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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.”

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

LISTEN HERE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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."

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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! ”

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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

READ MORE

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.”

READ MORE

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

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

‘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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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."

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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!

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.”

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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."

READ MORE

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.

READ MORE

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.”

READ MORE

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.”

READ MORE

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!

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

LISTEN HERE

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.

READ MORE

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.

READ MORE

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.”

READ MORE

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.”

READ MORE

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.”

READ MORE

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.”

READ MORE

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."

READ MORE

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

READ MORE

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.

LISTEN HERE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

READ MORE

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.

Read More

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.

READ MORE