery and more new Peninsula and South Bay restaurants

• August 4, 2023

Burma Love, the sister restaurant of San Francisco’s beloved Burma Superstar, has opened its first Peninsula location. Located at Menlo Park development Springline, which is steadily filling up with restaurants and cafes, this location serves Burma Love’s tea leaf salad, curries and other popular dishes. The sleek dining room is decorated with a mural of Burma, a green velvet banquette and sparkly globe chandeliers. The full bar serves cocktails like the Last Harp in Bagan with strawberry gin, Luzhou Laojiao (a Chinese liquor), smoked strawberry, hibiscus and lapsang souchong tea.

This city is building a place for people to ‘emotionally experience’ S.F. So far, it’s a hit

• August 3, 2023

In an email, Cyrus Sanandaji, managing principal at the company, emphasized the importance of cultural authenticity to the project.

“Silicon Valley’s vibrant tech-driven ecosystem has always been a magnet for global talent and forward-thinkers,” he wrote. “Yet, beneath its digital facade lies a rich tapestry of diverse individuals seeking authentic, community-centered experiences that often escape the fast-paced rhythm of their professional lives.”

Barebottle brings its locally inspired beers and natural wines to a new Menlo Park taproom

• August 3, 2023

Behind the bar, customers can find over 20 of Barebottle’s beers on draft, ranging from light, crisp lagers to fruited sour ales and stiffer options like double IPAs and a barleywine. Nonalcoholic beverages, like sparkling hop water, a ginger-hibiscus soda and blueberry pomegranate kombucha — all made by Barebottle — are also available, as are Argentinian empanadas from San Francisco caterer Pampa BBQ. Customers can also bring their own food or even order pintxos and other Spanish-inspired fare from tapas restaurant Canteen, which will bring the food over to the taproom from its space next door.

Presidio Bay Summer Program Aims to Aid Real Estate’s Next Generation

• August 1, 2023

This community-centric approach distinguishes Presidio Bay’s scholarship program, which the developer launched in 2021. Based in the Bay Area, Presidio Bay takes a hands-on approach to introduce students to commercial real estate — and provide industry access to students from underrepresented, underserved and marginalized communities. It’s one of the initiatives that have taken root since the industry-wide DEI reckoning in 2020, which highlighted the need for increased inclusion in the industry.

Exploring the Latest Trends in High-End Residential Amenities

• July 28, 2023

In the heart of Silicon Valley, Springline is a 6.4-acre mixed-use development that prioritizes technology and innovation. As the world’s hotspot for tech companies and startups, Springline integrates advanced security measures with the K5-ASR autonomous robot by Knightscope. The robot patrols the property, ensuring the safety of residents and office tenants. This futuristic approach to security highlights how technology can shape the luxury living experience.

San Francisco’s Burma Love makes its debut at Menlo Park’s Springline development

• July 26, 2023

Menlo Park’s growing Springline development has added a renowned San Francisco restaurant to its lineup of eateries: Burmese restaurant Burma Love, which opened July 19. The new establishment is Burma Love’s third Bay Area location and first restaurant on the Peninsula.

Presidio Bay Completes 193-Unit Ventana Residences in San Francisco

• July 24, 2023

Presidio Bay, a leading, innovative Bay Area-based commercial real estate development and investment firm, announces the completion of Ventana Residences (99 Ocean Avenue), San Francisco’s biggest apartment complex to open in 2023 and the largest project built using the city’s innovative HOME-SF affordable housing initiative.

Burma Love and Barebottle are open at Springline in Menlo Park

• July 21, 2023

An extension of Burma Love’s family of restaurants, the well-known San Francisco destination opened in Menlo Park at Springline on Wednesday (7/19). The restaurant, which will be open Sun.-Thurs. from 4:00-9:00 pm and Fri.-Sat. from 4:00-9:30 pm, will offer its famous Tea Leaf Salad (pictured), Samusa Soup, and Classic Mohinga along with seafood plates and exclusive bar menu which includes Burma Ale and specialty Burmese and Southeast Asian-inspired cocktails.

With taprooms across the Bay Area, Barebottle opened Thursday (7/20) at Springline. This location will offer its own roasted coffee, wine and — of course — home-brewed beer.

A running list of new restaurants, bars, and bakeries from San Francisco to Sacramento

• July 18, 2023

Looks like the Springline development in Menlo Park is chugging along nicely, as its latest restaurants are set to open this weekend: Burmese restaurant Burma Love will open on Wednesday, July 19, while Barebottle Brewing Company opens on Thursday, July 20. It’s the latest round of openings for the complex, which will have as many as 11 different restaurants and cafes open by fall.

Spotted: Lamb sausage among the newer options at Canteen

• July 7, 2023

Since Chef Greg Kuzia-Carmel of Camper fame opened Canteen in Menlo Park’s Springline Development in January, the menu has continued to expand.

There are still more than a dozen snacks/small bites available but a range of other larger options.

Favorites last night were the fried Half Moon Bay Brussel Sprouts and Gambrel’s Lamb Sausage served with sweet corn.

Presidio Bay Preps 2 Life Sciences Projects In Burgeoning San Carlos Market

• July 6, 2023

Longtime Bay Area developer Presidio Bay Ventures is the latest player to get in on a growing trend of life sciences development in the small city of San Carlos, California, with a pair of projects underway: 777 Industrial, a 146K SF Class-A lab and office space, and 642 Quarry, a 472K SF, six-story research and development campus.

Leading San Francisco Developer Presidio Bay Ventures Brings New Energy to Silicon Valley with Springline, Setting An Example for Future Urban Developments

• June 30, 2023

Springline’s Most Recent Updates Include:
Office: Springline was able to secure 100% leasing of their 2 Class-A (200,000 square feet) modern office buildings.
Residential: Springline is proud to be exceeding market expectations and is 86% leased.
Retail: Springline was able to command the attention of San Francisco’s most coveted restaurants like Che Fico Parco Menlo, Burma Love, and Robin. In May, Proper Food and Andytown Coffee Roasters opened their doors and these new locations are their first ones outside of the Bay Area. Burma Love, Barebottle Taproom, and Robin will open to a hungry community in the next few weeks. By Labor Day, all of Springline’s highly anticipated restaurants aside will be open with the exception of Mirame which will open in the fall.

Barre3 pop-up at Springline in Menlo Park on June 25

• June 23, 2023

Come to the Plaza at Springline on Sunday, June 25 for a low impact, full-body workout that combines strength, cardio, and mindfulness from 9:30 to 10:30 am. This all-inclusive workout is perfect for beginners and experts alike. Admission is free and open to the public. Remember to bring your yoga mat!

12 new Bay Area restaurants we can’t wait to try this summer

• June 15, 2023

Robin, a popular, upscale San Francisco sushi restaurant, is gearing up to debut a second location and its first outside of the city at Springline, a new development in Menlo Park. Robin will likely be one of the fanciest, and most expensive, restaurants at Springline, where San Francisco Italian favorite Che Fico is opening a casual spinoff this summer and popular cafe Andytown Coffee just arrived.

Retail-to-Life Science Conversions: How to Successfully Reposition Your Asset

• June 14, 2023

“You’re starting to see a lot of those department stores, the big-box anchors, realize their business models have changed or been disrupted because of e-commerce,” says Sanandaji. “It’s inevitable that you’re going to need to reimagine what those shopping centers and those big-box stores look like.”

How one S.F. developer overcame the pandemic to go big in an unlikely neighborhood

• May 23, 2023

“Between March and December of 2020, all the headlines were, ‘San Francisco is collapsing. Everyone is leaving. Rents are dropping 20%,” he said. “In that economy, we still had full faith in San Francisco’s ability to rebound. We are totally dedicated to solving the housing situation in the city.”

Proper Food opens Menlo Park location at Springline

• May 16, 2023

Opening Proper Food at the Springline development in Menlo Park is a homecoming of sorts for owners Dana and Howard Bloom.

When Springline approached them to be part of the new development, they were struck by its innovative mix of residential, office and eateries.

“We believed it was a great location for making high quality food more accessible to both Menlo Park and the Stanford community,” Dana says.

Viewpoint: Is there a path forward in San Francisco’s self-inflicted housing crisis?

• May 12, 2023

The solution is clear: Business should be championed and subsidized rather than demonized, a statement that will no doubt invite backlash from progressives. But this is reality: Employment and housing are intrinsically linked. Innovation and a rising economy produce jobs and tax revenues needed to build housing, especially affordable housing. As noted above, San Francisco cannot produce 82,069 housing units by 2031 on its own. The city cannot vilify tech companies, developers, investors, and lenders, and pursue anti-business policies that drive a corporate and talent exodus on the one hand, and expect new investment and housing production to achieve its Housing Element goals on the other.

Free Barre3 pop-up class at Springline on May 13

• May 12, 2023

On Saturday, May 13 from 9:30 to 11:00 am, join Barre3 in The Plaza at Springline (1300 El Camino Real) for a low impact, full-body workout that combines strength, cardio, and mindfulness. This all-inclusive workout is perfect for beginners and experts alike.

Menlo Park: Proper Food brings its chef-designed takeout meals to new Springline complex

• May 1, 2023

Proper Food has finally brought its “fresh take on takeaway” concept to the Peninsula, not far from the Stanford campus where the company’s founders met.

A grand opening will be held Tuesday at the new Menlo Park location at Springline on El Camino Real. Hours going forward will be 8 a.m. to 2:30 p.m. on weekdays.

Andytown Coffee, Proper Food are the latest eateries opening at Springline in Menlo Park

• April 25, 2023

A grab-and-go food outpost by Proper Food and a Peninsula location of Andytown Coffee Roasters are the next two eateries in a spate of dining concepts coming to Menlo Park at Springline, a mixed-use development with 183 apartments plus retail and office spaces.

Earth Day related events at Springline on April 19 & 20

• April 17, 2023

Grab some food from the food trucks and come create live moss art to brighten up your desk or home. In addition, there will be a Rivian and Envoy demonstration and Zero waste cleaning product company Greatfill will host a discussion on the brand’s sustainable mission in addition to offering a discount to residents.

Silicon Valley Development Transforms Suburb Into Bustling Mixed-Use Hub

• March 31, 2023

"Obviously, there was a huge question, or series of questions, around what the future would look like, let alone the future of the office," Sanandaji previously said about the project. "We have been really focused on destination placemaking. You have to view the project more holistically and realize that from a placemaking-strategy perspective, having an incredible lineup of restaurants and bars and activation is really going to start driving meaningful increases in rent on the commercial side, on the office side and residential side."

New option for extended stays at Springline in Menlo Park

• March 20, 2023

Have friends or relatives coming to visit for an extended time — and need to put them up somewhere other than your home? There’s a new option in town with the opening of Locale Menlo Park, which will manage 15 one-bedroom and two-bedroom residences at Springline.

The residences will feature a fully-equipped kitchen with coffee and tea, in-unit washer and dryer, free WiFi, and bath amenities.

Springline: Menlo Park’s New 6.4 Acre Development

• March 14, 2023

Springline emphasizes innovative safety technology, and all residents use an app to unlock doors, contact room service, and turn lights on and off. Part-time resident Apryl Stern said, “The Springline team uses the app frequently to communicate with residents. Sometimes they let us know of upcoming events, or construction that might cause inconveniences. We can also use it to reserve several common spaces, or submit a maintenance request.”

Locale Hospitality Expands into California with the Opening of Locale Menlo Park at Springline

• March 10, 2023

“Springline has already established itself as the future of Menlo Park and a world-class destination for the future of office, modern living, dining and entertainment,” said Kabir Seth, Principal at Presidio Bay. “Through Locale, we are adding another layer to our offerings by attracting modern travelers and renters seeking a more flexible alternative to traditional hotels and vacation rentals. We predict strong demand from both professionals and consumers who will no longer have to sacrifice their experience for convenience.”

Barre3 pop-up event at Springline on February 26

• February 23, 2023

On Sunday, February 26, from 9:30 to 11:00 am, Barre3 Menlo Park is bringing its Menlo Park studio to The Plaza at Springline (1300 El Camino) for the community to enjoy a low-impact, full-body workout. Remember to bring your yoga mat!

Canteen is first restaurant to open in Menlo Park’s Springline

• February 22, 2023

Chef Greg Kuzia-Carmel, who operates Camper in Menlo Park, recently opened Canteen at Springline, a 6.4-acre mixed-use development at 1300 El Camino Real. The first of several restaurants coming to Springline, Canteen will eventually be joined by Che Fico Italian restaurant and market, Burma Love, San Francisco’s Andytown Coffee Roasters and others.

23 Most-Anticipated Bay Area Restaurant Openings of 2023

• February 6, 2023

James Beard Award semifinalist David Nayfeld will take his San Francisco Italian dining destination Che Fico to Springline, the ambitious mixed-use development in Menlo Park. This spring, Mirame arrives in the Bay Area with an outpost at Springline set to bring dishes like salmon skin chicharones and a fermented tea leaf salad to the Silicon Valley.

This hot Bay Area development wants to be a dining destination. Its first restaurant opens this week

• January 24, 2023

It’s a small space, with eight seats at a white marble bar, a single six-seat communal table and smaller tables in a shared lobby space (outdoor seating will come soon). When customers take a number for their orders, they’ll be stamped on a miniature, colorful surf fin. Rather than a full-service restaurant, the idea is “something a little bit more irreverent, fun and informal,” Kuzia-Carmel said.

Chef Greg Kuzia-Carmel’s Canteen opens in the Springline development in Menlo Park

• January 24, 2023

“My goal for Canteen was to create a space that sets the bar high for casual, but carefully executed dining, while keeping the energy of the space young, welcoming and approachable,” said Chef Greg.

PRESIDIO BAY VENTURES BRINGS TO MARKET VENTANA RESIDENCES, 193-UNIT RESIDENTIAL PROPERTY WITH AFFORDABLE HOUSING COMPONENT IN SAN FRANCISCO’S OUTER MISSION NEIGHBORHOOD

• November 2, 2022

“We are proud to develop a project of this scale that is also addressing the city’s housing shortage. Thanks to the City’s HOME-SF program, we were able to triple the number of new affordable units created in District 11 since 2009,” said K. Cyrus Sanandaji, Founder and Managing Principal, Presidio Bay Ventures. “At Presidio Bay, placemaking and wellness are at the forefront of our decision making. We have worked to ensure that Ventana Residences will provide the community with a high-quality, socially activated and family-oriented offering that will inspire interaction between residents and the neighborhood for generations to come.”

27 Fun Things to Do This Week (10.14.24)

• October 11, 2024

Show your love for SF at a charity gala benefiting the Presidio Bay Foundation. The black-tie-and-sneakers dress code is just what the tech crowd ordered; Thursday, 7pm. // St. Joseph Art Society, 1401 Howard St. (SoMa); tickets at eventbrite.com

Try hyped-up pastries at this new bakery, plus more Peninsula and South Bay openings

• June 9, 2023

A local, fast-growing Vietnamese restaurant opened a large new location. One of Korea’s biggest sweets chains picked the region for its U.S. debut. And a popular San Francisco coffee shop put down roots in an exciting Menlo Park development.

Life Sciences Real Estate’s Biggest Deals Of 2022

• December 13, 2022

A host of new developments sprouted up in San Carlos, including a $190M deal earlier this year by Bentall GreenOak and Graymark Capital to buy up a biomanufacturing site. Others include the Alexandria District for Science and Technology, which leased up its first phase and will continue to grow, with a partnership between Premia Capital and Prince Street Partners planning a 174K SF life sciences project. Presidio Bay also has a second life sciences investment in the city, a $34M purchase of a redevelopment site for a future life sciences campus.

Initial Environmental Study Public For 642 Quarry Road, San Carlos, San Mateo County

• November 23, 2022

The three-structure development will yield 643,890 square feet of floor area with 410,070 square feet of offices and 233,820 square feet for the ten-level garage. The 89-foot tall garage will have a capacity for 939 cars, while the rest of the property includes long-term parking for 141 bicycles.The project plans are flexible, with the possibility of shifting the ratio of offices to laboratory space from 1:3 to 3:1.

Barry’s Bootcamp Pop-up at Springline on November 20

• November 18, 2022

Springline is hosting an outdoor Barry’s Bootcamp Pop-up this Sunday, November 20 from 9:30 to 10:30 am. Admission is free and open to the public. People can RSVP by emailing noelle@springline.com.

Dessert destinations: New cakes, patisserie and pastry-forward coffee shops abound

• November 10, 2022

Canteen Coffee Shop, located inside the Springline development in downtown Menlo Park, has officially opened. The cafe, by Greg Kuzia Carmel, the chef behind Camper on Santa Cruz Avenue, is located inside CANOPY, a co-working office space at the new 6.4-acre housing, office and retail complex.

Presidio Bay Ventures- What’s Their Secret Sauce? A Conversation with Founder Cyrus Sanandaji

• November 10, 2022

Welcome to NAIOP San Francisco Bay Area’s Podcast where we engage, deliberate and highlight the commercial real estate market and its leaders.

The first restaurant at Menlo Park’s Springline development is now open

• November 9, 2022

Canteen Coffee Shop, located inside the Springline development in downtown Menlo Park, has officially opened. The cafe, by Greg Kuzia Carmel, the chef behind Camper on Santa Cruz Avenue, is located inside CANOPY, a co-working office space at the new 6.4-acre housing, office and retail complex.

This Week’s San Francisco Deal Sheet

• November 7, 2022

“We are proud to develop a project of this scale that is also addressing the city’s housing shortage. Thanks to the City’s HOME-SF program, we were able to triple the number of new affordable units created in District 11 since 2009,” Presidio Bay Ventures founder and Managing Principal K. Cyrus Sanandaji said in a press release.

With Bay Area housing construction stalled, developers look to squeeze more units into existing projects

• November 5, 2022

Cyrus Sanandaji, managing director of Presidio Bay Ventures, said his group took a serious look at the property, but eventually decided to take a pass. Their plan was to use the state density bonus to push the unit count to 400. While “the math worked” at the price they were willing to pay, the investor they were working with decided to pass “due to San Francisco’s inefficiencies.”

Presidio Bay Launches Multifamily Project in Outer Mission

• November 4, 2022

“We are proud to develop a project of this scale that is also addressing the city’s housing shortage,” said Presidio Bay’s K. Cyrus Sanandaji. “We have worked to ensure that Ventana Residences will provide the community with a high-quality, socially activated and family-oriented offering that will inspire residents for generations to come.”

Presidio Bay Ventures Brings to Market Ventana Residences, 193-Unit Residential Property With Affordable Housing Component in San Francisco’s Outer Mission Neighborhood

• November 2, 2022

“We are proud to develop a project of this scale that is also addressing the city’s housing shortage. Thanks to the City’s HOME-SF program, we were able to triple the number of new affordable units created in District 11 since 2009,” said K. Cyrus Sanandaji, Founder and Managing Principal, Presidio Bay Ventures. “At Presidio Bay, placemaking and wellness are at the forefront of our decision making. We have worked to ensure that Ventana Residences will provide the community with a high-quality, socially activated and family-oriented offering that will inspire interaction between residents and the neighborhood for generations to come.”

Presidio Bay Ventures Talks With YIMBY About Ventana Residences In San Francisco

• October 31, 2022

"It’s a really unique offering from an apartment standpoint in San Francisco, in that it’s both designed for the workforce and for families with a pretty sizable number of three-bedrooms and two-bedrooms.

It is the largest HOME-SF project entitled and built. The fact that we’ve taken absolutely zero government subsidy of any form, whether equity or tax credits or otherwise, and delivered a 25% affordable project, I think, is something we wouldn’t be able to pull off today."

Presidio Bay sells out 6-acre urban village in Downtown Menlo Park

• October 27, 2022

Its offices have drawn tech, venture capital, finance and law tenants. They include Wells Fargo, which has been ditching offices and trying to sell a building in San Francisco, but leased 40,000 square feet for a new innovation group

Jackson Lucas Impact Real Estate Podcast with Kabir Seth

• October 27, 2022

On this episode of the Jackson Lucas Impact Real Estate Podcast, we visit with an up-and-coming industry powerhouse and COO at Presidio Bay Kabir Seth. Kabir talks about his journey from Dubai to the Bay Area and how he fell into a career running a firm that designs, builds and operates a diverse set of product types.

This new Silicon Valley development is fully leased, as other offices go vacant. Here’s why it’s so hot!

• October 26, 2022

The quick office lease-up is a contrast to the overall trends on the Peninsula, which in the third quarter saw tenants give up 450,000 square feet more space than they leased. Nearly 17% of office space on the Peninsula is either vacant or available as sublease, according to CBRE.

Golden Acorn Awards will be celebrated virtually on October 27

• October 25, 2022

The Menlo Park Chamber of Commerce will host the 45th annual Golden Acorn Award ceremony virtually on Thursday, October 27, at 5:00 pm. The keynote speaker is Cyrus Sanandaji, Founder, CEO and Managing Partner of Presidio Ventures, the organization behind the Springline development.

Exploring Redevelopment Opportunities Within Life Sciences

• October 21, 2022

Sanandaji believes that certain submarkets such as San Carlos and Redwood City in California—two up-and-coming life sciences hubs—will perform exceptionally well given their walkability, amenity-rich surroundings and transit-oriented locations. “Locating projects in these types of submarkets, while emphasizing the human factor in our design, allows our tenants to thrive by maximizing recruitment, retention and productivity,” he said.

Money Talks: Presidio Bay Ventures on proptech’s ‘misplaced optimism’

• October 17, 2022

K. Cyrus Sanandaji and Kabir Seth founded Presidio Bay as a real estate development firm in 2012, and have also been investing in startups for more than a decade. They were early investors in smart lock and building management company Latch (its stock has cratered more than 90% since its IPO, trading below $1 as of Monday) and failed co-living startup Starcity. They also consider the firm to be a product incubator and consults with startups — one of their former clients was WeLive, Adam Neumann's failed co-living extension of WeWork.

Money Talks: Presidio Bay Ventures on proptech’s ‘misplaced optimism’

• October 17, 2022

We're doing acquisitions, we're designing, engineering, building, operating, dealing with investor relations. We really have our hands involved in every facet of the real estate industry, and by extension, the architecture, engineering construction world, as well. We realized that a lot of the products, a lot of the services, that existed weren’t quite at the level that we wanted them to be, or weren't satisfied with the status quo. So very early on in the history of the firm, we would come across entrepreneurs who had great ideas — well before “proptech” existed — and ended up getting us involved in venture investing.

Survey: SF has largest share of people eager to move

• October 13, 2022

Presidio Bay Ventures founder K. Cyrus Sanandaji said the city’s social contract is broken – and took issue with San Francisco’s inability to rein in crime and homelessness.

Wells Fargo joins growing roster of tenants at Springline in Menlo Park

• October 4, 2022

Wells Fargo Bank is the newest tenant at Presidio Bay Ventures' Springline mixed-use development in Menlo Park, which has attracted VC, tech and law firm tenants over the past year. The bank, which is headquartered in San Francisco and recently reduced its real estate holdings there, has committed to 40,000 square feet at the 100,000-square-foot North office building at 1300-1302 El Camino Real. It will open there in 2023.

GI Partners Pays $388M for Trio of Peninsula Life Science Assets

• October 3, 2022

GI Partners continues its strategy of acquiring and managing tech and science real estate, purchasing a portfolio of three life sciences lab buildings in South San Francisco and San Carlos, CA. The company purchased the “Peninsula Lab Collection” from Alexandria Real Estate for a combined total of $388 million.

Bird’s eye view of Springline development in Menlo Park

• September 29, 2022

Springline, the 6.4-acre development that intersects Oak Grove Avenue and El Camino in Menlo Park, combines 183 one-to-three bedroom residences with 200,000 square foot of office space and nine restaurants, which will open later this fall.

San Francisco Real Estate: 5 Huge Housing Projects That Beat Insane City Rules To Get Built

• September 28, 2022

One of the goals of the project is to accommodate young families, who might otherwise struggle to find housing that can accommodate their need for more space, Kabir Seth, chief operations officer of Presidio Bay Ventures said. These families might otherwise have to leave the city.

Viewpoint: San Francisco’s social contract is broken. Can it be restored?

• September 27, 2022

I have high hopes for our new District Attorney, Brooke Jenkins, who has vowed to restore accountability and consequences to our criminal justice system. “We are a city of second chances, but the truth is we have to draw a line with people who choose hate, violence and a life of crime,” Jenkins said at a recent press conference. I’m also encouraged by groups such as Stop Crime SF, which are working to improve public safety. But revitalizing San Francisco will require every elected official, every business owner, every resident to come together and renew our social contract and play a part in changing the course of this great city. We are bordering on the irrecoverable

These are the 11 most exciting Bay Area restaurants opening this fall

• September 14, 2022

The first restaurant to open at Springline, a splashy, food-filled development in Menlo Park, will be Canteen, the second act from the chef behind popular and nearby restaurant Camper. The casual, all-day restaurant and wine bar from Greg Kuzia-Carmel will serve snacks like crispy chickpea panisse fries dipped in a habanero-tomato sauce, and raw oysters dressed simply with a smoked Meyer lemon and koji mignonette. To drink, there will be Californian and international wines, local beers and nonalcoholic options.

How Are CRE Diversity Promises Holding Up?

• September 9, 2022

This approach ultimately resulted in Presidio Bay’s scholarship program, which launched in 2021 in conjunction with nonprofit Operation Genesis and provides underrepresented youths in California’s Bay Area with opportunities to learn about real estate. The program suggests that increasing diversity in CRE isn’t just about elevating voices at the top; sometimes it’s a matter of opening the door to begin with.

Sand Hill Road reckons with its future

• August 20, 2022

Springline has so far signed five venture capital firms to its tenant roster ,one of which, Menlo Ventures, is shifting its headquarters there after spending over two decades on Sand Hill Road. Sanandaji believes the latter area’s lore has helped it overcome being an “amenities island” without dated, poorly insulated office structures that, among other shortcomings, aren’t in the most transit-friendly location. Presidio Bay’s project serves to “make the decision a relatively easy one for firms that realize there’s a significant advantage to being at Springline versus Sand Hill Road,” he said in April.

The Real Market with Chris Rising – Ep. 78 K. Cyrus Sanandaji

• August 16, 2022

Get to know the story behind Presidio Bay and dive deeper into the market with Presidio Bay’s Founder and Managing Director, Cyrus Sanandaji.

Burmese Superstar grows local empire with Hayes Valley sister concept

• August 15, 2022

Burma Love has another 4,100-square-foot location expected to open this December in Menlo Park's high-end mixed-use project Springline, alongside a new restaurant and market from local Italian heavyweight Che Fico.

Mixed-Use Building Boom

• August 3, 2022

“Springline is a lifestyle and a feeling that we’re evoking amongst all of our employers, employees, visitors, and residential tenants,” says K. Cyrus Sanandaji, CCIM, managing director and founder of Presidio Bay Ventures. The original site was a brownfield that involved a large assemblage of uses including an auto dealership and auto repair. Although the development was in the works for about six years, Presidio Bay Ventures took it over in early 2020 and reimagined the design. “We truly believe that this is the future of sustainable and responsible development in California and beyond, especially as you look at the impact traffic and commutes have on communities and cities,” says Sanandaji.

More CRE Firms Are Putting a Price on Their Climate Exposure

• July 27, 2022

Presidio Bay’s K Cyrus Sanandaji, takes a broad-brush approach, choosing to sidestep more obviously vulnerable markets altogether. “I’m not particularly interedin developing Florida,” Sanandaji said. “Because, if we’re talking about 6 to 9 feet of sea level rise, almost the whole state is gone.”

Presidio Bay pays $34M for SIte of 410,000 SF of San Carlos Life Science

• July 18, 2022

Presidio Bay Ventures has acquired a light industrial complex in San Carlos for $34 million that it intends to redevelop into a 410,000-square-foot life science campus, marking the developer’s largest bet on the sector in the Bay Area.

Presidio Bay Ventures pays $34MM for San Carlos Parcel

• July 18, 2022

It has been a busy year for San Francisco-based Presidio Bay Ventures, and the company just spent $34million to acquire a 4.7-acre site in San Carlos at 642 Quarry Road.

Office Development on Track Across Bay Area

• July 8, 2022

A single office property broke ground in May, in the Belmont-San Carlos submarket. Presidio Bay Ventures started work on a 147,000-square-foot R&D facility at 777 Industrial Road. The developer benefits from a $118 million construction loan from Square Mile Capital Management.

Menlo Park Mixed-Use Complex Adds Two New Tenants

• July 7, 2022

Springline, a transit-oriented community of office space, residences and restaurants on El Camino Real in Menlo Park, CA has announced a pair of new tenants: litigation consulting firm Cornerstone Research and venture and growth equity company Norwest Venture Partners. The property is now 75% leased of the 200,000 square feet of office space.

Walkability as the Ultimate Amenity for Luxury Homebuyers

• June 21, 2022

Fully opening next year, this 6.4-acre connected community has been expressly designed to be a walkable city within a city. Situated next to downtown Menlo Park and a short walk from the Caltrain Station, Springline features hospitality-driven homes, creative offices, destination restaurants and outdoor experiences in the heart of the Peninsula.

Redefining downtowns: How Peninsula cities have completely transformed their civic centers

• June 17, 2022

Recognizing the changing nature of workplace culture due to the pandemic, Presidio Bay has restructured the project for the new era, incorporating more flexible and outdoor work spaces, enhancing HVAC systems to improve indoor air quality and conducting a "top to bottom" revision of the floor plans and architectural elements to allow multi-tenanting in the two commercial buildings, said K. Cyrus Sanandaji, managing director of Presidio Bay Ventures.

Presidio Bay Ventures Signs Two New Tenants To Menlo Park Mixed-Use

• June 15, 2022

The property sits at 1300 and 1302 El Camino Real and 550 Oak Grove Ave. In addition to the retail and office space, it includes 183 apartments, which are in pre-leasing. Other tenants actively leasing the property now include restaurants Burma Love and Che Fico, and the law offices of Kilpatrick Townsend & Stockton LLP.

Springline in Menlo Park secures leases from Norwest Venture Partners and Cornerstone Research

• June 14, 2022

Developer Presidio Bay Ventures announced it has leased 100% of the 29,000 square feet of retail space and 75% of the 200,000 square feet of office at the Springline project near the Menlo Park Caltrain stop.

Construction Topped Out For 99 Ocean Avenue, Balboa Park, San Francisco

• June 7, 2022

The 65-foot structure contains 190,400 square feet, of which 153,800 square feet will be for residential use. 5,970 square feet will be made for a 75-student large Crayon Box preschool, and 26,000 square feet for 75 parking spaces. Unit sizes will vary, with 47 studios, 67 one-bedrooms, 57 two-bedrooms, and 22 three-bedrooms. Ventana will include 48 units of below-market-rate housing, roughly a quarter of all the housing.

9 highly anticipated Bay Area summer, fall restaurant openings

• June 6, 2022

After drawing a loyal following to Menlo Park’s Camper for his seasonal entrees and fresh pasta, chef Greg Kuzia-Carmel (Quince, Cotogna, Per Se), will expand just about a mile away with not one but two culinary concepts at the upcoming Springline project.

Is it Price? Location? Or the “Gem” Amenity?

• June 3, 2022

At the heart of the hip Menlo Park neighborhood, Springline is bringing residents modern luxury through their smart living amenity, the Springline App in partnership with Amenify. Springline’s DNA is focused on using the latest technology to maximize day-to-day efficiency and productivity as well as actively enhance the wellness of residents. Through the Springline App, residents will get sustainability reports which include data like indoor air quality, carbon offsets, and solar generation as well as book hospitality-driven services such as fitness classes, dog walking services, and food delivery.

Project Breaks Ground at 777 Industrial in San Carlos

• May 27, 2022

“Presidio Bay Ventures is excited to break ground on 777 Industrial Road and bring a new wave of innovation to San Carlos,” Cyrus Sanandaji, founder and managing director for Presidio Bay Ventures, said in a press release. “Our team has seen an increased demand for tenant space as life science and R&D innovation in the Bay Area flourishes. 777 is purpose-built and thoughtfully curated to support breakthroughs across multiple industries beyond traditional life sciences.”

Presidio Bay Ventures Breaks Ground on Life Science Development at 777 Industrial Road in San Carlos

• May 25, 2022

“Presidio Bay Ventures is excited to break ground on 777 Industrial Road and bring a new wave of innovation to San Carlos,” said K. Cyrus Sanandaji, Founder and Managing Director for Presidio Bay Ventures. “Our team has seen an increased demand for tenant space as life science and R&D innovation in the Bay Area flourishes. 777 is purpose-built and thoughtfully curated to support breakthroughs across multiple industries beyond traditional life sciences.”

Lauded upscale restaurant Mirame from Beverly Hills joining slate of high profile eateries at Springline in Menlo Park

• May 24, 2022

The glitz and glamor of Beverly Hills’ Mírame, a “contemporary Mexican” restaurant by award-winning chef Joshua Gil, is joining the star-studded lineup of restaurants at Menlo Park’s Springline complex, according to the San Francisco Chronicle.

Buzzy Beverly Hills eatery Mirame is coming to Springline in Menlo Park

• May 24, 2022

Acclaimed Beverly Hills restaurant Mirame is coming to the Springline development in Menlo Park as its latest and last retail tenant. With Mirame, Springline is now 100% leased on the retail side.

Trendy high-end Los Angeles Mexican restaurant Mirame to open second location in Menlo Park

• May 23, 2022

Mirame, the acclaimed two-year-old Mexican restaurant in Beverly Hills from chef Joshua Gil, is readying a second, NorCal location — and it's going to be in the new Springline development in Menlo Park that has also lured SF's Che Fico and Burma Love to open new spots as well, along with Hayes Valley sushi spot Robin.

Acclaimed L.A. chef is bringing a luxe Mexican restaurant to the Bay Area

• May 23, 2022

Mírame in Beverly Hills, which Eater LA critic Bill Esparza called "the most exciting new restaurant" to open in Los Angeles in 2020, will open a second location next year at Springline, a splashy, food-filled development in Menlo Park. Mírame is the final restaurant to move into Springline buildings at 1300 El Camino Real.

Presidio Bay Ventures Launches Real Estate Development Scholarship for Bay Area Youth, Introduces Underrepresented Backgrounds to Career Possibilities

• May 17, 2022

Recognizing the lack of diversity and inclusion within the real estate industry, Presidio Bay fostered this program to proactively create opportunities for access, awareness and inclusion for diverse professional populations into this historically underrepresented field. The true-to-life curriculum is a first- of- its-kind model for underrepresented youth to gain professional experience and join an inspiring community of mentors and employers who are collectively promoting a more diverse and equitable future for the real estate industry.

Presidio Bay Ventures Begins $140MM Development of San Carlos Lab/R&D Project at 777 Industrial Road

• May 12, 2022

Presidio Ventures believes that the San Carlos market for lab and R&D space will continue to strengthen over time. “The area has really no vacancies for lab space with much more tenant demand than there is space to accommodate companies. This is one reason why rents have continued to escalate significantly over the past 12 to 24 months,” said Sanandaji.

Menlo Park: Proper Food’s grab-and-go meals coming to Springline project

• May 2, 2022

Proper Food, a restaurant group that offers chef-driven grab-and-go meals, salads, and sandwiches, will open its first suburban location this fall at Menlo Park's soon-to-open Springline project.

Presidio Bay places $118M spec bet with latest life science development on Peninsula

• April 27, 2022

Presidio Bay not only expects to complete the four-story development at 777 Industrial Road in the fourth quarter of 2023 — it also anticipates having it at least partially leased to one or more tenants before it opens based on the life science sector’s “market dynamics,” Presidio Bay founder K. Cyrus Sanandaji told The Real Deal.

Presidio Bay Ventures Secures $118M for Bay Area Life Science Build

• April 22, 2022

A partnership led by Presidio Bay Ventures has secured $118 million to develop a 150,000-square-foot class-A, R&D and life science lab building in San Carlos, California. Square Mile Capital Management originated the loan with financing arranged by Jeff Wilcox of Gantry.

Square Mile Capital Provides $118M in Development Financing for Life Sciences Development in San Carlos, California

• April 21, 2022

SAN CARLOS, CALIF. — Square Mile Capital Management has originated a $118 million loan to finance the development of 777 Industrial Road, a planned R&D and life sciences lab building in the Bay Area city of San Carlos. The borrower is a partnership managed by Presidio Bay Ventures, which purchased the former car dealership site in 2020.

Square Mile Capital Provides $118 Million Construction Financing for Bay Are Life Science Development

• April 20, 2022

Square Mile Capital Management LLC (“Square Mile Capital”) today announced that it has originated a $118 million loan to finance the development of 777 Industrial, a to-be-built ~150,000 square foot Class A, R&D and life science lab building located in San Carlos, CA.
Square Mile Capital provided the construction financing to a partnership managed by Presidio Bay Ventures, led by K. Cyrus Sanandaji and Kabir Seth, and an institutional joint venture equity partner.

‘Sand Hill Road 2.0’ doubles roster of office tenants

• April 18, 2022

“Our opportunity was to come in and deliver a project that would make the decision a relatively easy one for firms that realize there’s a significant advantage to being at Springline versus Sand Hill Road,” Presidio Bay’s K. Cyrus Sanandaji said. “The firms that are looking at Springline are absolutely the firms that would have otherwise ended up on Sand Hill Road.”

Dying Silicon Valley mall is bought, life sciences conversion beckons

• April 7, 2022

A veteran developer has bought a dying South Bay shopping mall, with plans to convert the big-box retail buildings in the center into spaces to entice life science, biotech and tech companies. Charleston Plaza, located in Mountain View and Palo Alto, has been purchased by Presidio Bay Ventures, according to documents filed on April 1 with the Santa Clara County Recorder’s Office.

Real Estate Deal: Developer creates ‘city within a city’ at Springline

• April 1, 2022

San Francisco developer Presidio Bay Ventures snapped up a San Carlos Honda dealership at 777 Industrial Road with plans to transform the site into a 123,000-square-foot life sciences building. That project was approved in June.

Presidio Bay Ventures Announces 147,000 Square-Foot Life Science Development on 777 Industrial Road in San Carlos

• April 1, 2022

Unanimously approved by the City of San Carlos in June of 2021, this development will serve as the gateway to the Innovation District, a multi-modal neighborhood of integrated existing and new businesses designed to offer a resilient and inclusive future, creating a new R&D and life science hub in the heart of the Peninsula. Envisioned as a departure from traditional life science buildings, 777 Industrial Road will enhance the Peninsula’s growing R&D and life science community. This real estate sector’s tremendous growth across the Bay Area since the COVID-19 pandemic created a timely opportunity for Presidio Bay to bring its innovative design vision, placemaking strategy.

SF developer pays $72M for struggling Silicon Valley shopping center, plans labs

• March 31, 2022

Presidio Bay Ventures, a San Francisco firm developing lab projects in its home city and San Carlos, aims to further capitalize on the Bay Area’s booming life science sector through its purchase of a struggling shopping center in Silicon Valley.

San Francisco Developer Drops $72 Million on Retail Portfolio Purchase

• March 31, 2022

The San Francisco developer behind one of Silicon Valley's most prominent mixed-use projects is expanding its foothold in the tech-concentrated region through a nearly $72 million purchase of a suburban retail center that has struggled to stay afloat throughout the pandemic.

Presidio Bay Closes $72 Mil Bay Area Retail Buy

• March 31, 2022

San Francisco-based Presidio Bay closed on the purchase of Charleston Plaza, a five-building retail center totaling 132.6k sf of space in both Palo Alto and Mountain View, CA. The property, situated on an 11-acre site at 2400 – 2470 Charleston Rd, straddling the Palo Alto and Mountain View border in Silicon Valley, traded for $71.8 mil ($541/sf).

Nuveen Real Estate Sells Charleston Plaza Retail Center in Silicon Valley for $71.8M

• March 31, 2022

PALO ALTO AND MOUNTAIN VIEW, CALIF. — Nuveen Real Estate has completed the disposition of Charleston Plaza, a five-building retail center in Palo Alto and Mountain View. San Francisco-based Presidio Bay acquired the asset for $71.8 million.

Retail Plaza on Peninsula Trades for $72M

• March 31, 2022

Charleston Plaza has 132,590 square feet of restaurants, cafes and boutique shops, in addition to tenants like PetSmart, Starbucks and Chipotle across the Plaza’s 10.98-acre footprint. That acreage straddles to the two Bay Area cities.

Nuveen Real Estate Sells Charleston Plaza Retail Center in Silicon Valley for $71.8 Million

• March 31, 2022

Nuveen Real Estate has completed the disposition of Charleston Plaza, a five-building retail center in Palo Alto and Mountain View. San Francisco-based Presidio Bay acquired the property for $71.8 million. Situated on 10.9 acres at 2400-2470 Charleston Road, Charleston Plaza features 132,590 square feet of retail space. Completed in 2006, the property features four big box retail buildings and one pad site.

Silicon Valley retail center sells for $71.8m

• March 31, 2022

Charleston Plaza is located on a 10.98-acre site at 2400–2470 Charleston Road, straddling the Palo Alto and Mountain View border in Silicon Valley. The property is adjacent to Highway 101 a few miles south of downtown Palo Alto, Menlo Park and Stanford University. In addition, the property is complemented by an extensive amenity base, including restaurants, cafes and boutique shops that provide an urban suburban experience for nearby residents and shoppers at the center.

Mostly Empty Retail Center in Calif.’s Silicon Valley Sells for $71.8M

• March 31, 2022

Presidio Bay has paid $71.8 million, or nearly $542/sf, for Charleston Plaza, a five-building retail center with 132,590 square feet that straddles the Palo Alto and Mountain View border.

Presidio Bay buys Peninsula shopping center Charleston Plaza for more than $70 million

• March 30, 2022

Charleston Plaza, a shopping center straddling the border between Palo Alto and Mountain View, has sold for $71.8 million, according to a news release Wednesday from brokerage firm JLL.

Charleston Plaza in Mountain View Trades for $71.8MM

• March 30, 2022

JLL represented the seller, Nuveen Real Estate, and procured the buyer, San Francisco-based investment and development firm, Presidio Bay. Charleston Plaza is located on a 10.98-acre site at 2400 – 2470 Charleston Rd., straddling the Palo Alto and Mountain View border in Silicon Valley. The property is adjacent to Highway 101 just a few miles south of downtown Palo Alto, Menlo Park and Stanford University.

Menlo Park’s Springline Will Bring Restaurants, Taproom to El Camino Real

• March 29, 2022

The developer, Presidio Bay, hopes to create a new dining hub to appeal to prospective tenants of this project being billed as a Sand Hill Road 2.0 venture capital center. Most of the announced restaurants are San Francisco businesses expanding to Silicon Valley; one, Canteen, is a local product.

Menlo Park’s Springline Will Bring Restaurants, Taproom to El Camino Real

• March 29, 2022

The developer, Presidio Bay, hopes to create a new dining hub to appeal to prospective tenants of this project being billed as a Sand Hill Road 2.0 venture capital center. Most of the announced restaurants are San Francisco businesses expanding to Silicon Valley; one, Canteen, is a local product.

Menlo Park’s Springline Will Bring Restaurants, Taproom to El Camino Real

• March 29, 2022

Now under construction on the Peninsula is Springline, a 6.4-acre, mixed-use project that will bring residences, offices, outdoor space, retail businesses — and lots of restaurants — to Menlo Park.

Changes at local restaurants plus dining experiences to come at Springline

• March 25, 2022

Two new additions are coming to Springline, joining Che Fico, Burma Love, Barebottle, Andytown and Chef Greg’s Canteen Next Door.

Michelin-Worthy Omakase Counter Robin to Open Second Peninsula Outpost

• March 22, 2022

Springline, billed by developer Presidio Bay Ventures as “Sand Hill Road 2.0,” expects to fully open in summer 2022. By recruiting recognizable San Francisco and Bay Area food and beverage businesses to the development, developers hope to create a new dining hub on the Peninsula.

Luxury Residential Buildings with Stunning Pet Amenities

• March 22, 2022

Springline and The Glade will promote meaningful moments of connection with thoughtful dog meet-ups and collaborations with local pet brands.

Developer closes on San Carlos site approved for life sciences incubator

• March 16, 2022

San Francisco developer Presidio Bay Ventures snapped up a San Carlos Honda dealership at 777 Industrial Road with plans to transform the site into a 123,000-square-foot life sciences building. That project was approved in June.

Developer closes on San Carlos site approved for life sciences incubator

• March 16, 2022

San Francisco developer Presidio Bay Ventures snapped up a San Carlos Honda dealership at 777 Industrial Road with plans to transform the site into a 123,000-square-foot life sciences building. That project was approved in June. In the fourth quarter of 2021, San Mateo County led all Bay Area regions in terms of life science leasing with 666,164 square feet of gross absorption, according to a report by real estate service firm Kidder Mathews, which reported a 3.5% vacancy rate and 5.7 million square feet of tenant requirements.

Developer pays $20M for San Carlos site approved for life sciences project

• March 16, 2022

Life sciences are booming in San Carlos. In June, a 123,000-square-foot life sciences building was approved for 777 Industrial Road on the site of a former San Carlos Honda dealership.

Presidio Bay Ventures Adds New Life Sciences Development on Peninsula

• March 14, 2022

“With 777 Industrial Road, we’re proud to partner in planning with the City of San Carlos and showcase our long-term commitment to the broader community,” said K. Cyrus Sanandaji, Founder and Managing Director for Presidio Bay Ventures.

Life Sciences And R&D Center Proposed At 777 Industrial Road In San Carlos

• March 3, 2022

The life sciences and R&D campus will span an area of 147,000 square feet. The campus will be exclusively listed for tenants by Cushman & Wakefield’s Marc Pope and Ben Parl. The development will serve as a gateway to Innovation District, a multi-modal neighborhood that integrates existing and new businesses designed to offer a resilient and inclusive future.

Presidio Bay Ventures Makes Progress on 147,000 SQFT Life Science Development in San Carlos

• March 2, 2022

“With 777 Industrial Road, we’re proud to partner in planning with the City of San Carlos and showcase our long-term commitment to the broader community,” said K. Cyrus Sanandaji, Founder and Managing Director for Presidio Bay Ventures. “Presidio Bay’s 777 Industrial Road is in one of the fastest growing life science submarkets in the country, creating a rare opportunity for tenants with a highly amenitized lab facility and easy access to CalTrain, restaurants and services in the area,” said Marc Pope, Executive Managing Director for Cushman & Wakefield.

Walkability is the Ultimate Luxury Amenity for Homebuyers

• February 12, 2022

When fully open summer 2022, Springline will be a connected community filled with creative offices, modern hospitality-driven residences, destination dining and outdoor experiences all centered on a culture of innovation, exploration and new encounters. Situated in the heart of the Peninsula, Springline was designed to be a walkable city within a city to live, work, think, play, conveniently located adjacent to downtown Menlo Park and steps from the Caltrain Station

Boichik Bagels, Manresa Bread and more head to Bay Area Peninsula

• January 26, 2022

In nearby Menlo Park, a slew of big-name restaurants and cafes are anticipated to open at Springline, a mixed-use development at 1300 El Camino Real, as reported by the San Francisco Chronicle. Among them are San Francisco restaurants Burma Love, Che Fico and Barebottle Brewing Co., which are slated to open throughout 2022

New life science plan in San Carlos

• January 25, 2022

Presidio Bay Ventures, the development firm behind the project, said in its proposal that the campus would bring “a unique opportunity to continue the vision of the East Side Innovation District by bringing additional commercial development opportunities, including life science projects, to north San Carlos.”

Presidio Bay Ventures Signs Several Tenants at Springline in Silicon Valley

• January 24, 2022

Presidio Bay Ventures has secured several tenants at its Menlo Park development Springline, a 6.4-acre project that is scheduled to open later this year. The property features modern office space, restaurants and hotel-style residences.

A big Menlo Park project is finally nearing completion, and its commercial space is now mostly leased

• January 21, 2022

"We continue to gain momentum with award-winning San Francisco dining staples and best-in-class companies at the top of their respective industries who are choosing to call Springline home," Presidio Bay’s Managing Partner Cyrus Sanandaji said in a press release.

SF restaurants Che Fico and Burma Love plan spinoffs in new Menlo Park development

• January 21, 2022

It appears the often-overlooked city of Menlo Park is about to get a new dining destination, and it is sure to attract interest from foodies in Silicon Valley. A new, mixed-use development called Springline, now under construction at 1300 El Camino Real between Valparaiso Avenue and Oak Grove Avenue, has just announced several exciting tenants with San Francisco cred.

Sleepy Menlo Park is getting an influx of Bay Area restaurants like Che Fico and Burma Love

• January 20, 2022

The sprawling Springline development just announced some of its food lineup, with lots of local heavy hitters

Silicon Valley’s Springline Unveils Robust Restaurant Line Up, Impressive Office Tenants, and Hotel-like Residences

• January 20, 2022

6.4 Acre Menlo Park Mixed-Use Development by Presidio Bay Set to Fully Open This Summer as the Bay Area's Sought After Live, Work, Play Destination

Downtown Menlo Park development signs up notable San Francisco eateries as tenants

• January 20, 2022

"Our vision to fully activate this development and solidify a future for downtown Menlo Park centered on sustainability, connectivity, culture and wellbeing has proven to be the right catalyst for our wish list tenants to come on board."

Watch the Super Bowl outdoors at Springline on February 12

• February 10, 2023

Super Bowl watching festivities include music, games, photo booth, food trucks, and more! The viewing takes place on Sunday, February 12, at Springline, 1300 El Camino Real, Menlo Park from 2:30 to 6:30 pm.

Kabir Seth, Chief Operating Officer at Presidio Bay

• September 23, 2021

In this episode, we chat with Kabir Seth about how Presidio Bay is integrating technology throughout their development and operational processes to create efficiencies, better serve tenants and their own staff, and stay ahead of the competition.

Menlo Park on the move: Downtown shakes off empty car lot blues

• September 18, 2021

The project will include two 100,000-square foot office buildings and a residential building with 183 units of 1-, 2- and 3-bedrooms (including 20 units classified as affordable). Retail is located along the ground floors. There is also a two-level underground parking garage.

Transit-oriented developments springing up near Menlo Park’s Caltrain station

• July 30, 2021

A number of new development projects are under construction or approved in Menlo Park. This article highlights Springline as one of the largest upcoming additions to the area.

San Carlos life science development approved

• June 23, 2021

777 Industrial Road, a life science development, was approved for construction in San Carlos’ growing East Side Innovation District, receiving strong praise from the city’s Planning Commission for its design features and preservation of some of the existing building’s infrastructure.

Cyrus Sanandaji, Founder and Managing Director of Presidio Bay Ventures Joins Real Perspective Podcast

• June 9, 2021

Cyrus Sanandaji joins Real Perspectives Podcast to talk about Presidio Bay Ventures' latest project in Menlo Park, Springline.

Cyrus Sanandaji, Founder and Managing Director of Presidio Bay

• June 9, 2021

We speak in depth about Presidio Bay Ventures' latest project in Menlo Park, Springline, which the company took over in 2020 to re-envison its purpose and character.

Bay Area Life Science Build Secures $400M Construction Loan

• May 4, 2021

Other life science hubs in the Bay Area are also attracting new development. A joint venture between Presidio Bay Ventures and Kinship Capital acquired 777 Industrial Rd. with plans to redevelop the property into a 123,000-square-foot class-A life science building located within one of the Bay Area’s fastest growing life science clusters.

Largest Peninsula Construction Projects

• April 16, 2021

Springline named in San Francisco Business Time's 'The List' for the Largest Peninsula Construction Projects.

Bye Forever to the Office. Hello, Drop-In ‘Collaboration Spaces’

• March 19, 2021

The winning office of tomorrow, says K. Cyrus Sanandaji, founder at Presidio Bay Ventures, has “outdoor space, large intercommunicating stairs, modern mechanical equipment with enhanced filtration, touchless access controls.”

San Francisco’s New Launches: Buyers and Developers Are Thinking Bigger

• March 17, 2021

Inspired by the industrial and cultural crossroads of San Francisco’s historic SoMa district, The Quinn’s boutique studios and one-, two- and three-bedroom condos strategically combine architecture and art by incorporating large specially commissioned murals by the artist KFiSH throughout the living spaces.

The First To Get Cut: The Case For Art’s Power In CRE

• March 8, 2021

“When we talk about art being an integral part of the identity of the project and the design of the project in a truly holistic way, that's what we mean,” Sanandaji said. “The art, in this case, informed the whole building identity, the whole building design. And it was reciprocal in that sense. Every project is unique. It's an organic process. It's not something that we try to impose on a project in a clinical way. What makes the integration of art and architecture in our projects unique and interesting is this organic expression that evolves as the design evolves.”

“Home as Art”: San Francisco’s The Quinn Focuses Design Around Unique Relationship Between Art and Architecture

• February 17, 2021

Together, KFiSH and Presidio Bay Ventures, along with RG Architecture, worked carefully on a concept for The Quinn’s design. The resulting scheme, dubbed “Controlled Chaos,” arose from the process KFiSH uses to produce his art.

Two New Tenants Will Call Springline Home

• February 17, 2021

Presidio Bay Ventures has locked in its first two office tenants at Springline, the new 6.4-acre mixed-use development in Menlo Park. These include the sustainable workspace company, CANOPY, which will occupy approximately 20,000 square feet of the property at its southern office building, while Symphony Technology Group (STG), a private equity firm, will be relocating to new offices also at Springline’s South building.

Gantry Arranges $80 Million in Financing for Construction of 193-Unit Ventana Residences in San Francisco’s Mission Terrace Neighborhood

• February 15, 2021

Gantry has secured an $80,000,000 construction loan on behalf of Presidio Bay Ventures for the development of the Ventana Residences in San Francisco. The 193-unit family-centric residential project sits on a 0.93 acre opportunity zone site at 99 Ocean Avenue in the Mission Terrace neighborhood.

Presidio Bay Ventures Secures $80 Mil in Construction Money for San Francisco Res Development

• February 8, 2021

Presidio Bay Ventures has obtained $80 mil in construction money for the development of the Ventana Residences, a 193-unit, family-centric residential project in San Francisco.

A New Building Planned For 130 Townsend Street In South Beach, San Francisco

• February 8, 2021

Development permits were submitted seeking the approval of constructing a five-level office building at 130 Townsend Street in South Beach, San Francisco. The project proposal includes a vertical addition to the existing structure featuring retail space on the ground floor and a new building that will allow for a five-level mixed-use building. The addition proposes 34,120 square feet of office space and 2,353 square feet of retail space on the ground floor. Presidio Bay Ventures is the project sponsor. Stanton Architecture is managing the design concept and construction.

Shovels Hit Ground On $120M Ventana Residences Following Funding Pivot

• February 5, 2021

A new project now under construction is drastically accelerating the pipeline of affordable housing units in San Francisco's Excelsior neighborhood. A joint venture of Presidio Bay Ventures and American Realty Advisors ceremoniously broke ground in January on the Ventana Residences project at 99 Ocean Ave. after shifting gears for funding sources. The project, which will supply the area with 193 rental housing units, 48 of them below-market-rate, is poised to triple the number of affordable units created in the neighborhood over the next decade.

Canopy and Symphony Technology Group First Office Tenants in Menlo Park’s Springline

• February 3, 2021

Presidio Bay Ventures (“Presidio Bay”), a leading California-based commercial real estate investment firm, today announced its first two office tenants at Springline, the new 6.4-acre mixed-use development located in the heart of Menlo Park, Calif. These include the upscale boutique, design-forward, and sustainable workspace company, CANOPY, which will occupy approximately 20,000 square feet of the property at its Southern office building, while Symphony Technology Group (STG), a private equity firm focused on fueling innovative software, data, and analytics market leaders in the mid-market, will be relocating to new offices also at Springline’s South building.

Springline Welcomes Canopy and Symphony Technology Group as First Office Tenants

• February 2, 2021

“From the get-go, we’ve set out to make Springline a destination oasis where work and innovation can be inspired by a unique and distinctly inviting atmosphere. Now, as we welcome CANOPY and STG - two top-tier companies in their respective industries – we’re thrilled to see this placemaking strategy already come to life, particularly as we move towards the post-COVID-19 era,” said K. Cyrus Sanandaji, Managing Director for PresidioBay.

Big downtown Menlo Park project finally signs its first tenants

• February 2, 2021

Seven months after taking over the largest downtown Menlo Park project in a decade, its new developer has done something its previous one couldn't — sign office tenants. Co-working company Canopy and private-equity firm Symphony Technology Group have signed leases at Presidio Bay Ventures' "Springline" development, the developer said Tuesday. Combined, the two Bay Area companies — the mixed-use project's first tenants — have leased about 41,000 square feet over two floors, Presidio Bay said in a statement.

Week in Review: Latch agrees to go SPAC at a $1.56B valuation, merging with real estate giant Tishman Speyer’s TS Innovation Acquisitions Corp

• January 30, 2021

Latch, the makers of a keyless entry system for multifamily buildings, has agreed to reverse merge with Tishman Speyer's TS Innovation Acquisitions Corp.

Presidio Bay Ventures Scores $120M for San Francisco Project

• January 27, 2021

Presidio Bay Ventures has closed on $120 million in construction financing to develop a mixed-income, 193-unit rental community in San Francisco.

Presidio Bay Closes on $120MM in Financing, Breaks Ground on Largest HOME-SF Project in San Francisco

• January 27, 2021

Presidio Bay Ventures, a leading Bay Area commercial real estate development firm, has closed on $120 million in construction financing to develop the Ventana Residences located at 99 Ocean Avenue in San Francisco’s Outer Mission and Excelsior District.

Presidio Bay Ventures secures $120M in financing for S.F. housing development

• January 26, 2021

San Francisco commercial real estate development firm Presidio Bay Ventures is moving forward with construction of a 193-unit housing development in San Francisco's Excelsior District thanks to $120 million in new construction financing.

Presidio Bay Ventures Closes $120M in Union-Backed Financing and Breaks Ground on Largest Home Project in SF

• January 25, 2021

Presidio Bay Ventures, a leading Bay Area commercial real estate development firm, has closed on $120 million in construction financing to develop the Ventana Residences located at 99 Ocean Avenue in San Francisco’s Outer Mission and Excelsior District. The project is a joint venture between Presidio Bay and American Realty Advisors (ARA). TDA Investment Group (TDA) and the AFL-CIO Housing Investment Trust (AFL-CIO HIT) provided the construction financing.

Presidio Bay Statement on Black Lives Matter and Diversity

• June 15, 2020

Presidio Bay has long been active in our community in support of underrepresented and minority groups. From our ongoing partnerships with community organizations, to our commitment to cultural and gender diversity in the workplace, we strive to make a true difference in our community. But, with all that has publicly transpired in the past few months with regard to systemic racism and implicit bias, we can all do better

Inside one of SoMa’s Hottest Office Developments

• July 15, 2015

We stopped by this week's topping off of 85Bluxome, one of the hottest buildings up for lease in SoMa and one of just a handful of trophy projects around town still searching for pre-lease tenants.

Residents Voting on Green Benefit District

• July 15, 2015

On June 12 ballots were sent to property owners in Dogpatch and the northwest corner of Potrero Hill asking them if they’d be willing to pay an annual assessment, the revenues from which would go towards building, improving and maintaining public green spaces in the area. If the measure passes, the state’s first ever Green Benefit District (GBD) will be created.

Life Sciences Sector Revs Up During COVID

• December 29, 2020

A joint venture plans to redevelop 777 Industrial Rd. into a 123,000-square-foot class-A life science building located within one of the Bay Area’s fastest growing life science clusters, San Carlos.

New Life Sciences Campus Planned for California’s Bay Area

• December 29, 2020

Presidio Bay Ventures partnered with Kinship Capital to acquire a piece of property in the Northern California city to redevelop into a space for the life sciences industry.

Presidio Bay, Kinship JV Plans Life Science Conversion in San Carlos

• December 15, 2020

San Francisco-based Presidio Bay Ventures, in a joint venture with Kinship Capital, acquired 777 Industrial Rd. in San Carlos. The JV plans to redevelop the property into a 123,000-square-foot Class A life science building with high quality materials and cutting-edge functionality.

Presidio Bay Ventures and Kinship Capital Joint Venture Acquires 777 Industrial Road in San Carlos

• December 10, 2020

Presidio Bay Ventures, a leading Bay Area commercial real estate development firm, in a joint venture with Kinship Capital, a private real estate investment firm, today announced the November 17, 2020 acquisition of 777 Industrial Road in San Carlos, Calif. Located within one of the BayArea’s fastest growing life science clusters, the joint venture plans to redevelop the property into a 123,000 square foot Class A life science building with high quality materials and cutting-edge functionality

Presidio Bay to remake Peninsula Honda dealership into life sciences building

• December 10, 2020

San Francisco commercial real estate developer Presidio Bay Ventures has snapped up a San Carlos Honda dealership with plans to transform the site into a life sciences building.

Next Iteration of Retail to be on Display at Springline in Menlo Park

• December 9, 2020

CBRE announced today that it has been awarded the listing of the retail component of Springline, a 6.4-acre mixed-use development in Menlo Park, Calif., by Presidio Bay Ventures (Presidio Bay), a leading California-based commercial real estate investment firm.

Tenderloin Development Redesigned, Now Slated for Approval

• December 4, 2020

The refined plans for a 111-unit residential building to rise up to 130-feet in height at 550 O’Farrell Street are slated to be approved by Planning next week.

Presidio Bay Ventures and Springline: A Lesson in Placemaking on the Peninsula

• December 2, 2020

Presidio Bay has since worked to rebrand and reimagine several components of the project in an effort to attract new tenants. A huge component of the rebranding is ensuring vibrancy and activity. The ultimate goal, stated Sanandaji, is to have engagement happening with the development and adjacent CalTrain station throughout the entire course of the day, as opposed to simply business hours. The layering of not just office and retail, but housing and open space at scale, will be utilized to accomplish this end.

Multifamily Developments Bake in Touchless Features

• November 19, 2020

Presidio Bay's The Quinn is set to begin selling in early 2021 from the $800,000s and will include a wide array of special tech-, sustainability- and wellness-driven amenities, along with unique community spaces.

Presidio Bay Plans Menlo Park MXU

• November 18, 2020

Presidio Bay Ventures unveiled plans for Springline, a 6.4-acre mixed-use development in Menlo Park. Plans call for two 100,000-square-foot, state-of-the-art, Class A+ office buildings, 183 residences, exclusive retail and dining options, a dual-level subterranean parking garage, as well as substantial public outdoor space.

Menlo Park’s Springline Reimagined into Two 100,000 SQFT of Office & 183 Residences

• November 18, 2020

Springline—a 6.4-acre mixed-use development located at 1300-1302 El Camino Real and 550 Oak Grove Avenue in Menlo Park, California. With a focus on tenant and visitor hospitality, the property will boast two 100,000 square foot state-of-the-art, Class A+ office buildings, 183 residences, exclusive retail and dining options, a dual-level subterranean parking garage, as well as substantial public outdoor space tailor-made for one-of-a-kind experiences, gatherings, and events for both tenants and the surrounding community.

Introducing Springline: Menlo Park’s New Destination Oasis

• November 17, 2020

“Springline is an entirely new concept for Menlo Park. Through purposeful placemaking and an ear to the ground in the community, we’ve set out to create a destination oasis on the Peninsula—a magnetic city within a city that draws in locals and visitors, creating a sense of renewal and inspiration through urban energy and vibrancy, walkability, and weekend respite,” said K. Cyrus Sanandaji, ManagerDirector for Presidio Bay.

S.F. developer breathes new life into downtown Menlo Park mixed-use project

• November 17, 2020

With Springline — a mixed-use development rising on a 6.4-acre parcel at 1300-1302 El Camino Real and 550 Oak Grove Ave. — Presidio Bay Ventures is looking to create a “city within a city” that will meet residents’ changing needs in light of the Covid-19 pandemic while drawing in outside crowds, according to Cyrus Sanandaji, the developer's managing director.

The future of Bay Area restaurant industry might be food hubs, a worker-driven twist on food halls

• November 4, 2020

With Merkado’s landlord, Presidio Bay Ventures, not charging rent during the pandemic, the three restaurant owners just split the utilities. They’re discussing formalizing their collaboration when the pandemic ends and potentially bringing on other vendors.

Growing Number of Landlords Are Offering Restaurants Percentage-Only Rent

• October 26, 2020

At the other end of the spectrum, some landlords are being quite generous. For instance, San Francisco-based Presidio Bay Ventures, a commercial real estate investor and developer, has let Merkado, a Mexican restaurant and open-air market in San Francisco’s SOMA neighborhood, operate rent-free since March.

Apartment Companies Find Gen Z Willing to Trade Data Privacy for Enhanced Services

• October 1, 2020

As the first generation to grow up with the internet, Gen Z renters tend to live not-so-private lives as they seek out digitally immersive community experiences.

Presidio Bay Ventures Takes Overs Construction of Mixed-Use Development in Menlo Park, California

• September 18, 2020

Located in Menlo Park, Calif., Springline will feature two 100,000-square-foot office buildings, 183 residences, retail and dining space, a dual-level subterranean parking garage, and public outdoor space.

Presidio Bay Ventures Reimagines 220,000 SQFT Menlo Park Project, Takes Over Development

• September 15, 2020

Presidio Bay Ventures announced today that it has taken 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.

Menlo Park project gets overhaul; Presidio Bay Ventures and Newmark Knight Frank brought in as new developer, broker team

• September 15, 2020

Menlo Park's largest downtown project in at least a decade has swapped developers. The development is now being overseen by Presidio Bay Ventures, which has taken over the project from Greenheart Land Co.

Presidio Bay Ventures, Newmark Knight Frank tapped as developer, broker for big Menlo Park project

• September 15, 2020

Menlo Park's largest downtown project in at least a decade has swapped developers.

Presidio Bay Ventures Arrives in Downtown Menlo Park- Takes Over 1300 El Camino Real and Renames Project ‘Springline’

• September 14, 2020

PresidioBay Ventures (“PresidioBay”), a leading California-based commercial real estate investment firm, announced today that it has taken 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 and since then, the firm’s development team has overhauled nearly all aspects of the project, completely reimagining it and creating what will become an ultimate destination within Menlo Park.

New Developer Takes Over 200K-Plus SF Menlo Park Mixed-Use Project Already Underway

• September 14, 2020

A new developer is at the helm of one of the Peninsula's more high-profile transit-oriented mixed-use projects.

SoMa Tequila Lounge Transforms Into a Pay-It-Forward Pop-Up Space for SF’s Only Nigerian Restaurant

• September 9, 2020

Sold to a longtime employee, Tres is now Merkado, a mission-based restaurant that’s the new home for a growing number of pop-ups

Origin Stories: Presidio Bay Ventures Founder and Managing Director Cyrus Sanandaji

• August 18, 2020

This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

Modified plans for 13-story Tenderloin tower move forward with Presidio Bay Ventures at the helm

• August 12, 2020

Modified plans for a 13-story residential tower to replace a two-story parking garage in the heart of the Tenderloin are moving forward. Developer Presidio Bay Ventures is seeking entitlements for the project, 550 O'Farrell St., on behalf of the site’s owner, Prabhas Kejriwal of Sandhill O'Farrell LLC.

Project wins approval at Lucky Penny site with no affordable housing

• April 15, 2020

A 101-unit project on the site of the former Lucky Penny restaurant is moving forward with approval from supervisors.

Restored Facade of DTLA’s Garland Building Revealed

• April 7, 2020

The 11-story building, located at 740 S. Broadway, is being restored by San Francisco-based Presidio Bay and Los Angeles-based 740 South Broadway Associates. Plans call for more than 50,000 square feet of office space on its upper floors, with 3,200 square feet of retail at street level.

California Theater building sold for $21.1 Million

• February 13, 2020

The 93-year old California Theatre building has changed hands again in its long history as it prepares to become a large condominium building. The property sold for $21.1 million, said real estate tracker CoStar.

Kansas Street Asset Benefits from Oracle, Chase Venues

• February 4, 2020

The office fit perfectly with Kinship Capital’s commitment to owning high-quality properties in supply-constrained markets, where additional opportunities exist to enhance value for tenants and the community.

CBRE Arranges the Sale & Financing for 200 Kansas in San Francisco for $77.25MM

• February 4, 2020

CBRE has announced the sale and financing for 200 Kansas Street, a 90,060-sq.-ft. production, distribution and repair (PDR) building located in San Francisco. Mike Taquino, Kyle Kovac, Russell Ingrum, Mandy Lee, and Giancarlo Sangiacomo with CBRE Capital Markets’ Institutional Properties group in San Francisco represented the seller, an entity sponsored by Ascent Real Estate Advisors, the principals of which are Dean Benjamin and John Porges. A joint venture between Presidio Bay Ventures and Kinship Capital purchased the property.

CBRE Arranges Sale of 90,060 SF Production, Distribution, Repair Building in San Francisco

• February 3, 2020

SAN FRANCISCO — CBRE has arranged the sale of 200 Kansas Street, a production, distribution and repair facility located in San Francisco. An entity sponsored by Ascent Real Estate Advisors sold the property to a joint venture between Presidio Bay Ventures and Kinship Capital for an undisclosed price. The two-story, 90,060-square-foot building was fully leased to four tenants at the time of sale.

Presidio Bay Ventures Names Lindsey Fisher as Director of Development

• January 31, 2020

Presidio Bay Ventures (PBV), a leading Bay Area commercial real estate investment and development firm with a portfolio valued at nearly $1 billion, has hired Lindsey Fisher as Director of Development. In this role Fisher will oversee all current and future development activities for the company.

Presidio Bay Ventures Sells Historic California Theatre Property in Downtown San Diego

• January 30, 2020

Presidio Bay Ventures, a leading California-based commercial real estate development firm, together with investor Sloan Capital Partners, is pleased to announce the sale of its property at 1122 4th Ave in Downtown San Diego. Brokerage and advisory firm, Ground Matrix, spearheaded the transaction and sale to Caydon, a leading lifestyle and property developer with a headquarters in Houston.

Presidio Bay Ventures Names Lindsey Fisher As Director of Development

• January 30, 2020

Presidio Bay Ventures (PBV), a leading Bay Area commercial real estate investment and development firm with a portfolio valued at nearly $1 billion, has hired Lindsey Fisher as Director of Development. In this role Fisher will oversee all current and future development activities for the company.

Presidio Bay Ventures and Kinship Capital Joint Venture Acquires 200 Kansas Street in SF

• January 30, 2020

Presidio Bay Ventures, a leading Bay Area commercial real estate development firm, in a joint venture with Kinship Capital, a private real estate investment firm, today announced the acquisition of 200 Kansas Street in San Francisco, CA. Located in the heart of the City’s Design District, the 90,000 square foot building spans a full city block.

Presidio Bay Ventures & Kinship Capital JV Pays ~$77MM to Acquire 200 Kansas in San Francisco

• January 30, 2020

“We strive to work with properties that benefit the communities in which they are located and 200 Kansas is a great example of that,” said Cyrus Sanandaji, Managing Director for Presidio Bay Ventures. “The building has an artistic yet functional design that fits the needs of both the tenants and neighborhood well, and the property is home to a much-needed daycare that will continue to serve this community.”

Project for 100 homes at shuttered Lucky Penny site gets OK from city

• January 24, 2020

The site of the former Lucky Penny restaurant in San Francisco's Inner Richmond neighborhood is one step closer to becoming a 101-unit apartment complex after the project got a key thumbs up from the Planning Commission on Thursday.

Is some housing better than none? SF project wins key OK after arguing for break on city’s demands

• January 23, 2020

A blighted lot once home to the Lucky Penny restaurant cleared a major hurdle Thursday toward a long-awaited transformation into 101 apartments in a neighborhood that has seen little new housing development in recent years.

Refined Plans for Redevelopment of Historic Tres Site

• January 3, 2020

While Planning balked at the proposed approach for securing two separate office allocations for the redevelopment of the historic Central SoMa building at 130 Townsend Street, which is currently home to Tres SF, and the parking lot at 100 Stanford Street which occupies the remainder of the former Inglenook Vineyard warehouse parcel behind, the plans have since been refined and Presidio Bay Ventures is pushing ahead and seeking a streamlined approval of the project.

Home SF was meant to boost housing along transit. But can it fulfill its promise?

• December 3, 2019

Two and a half years ago, San Francisco adopted an aggressive plan to add more housing, including affordable homes, along transit corridors. Under the Home SF program, officials hoped to see 16,000 units completed by 2037.

65 Ocean Avenue Project Gets Green Light

• November 30, 2019

At an October 24 hearing, Planning Commissioners denied an appeal of the approval of a residential project at 65 Ocean Avenue in proximity to the Balboa BART station. Presidio Bay Ventures plans to construct 193 dwelling units on a 0.9-acre site that also includes a 5,942 square foot childcare facility, ground floor commercial, both private and shared open space, and below-grade parking. The residences will be a mix of studios, one, two and three bedroom units with a total of 48 below-market rate units. The planning process involved over three years of community outreach.

S.F. Developer Uses Local Density Bonus for Approval of Excelsior Project

• November 3, 2019

A large project using the new San Francisco density bonus received approval from the Planning Commission late last month, and may break ground by June.

65 Ocean Project Approved by San Francisco Planning Commission

• October 30, 2019

The San Francisco City Planning Commission has voted to approve a mixed-use development at 65 Ocean Avenue in the Excelsior district. With this project, Presidio Bay Ventures, a leading Bay Area commercial real estate investment and development firm, plans to offer 193 new rental homes with a mix of studio, one-, two-, and three-bedroom units to serve the area’s diverse community of families, students, and working professionals.

Despite community pushback, city moves ahead with large residential development in Excelsior

• October 24, 2019

The San Francisco Planning Commission on Thursday advanced a 193-unit residential project at 65 Ocean Ave. despite pressure from community advocates to fully study the impacts of the development on the surrounding neighborhood.

Bigger Plans for Ocean Avenue Development Closer to Reality

• October 19, 2019

The bigger plans for the development would now yield 193 residential units, 48 of which would be offered at below market rates (BMR), with a basement garage for 121 cars and 149 bikes, and a 5,900-square-foot child care facility on the building’s ground floor.

SF housing project chasing federal tax breaks might lose funding if opponents delay it

• September 19, 2019

A plan to build nearly 200 homes on Ocean Avenue in the Excelsior District would be the first San Francisco development to take advantage of the new federal Opportunity Zone program, designed to bring investment to economically distressed neighborhoods.

New Owner Plans to Replace San Francisco Tequila Bar With Office Building

• August 22, 2019

A joint venture between two local commercial real estate firms has acquired the home of a tequila bar and Mexican restaurant in downtown San Francisco, which the firms plan to redevelop into a pair of office buildings. Presidio Bay Ventures and Long Market Property Partners purchased 130 Townsend St. from owner Gregory Melanson for $24 million, or about $2,413 per square foot.

How an airplane chat started this executive’s career as an S.F. real estate boss

• August 2, 2019

From speaking five languages to regularly pulling 12-hour work days, Presidio Bay Ventures' Managing Director Cyrus Sanandaji is living in the fast lane of San Francisco's real estate market.

Presidio Bay Ventures Acquires 130 Townsend Street in SF

• July 18, 2019

“With several other properties in this neighborhood, we know this area well – the property’s close proximity to business, dining, entertainment, fitness and hospitality, in the heart of highly-desirable SoMa makes 130 Townsend ideally located in a community that continues to transform,” said Cyrus Sanandaji, Managing Director for Presidio Bay. “We’re excited to add this historic site to our portfolio.”

Presidio Bay Ventures Sells Oakland Multifamily Development In Record-Breaking Deal

• July 2, 2019

Presidio Bay Ventures has sold a luxury Oakland apartment complex to an undisclosed buyer in the East Bay's largest per-unit multifamily transaction to date. The Amador, a 25-unit building at 4445 Piedmont Ave., went for $19.4M, or $776K per unit, according to CBRE, which represented Presidio Bay Ventures. The transaction closed in May.

The Amador Apartments – 2019 Architecture Merit Award

• July 1, 2019

Located at the far North end of Piedmont Avenue, this project is a modern addition to one of Oakland’s most vibrant neighborhoods, comprised of 25 apartments over ground floor retail. The ethos, form, and material of the building are firmly in the tradition of California Modern design. It is a challenge to execute multi-family projects well, and the jury found that the palette here raises this building to a cut above the rest. The simple design results in a clear identity on the street.

Presidio Bay Ventures Completes Construction on the Mariposa Apartments

• May 26, 2019

“Historic Dogpatch has long been a cultural hub for local artists,” said K. Cyrus Sanandaji, Managing Director for Presidio Bay. “Drawing on that history as our inspiration, we used warm color palettes and design accents that highlight the Bay Area’s unique aesthetic - such as our modern play on San Francisco’s iconic Bay Window.

CleanFund Provides $7.8MM Financing for Energy & Infrastructure Upgrades for the Historic Garland, a Mixed-Use Adaptive Re-use in Downtown Los Angeles

• March 4, 2019

CleanFund, the leading nationwide provider of Commercial Property Assessed Clean Energy (C-PACE) financing, today announced providing $7.8 million for the energy, water and related infrastructure improvements supporting the adaptive re-use of The Garland, an 11-story, 82,000 square-foot downtown Los Angeles mixed-use property in the burgeoning Broadway Theater District that is also home to the Globe Theatre.

Third Street Promenade Building Sold for $24.5M

• March 1, 2019

The Garland, a mixed-use downtown building home to the historic Globe Theatre, has received $7.8 million in financing for energy, water and infrastructure improvements. The money was provided by Sausalito-based CleanFund Commercial PACE Capital Inc.

Balboa High School Educational Seminar

• February 6, 2019

Recently, Presidio Bay Ventures (“PBV”) in a joint effort with the San Francisco Planning Department and UC Berkeley had the opportunity to discuss the San Francisco development process to a group of Balboa High School seniors at 65 Ocean Avenue, one of our upcoming development sites.

Presidio Bay Breaks Ground on 349 8th Street in SF

• January 14, 2019

Presidio Bay Ventures, a leading Bay Area commercial real estate investment and development firm, today announced the official ground-breaking of 349 8th Street, a 38-unit condominium project featuring a stylish mix of studio, one-, two-, and three-bedroom condominiums over ground floor retail. With frontages on both bustling 8th Street and the more peaceful Rodgers Street, along with a boutique split-building design sheltering a private inner court, each residence offers a unique urban experience.

85 Bluxome Street

• October 10, 2018

The first building in San Francisco to receive a USRC rating is 85 Bluxome Street, a new five-story, 57,000 square-foot, Class A office building in the South of Market (SOMA) neighborhood.

Presidio Bay Partners with Amenify in Investment Venture

• September 14, 2018

At Presidio Bay, we strategically participate in early-stage investments with companies that provide products or services for the real estate, design, construction and other industries relevant to our core mission. We are excited to announce our recent involvement as a Seed round investor in Amenify, a SaaS platform that provides amenity services for multifamily buildings and portfolios through establishing partnerships that elevate the overall living experience.

Presidio Bay Partners with Latch in Investment Venture

• March 15, 2018

At Presidio Bay, we make tactical early-stage investments in cutting-edge companies that provide value-add products or services to the real estate industry. We are pleased to announce our partnership with Latch, the creators of the world’s first smart access system, as a Series B investor.

Special Use District Proposed For Geary & Masonic Development

• February 14, 2018

The path forward for a new residential development at the old Lucky Penny site at 2670 Geary Blvd., would be well-defined if the Board of Supervisors approves a new Geary-Masonic Special Use District.

City and County of San Francisco Land Use and Transportation Committee Meeting

• February 5, 2018

The live and recorded public meeting of BOS with the Land Use and Transportation Committee for our 5 Masonic project.

Introduction of Presidio Bay Venture Advisory Services

• January 31, 2018

Presidio Bay announces the introduction of Presidio Bay Venture, which provides Seed, Series A and other preferred security investments in companies that provide products or services to the real estate, government, finance, consumer, workflow/project management, security, design, construction and analytics industries.

Grandi Azzurri Field Trip to 595 Mariposa

• January 11, 2018

Interested in broadening their horizons in architecture and development, we are happy to have welcomed Olive School's Grandi Azzurri preschool class on their field trip to our property at 595 Mariposa. RG Architecture's Riyad Ghannam guided the children through the basics of construction, starting with original blueprints of the site through renderings of the soon-to-be finished building.

Non-Supersized Plans for Lucky Penny Site Slated for Approval

• November 22, 2017

The project team is back to pushing forward with plans for an 8-story building to rise up to 80 feet in height upon the site, with a total of 95 apartments.

Biggish Ocean Avenue Development Closer to Reality

• October 17, 2017

The designs for a 125-unit development to rise up to five stories in height upon the former Crayon Box/Little Bear preschool site at 65 Ocean Avenue, between Cayuga Avenue and Alemany Boulevard, have been newly rendered by rg-architecture and the formal application to move forward with the development has been submitted to Planning.

New life for old city office buildings

• October 17, 2017

In April 2010, Las Cruces government moved its operations out of the old City Government Center on Alameda Street and the old City Hall on Church Street and into the new City Hall, without having a plan for what to do with the old buildings.

Masonic Avenue Streetscape Project

• August 22, 2017

The Masonic Avenue Streetscape Project is an effort to improve safety for people walking, biking, taking transit and driving on Masonic Avenue between Geary Boulevard and Fell Street. It will bring a variety of improvements to the corridor including, wider sidewalks, a new median, new paving, landscaping, raised bikeways, better lighting and upgraded sewer infrastructure.

Housing development for Lucky Penny site in SF grows under new law

• August 18, 2017

Home-SF, the new city law that allows builders to increase height and density in exchange for providing more affordable housing units, is moving from the conceptual to the real.

Building Plans Boosted at Lucky Penny Site

• August 17, 2017

The 24-hour greasy spoon dated back to the 1960s, when it was called Copper Penny Family Coffee Shop, and served many a family who walked over from Kaiser Hospital down the street. But in a city with a crazy building boom, the one-story diner and its generous parking lot were a ticking time bomb, and SoMa Development Partners lit the fuse.

Big Plans for Shuttered Lucky Penny Site Have Been Supersized

• August 17, 2017

As we first reported a few months ago, while the shuttered Lucky Penny site at 2670 Geary Boulevard is only zoned for moderate density and building up to 80 feet in height, the compliant plans for a seven-story building to rise on the site, with 21 apartments over three stories of office space and a subterranean garage for 57 cars, had been kicked to the curb and non-compliant plans for an eight-story building, with 98 residential units over a ground floor retail space and an underground garage for 36 cars, were being drawn.

Even Bigger Plans for the Shuttered Lucky Penny Site

• May 23, 2017

While zoned for building up to 80 feet in height, the shuttered Lucky Penny parcel at 2670 Geary Boulevard is also only zoned for moderate density. And as such, plans for a seven-story building, with 21 apartments over three stories of office space, a new ground floor commercial space and a three-level subterranean garage for 57 cars were first drafted back in 2014 and formally proposed the next year.

Tech CU Provides $8.5 Million Construction Loan for Presidio Bay Ventures to Create a Multifamily Development in San Francisco’s Dogpatch Neighborhood

• May 17, 2017

SAN JOSE, CA--(Marketwired - May 15, 2017) - Tech CU (Technology Credit Union) announced today that it is providing an $8.5 million construction loan for Presidio Bay Ventures, LLC. The loan will fund the development of a 20-unit, multifamily project in San Francisco's Dogpatch neighborhood.

Presidio Bay Ventures Secures $8.5 Million Construction Loan

• May 15, 2017

Presidio Bay Ventures secures $8.5 million construction loan from Technology Credit Union for development of a 20-unit, multifamily project in San Francisco's Dogpatch neighborhood.

Tech CU Provides $8.5 Million Construction Loan for Presidio Bay Ventures to Create a Multifamily Development in San Francisco’s Dogpatch Neighborhood

• May 15, 2017

Tech CU (Technology Credit Union) announced today that it is providing an $8.5 million construction loan for Presidio Bay Ventures, LLC. The loan will fund the development of a 20-unit, multifamily project in San Francisco's Dogpatch neighborhood.

It’s curtains for the California Theatre

• April 12, 2017

While San Diegans often support protecting the structures that connect our region to its past, the city also has a history of giving up too easily on history, of relegating properties many consider ripe for preservation to the scrap heap instead

San Diego has chance for another Downtown renaissance

• April 12, 2017

Today, San Diego has a chance for a third renaissance. Adjacent to the blossoming neighborhoods of Gaslamp and East Village is an area that, despite its apparent potential, has remained underutilized and uninviting for decades.

Historic preservation can revitalize Downtown San Diego

• April 12, 2017

The C Street corridor needs exciting architecture and new development, and Save our Heritage Organisation (SOHO) supports this vision. While we care deeply about the past, it is not a sentimental journey. Rather, it is a quality-of-life issue. Plain and simple, historic preservation revitalizes neighborhoods by spurring economic growth, is more aesthetically interesting than new development and makes for better communities by providing the roots any great city needs as it moves into the future.

California Theatre demolition approved, 40-story tower planned

• April 7, 2017

The California Theatre got an early, grim 90th birthday present Tuesday when the City Council unanimously approved its demolition in favor of a 40-story residential tower. The 2,200-seat theater and its nine-story office tower at Fourth Avenue and C Street closed in 1990 and had been bought and sold numerous times with plans that went nowhere to either restore or redevelopment the property.

San Diego approves replacement plan for California Theatre

• April 7, 2017

A plan to replace the dilapidated California Theatre building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council.

Theatre to make way for 40-story skyscraper

• April 5, 2017

SAN DIEGO — A plan to replace the dilapidated California Theatre building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council.

San Diego Council Unanimously Approves Swapping California Theatre for 40-Story Skyscraper

• April 5, 2017

A plan to replace the dilapidated California Theatre building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council.

City Council Approves Project To Replace California Theatre

• April 4, 2017

A plan to replace the dilapidated California Theatre building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council.

40-Story Skyscraper Will Replace Faded California Theatre Downtown

• April 4, 2017

A plan to replace the dilapidated California Theatre building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council. The fenced-off building on C Street between Third and Fourth avenues has long been a civic eyesore, with the exception of a large, historic mural touting the Agua Caliente racetrack in Tijuana.

San Diego approves replacement for dilapidated California Theatre

• April 4, 2017

A plan to replace the dilapidated California Theater building in downtown San Diego with a 40-story skyscraper was unanimously approved Tuesday by the City Council.

Developers show different ways to approach Oakland plots

• March 1, 2017

Planners and architects work hard in growing cities to try and make things seem like they aren’t. Again and again, the idea is to package long, squat structures so they look like several separate buildings.

U.S. Attorney’s Office to take over former city hall

• January 10, 2017

Substantial renovations are being made to the interior of the building at 200 N. Church St. In about four months, the nearly 50-year old building will house offices for federal prosecutors.

Planet Fitness’ new lease set to backfill former grocery space

• September 12, 2016

Planet Fitness marks the latest in a series of new leases that backfill some of the city's large vacancies as big-box spaces left behind by large retail users are filling up quickly amid San Antonio's limited inventory of retail space.

Broadway’s Globe Theatre will get a facelift and housing

• August 25, 2016

Yes, the historic theatre, which now operates primarily as a night club and swanky event space, will be getting some new upstairs neighbors. Kate Bartolo, who is consulting with the developer on the project, tells Curbed that the building’s 10 upper floors—unoccupied since the 1980s—will be converted into 47 units of live-work housing. The project will also include the addition of two small street-level bars, a rooftop deck, and an amenities lounge within a small penthouse unit that has evidently been a popular spot for taggers over the years. The building’s lobby, long occupied by retailers, will be fixed up and converted back to its original use.

1913 Broadway Building to Become Housing

• August 9, 2016

Plans have been announced to turn yet another Broadway building into housing. This time, it’s the 11-story structure where the Globe Theater fills the ground floor.

Decrepit Downtown Theatre Site Targeted for Renovation Project

• August 4, 2016

For nearly three decades, the landmark California Theatre building in downtown San Diego has been left to deteriorate. Surrounded by chain-link fencing and stripped of its marquee awning, the place has become an eyesore and safety hazard. Now, plans to redevelop the historic site are gaining traction at City Hall.

Downtown Caliente signed threatened once again; petition launched to save it

• July 25, 2016

There is significant downtown interest and support for revitalizing this area of the city and demolishing this blighted site, including the painted wall signs, to build a mixed use/ residential project that would serve as a catalyst for further development along the C Street corridor.

Preservationists Not Done Fighting for California Theatre

• July 11, 2016

Besides safety and financial matters, Sanandaji said his project would be the catalyst for revitalizing the area. “Once investors see that the Overture is making this area of downtown a place to live, work, and play, they won’t be afraid of investing in the area as they are now.”

What’s Next for the California Theater?

• July 8, 2016

Last year a developer revealed its plan to demolish the long-abandoned California Theatre in downtown and transform the block on Fourth Ave and C Street into a 40-story mixed-use community called The Overture, with residences, retail shops, and restaurants.

Public Plaza Pops Up Outside South Park As Renovations Continue

• July 8, 2016

SoMa's South Park has been closed since last November, as its $2.8 million renovation project continues to take shape. But anyone looking for a respite in the area now has a reason to return. A public plaza has popped up this week on Jack London Alley—located just off of South Park Street, adjacent to Caffe Centro.

Dogpatch, Potrero Hill lead by example

• July 6, 2016

About a year ago, property owners in the Dogpatch and northwest Potrero Hill embarked on a bold experiment. They established the United States’ first Green Benefits District, a special assessment area focused on greening and improving public areas. The small sum property owners pay on their taxes for the program is already cleaning up dangerous neighborhood areas and helping advance new, green places for everyone to enjoy.

Historic Resources Board hot for Caliente sign

• June 28, 2016

Sanandaji’s plans include the demolition of the California Theatre and the construction of a new mixed use development called The Overture by 2018. He said it will pay homage to the past by replicating historic external features as well as having a community space where artifacts from the theater's past will be displayed.

Supporters of Historic Caliente Mural Dealt Another Setback

• June 23, 2016

“The development team's intention has always been to seek the guidance of the city's historic staff and the Historic Resources Board throughout the entitlement approval process," said Cyrus Sanandaji of Presidio Bay Ventures. "We are pleased with the decision of the Historic Resources Board and we look forward to continuing the environmental review process to obtain our site development permit.”

Rare Large Balboa Park housing project proposed near BART

• June 14, 2016

“Presidio Bay Ventures is excited about the proposed mixed-use development that will provide much needed housing, neighborhood-serving amenities, retail and parking located at 65 Ocean Avenue," said Cyrus Sanandaji, managing director of Presidio Bay.

Designs for More Density and Shops on Ocean Avenue

• June 14, 2016

Acquired by developers Brian Spiers and Chris Foley in 2007, the preliminary plans for a 105-unit residential building to rise upon the Crayon Box/Little Bear preschool site at 65 Ocean Avenue have been submitted to Planning and Presidio Bay Ventures is now leading the development charge.

35-Story Residential Tower Downtown Approved by Civic San Diego Board

• April 29, 2016

The Civic San Diego Board approved the design and related permits for Beech Street Inc.’s proposed 35-story residential apartment tower to be located on the south side of Beech Street between First and Second Avenues in the Cortez neighborhood. Designed by AVRP Studios, the project will contain approximately 269 units, and 364 parking spaces in three subterranean levels and four above-grade levels.

The Perfect Storm for Downtown SD Office

• April 27, 2016

SAN DIEGO—Millennials and Gen-Xers are among Downtown San Diego’s largest, best-educated and most-affluent demographic groups—and they’re leaving the submarket to go to work, Downtown San Diego Partnership’s Kris Michell tells GlobeSt.com EXCLUSIVELY.

The Perfect Storm For Downtown SD Office

• April 27, 2016

Millennials and Gen-Xers are among Downtown San Diego’s largest, best-educated and most-affluent demographic groups—and they’re leaving the submarket to go to work, Downtown San Diego Partnership’s CEO Kris Michell tells GlobeSt.com.

Fight to keep historic mural from becoming history

• April 26, 2016

Sloan Capital Partners has provided renderings of a future development called Overture, a mixed use development which includes an outdoor event space, retail stores, bars, restaurants and apartments.

$125M Overture Reaches for High Note in San Diego

• April 7, 2016

San Francisco-based Presidio Bay Ventures and Sloan Capital seek city approvals to build Overture, a $125-million, 40-story residential tower in downtown San Diego.

California Theatre: Residential tower proposed

• April 6, 2016

The California Theatre, which turns 89 this month, looks like it won’t make to 90. Sloan Capital and Presidio Bay Ventures are seeking city approval to demolish the nine-story downtown San Diego office tower and movie palace at Fourth Avenue and C Street — the theater has been closed for decades — and replace it with “Overture,” a 40-story, 282-unit residential tower.

Unique SF benefit district sees fruits of its labor

• April 1, 2016

What was once a blighted alley in the Dogpatch neighborhood has been transformed into a public park thanks to a unique approach to creating and preserving public spaces in San Francisco.

Time’s about up for California Theatre

• March 26, 2016

The crumbling and leaky California Theatre building, at 1122 Fourth Avenue (at C St.), built in 1927 at a cost of $340,000, has sat vacant since 1990. SOHO (Save Our Heritage Organization) is fighting to preserve the historic property. But property owner/venture capital firm Sloan Capital Partners, LLC, of Beverly Hills, wants the structure removed to allow construction of a 40-story, 282-unit residential building.

NAIOP Best of the Bay 2015 Commercial Real Estate Awards Winners

• March 14, 2016

Bluxome Street took top honors as Development of the Year. Developer Cyrus Sanandaji of Presidio Bay Ventures made a compelling pitch along with Brokers JD Lumpkin and Dave Young of Cushman and Wakefield. The building is the first ground up office development to receive the Delos WELL Living Standard certification and the fastest to receive Prop M allocation under W. SOMA Plan have received allocation in just 13 months. 100% pre-leased to Collective Health in October, 2015.

NAIOP Best of the Bay 2015 Commercial Real Estate Awards Winners

• February 17, 2016

NAIOP San Francisco Bay Area Chapter hosted its 4th annual Best of the Bay Awards on Wednesday, February 17, 2016 with over 300 members and guests in attendance. The always-entertaining Luis Belmonte served as master of ceremonies for the third year in a row and delighted the crowd with his irreverent humor, even sporting a Donald Trump mask at one point! Of course he also put the infamous NAIOP gong to good use throughout the evening.

The Cambria Gallery – San Francisco is Now Open

• February 9, 2016

Cambria, the first and only family-owned, American-made natural quartz producer in North America, today opened its newest gallery in San Francisco. The 4,300-square-foot Cambria Gallery – San Francisco is located at 1045 Bryant Street, adjacent to the city’s design district in the South of Market Area (SoMa).

A Step Forward for 16 Condos sans Parking

• January 3, 2016

Plans to demolish the single-story office building on the southwest corner of 7th and Bryant, which was built upon the site of a former gas in 1968, and construct a five-story building with sixteen condos, including four double-height units on the ground floor, have been granted an exception from having to complete a lengthy environmental review and are one big step closer to reality.

Dogpatch and Northwest Potrero Hill Green Benefit District

• January 1, 2016

The Dogpatch and Northwest Potrero Hill Green Benefit District formed in July 2015 for a 10 year period. Both the Dogpatch and Northwest Potrero Hill neighborhoods feature a diverse array of historic residences, industrial warehouses, live-work lofts and commercial businesses.

Lucky Penny Diner to Close This Week as New Building Heads In

• December 23, 2015

Lucky Penny, the 24-hour diner at Geary and Masonic, is set to shutter by the end of this week to make way for new housing. The diner's replacement will be a seven-story building designed by RG Architecture with 21 two-to-four (yes, four!) bedroom apartments over three floors. The rest of the space will go to office and retail, and there will be two levels of parking underground.

Lucky Penny closing on Christmas Eve–No more 3 a.m. patty melts

• December 23, 2015

News of the greasy spoon's closure first broke last spring when Hoodline discovered plans for a seven-story mixed-use building for the location at Masonic and Geary.

Lucky Penny’s Replacement, Revealed

• December 22, 2015

Yesterday we wrote that the Lucky Penny diner on Masonic and Geary will be closing before the end of the week. Today, we've got a first look at a conceptual rendering for the seven-story multi-use building that will take its place.

Collective Health to Move From San Mateo to 85 Bluxome in San Francisco; Takes Entire Building

• November 17, 2015

85 Bluxome is a nearly 57,000 square foot, Class A office building that is seen as a rarity in both size and class in the SoMa district.

Year After Launch of WELL Standard, 5 Bay Area Projects Seek Certification

• November 12, 2015

“Sustainability has always been at the forefront of our development principles,” said Cyrus Sanandaji, principal of 85 Bluxome developer Bluxome Partners. “LEED always fell short of providing any direct benefits to the building occupants and, in turn, the tenants and employees. When learning about the WELL standard and extending the benefits of the WELL standard to the residents of the building, it made all the sense on the world to complement what we were already doing with the environment.”

South Park Ground Breaking Ceremony

• November 10, 2015