Michelin Guide-Listed Sushi Sensation Robin Opens on the Peninsula With No Menu in Sight
- September 20, 2023
Because of the restaurantās 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 āchimichurriā and black truffle.
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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 MOREPresidio Bay Ventures Opens 6.4-Acre Springline Mixed-Use Development in Menlo Park, California
- September 18, 2023
āWe have delivered a magnetic destination in the heart of Silicon Valley that attracts the Bay areaās best to live, work and play,ā says K. Cyrus Sanandaji, managing principal of Presidio Bay. āOver the past three years, we have created a destination with thoughtfully designed spaces that allow for tenants, residents and the local community to interact.ā
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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 cityās 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.
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Here Are the Bay Areaās 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 Franciscoās 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 ā Menlo Parkās Springline Offers Experiential Community Events
- September 6, 2023
āThanks 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,ā says Managing Principal K. Cyrus Sanandaji. āOver the past three years, we have created a destination with thoughtfully designed spaces that allow for tenants, residents, and the local community to interact.ā
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Menloās Park Fall 2023 āCraft Cocktail Fairā (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:
Cļ»æhe Fico; Bļ»æurma Love; Aļ»ændytown; Cļ»æanteen Wine Bar; Bļ»æarebottle
Spotted: Pretty ā and tasty ā 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 āPapas Bravasā potatoes. But the biggest hit was the grilled octopus āa la Gallegaā ā 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: āWe believe in San Franciscoā
- August 31, 2023
āWe 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,ā Connor Kidd, CEO of the Swig Co., said in a statement. āThe Swig Co. believes in building strong and lasting partnerships and we believe in San Francisco.ā
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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.
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10 eagerly anticipated Bay Area restaurants for summer/fall 2023
- August 21, 2023
Chef David Nayfeldās Che Fico is one of the key pieces of the retail-culinary lineup for Springline, the massive mixed-use project thatās springing up along El Camino Real and bound to become a top dining destination.
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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 āthe most empty downtown in America.ā
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
āThey made decisions across the board to try this remote work,ā said Sanandaji, āand now three years into this experiment, I think weāre hearing from all the major employers, all the major trend setters in that space ā both from the operatorās side but also on the investment side ā that itās not working.ā
The idea, for him, isnāt 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 theyāre in should have spaces that invite them to stay. And, at night, they should be destinations for everyone else to enjoy.
āThe recovery is absolutely startingā: 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.
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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 Mondayās 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 ā two six-story office buildings and one nine-story parking garage ā 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.
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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."
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Downtown SF office building sells for 66% less than assessed value
- August 10, 2023
āWe 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,ā K. Cyrus Sanandaji, founder and managing principal of Presidio Bay, said in a statement. āThough 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.ā
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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.
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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. āIn the pipelineā 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.
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A rare vegan bakery and more new Peninsula and South Bay restaurants
- August 4, 2023
Burma Love, the sister restaurant of San Franciscoās 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 Loveās 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.
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This city is building a place for people to āemotionally experienceā S.F. So far, itās a hit
- August 3, 2023
In an email, Cyrus Sanandaji, managing principal at the company, emphasized the importance of cultural authenticity to the project.
āSilicon Valleyās vibrant tech-driven ecosystem has always been a magnet for global talent and forward-thinkers,ā he wrote. āYet, 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.ā
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 Barebottleās 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 ā all made by Barebottle ā 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.
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Presidio Bay Summer Program Aims to Aid Real Estateās Next Generation
- August 1, 2023
This community-centric approach distinguishes Presidio Bayās 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 ā and provide industry access to students from underrepresented, underserved and marginalized communities. Itās 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.
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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 worldās 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.
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San Franciscoās Burma Love makes its debut at Menlo Parkās Springline development
- July 26, 2023
Menlo Parkās 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 Loveās third Bay Area location and first restaurant on the Peninsula.
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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 Franciscoās biggest apartment complex to open in 2023 and the largest project built using the cityās innovative HOME-SF affordable housing initiative.
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Burma Love and Barebottle are open at Springline in Menlo Park
- July 21, 2023
An extension of Burma Loveās 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 ā of course ā 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. Itās the latest round of openings for the complex, which will have as many as 11 different restaurants and cafes open by fall.
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Spotted: Lamb sausage among the newer options at Canteen
- July 7, 2023
Since Chef Greg Kuzia-Carmel of Camper fame opened Canteen in Menlo Parkās 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 Gambrelās 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.
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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
Springlineās 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 Franciscoās 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 Springlineās 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!
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12 new Bay Area restaurants we canāt 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.
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Retail-to-Life Science Conversions: How to Successfully Reposition Your Asset
- June 14, 2023
āYouāre 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,ā says Sanandaji. āItās inevitable that youāre going to need to reimagine what those shopping centers and those big-box stores look like.ā
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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 Koreaās 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.
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How one S.F. developer overcame the pandemic to go big in an unlikely neighborhood
- May 23, 2023
āBetween March and December of 2020, all the headlines were, āSan Francisco is collapsing. Everyone is leaving. Rents are dropping 20%,ā he said. āIn that economy, we still had full faith in San Franciscoās ability to rebound. We are totally dedicated to solving the housing situation in the city.ā
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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.
āWe believed it was a great location for making high quality food more accessible to both Menlo Park and the Stanford community,ā 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.
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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.
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Menlo Park: Proper Food brings its chef-designed takeout meals to new Springline complex
- May 1, 2023
Proper Food has finally brought its āfresh take on takeawayā concept to the Peninsula, not far from the Stanford campus where the companyās 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.
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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 brandās sustainable mission in addition to offering a discount to residents.
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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."
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Locale Hospitality Expands into California with the Opening of Locale Menlo Park at Springline
- March 10, 2023
āSpringline 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,ā said Kabir Seth, Principal at Presidio Bay. āThrough 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.ā
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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!
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Canteen is first restaurant to open in Menlo Parkās 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 Franciscoās Andytown Coffee Roasters and others.
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This hot Bay Area development wants to be a dining destination. Its first restaurant opens this week
- January 24, 2023
Itās 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, theyāll be stamped on a miniature, colorful surf fin. Rather than a full-service restaurant, the idea is āsomething a little bit more irreverent, fun and informal,ā Kuzia-Carmel said.
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Chef Greg Kuzia-Carmelās Canteen opens in the Springline development in Menlo Park
- January 24, 2023
āMy 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,ā said Chef Greg.
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Life Sciences Real Estateās 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.
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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.
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Barryās Bootcamp Pop-up at Springline on November 20
- November 18, 2022
Springline is hosting an outdoor Barryās 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.
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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.
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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.
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This Week’s San Francisco Deal Sheet
- November 7, 2022
āWe are proud to develop a project of this scale that is also addressing the cityās housing shortage. Thanks to the Cityās HOME-SF program, we were able to triple the number of new affordable units created in District 11 since 2009,ā Presidio Bay Ventures founder and Managing Principal K. Cyrus Sanandaji said in a press release.
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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 āthe math workedā at the price they were willing to pay, the investor they were working with decided to pass ādue to San Franciscoās inefficiencies.ā
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Presidio Bay Launches Multifamily Project in Outer Mission
- November 4, 2022
āWe are proud to develop a project of this scale that is also addressing the cityās housing shortage,ā said Presidio Bayās K. Cyrus Sanandaji. āWe 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.ā
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Presidio Bay Ventures Brings to Market Ventana Residences, 193-Unit Residential Property With Affordable Housing Component in San Franciscoās Outer Mission Neighborhood
- November 2, 2022
āWe are proud to develop a project of this scale that is also addressing the cityās housing shortage. Thanks to the Cityās HOME-SF program, we were able to triple the number of new affordable units created in District 11 since 2009,ā said K. Cyrus Sanandaji, Founder and Managing Principal, Presidio Bay Ventures. āAt 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.ā
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Presidio Bay Ventures Talks With YIMBY About Ventana Residences In San Francisco
- October 31, 2022
"Itās a really unique offering from an apartment standpoint in San Francisco, in that itās 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 weāve 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 wouldnāt 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
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This new Silicon Valley development is fully leased, as other offices go vacant. Hereās why itās 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.
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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.
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Exploring Redevelopment Opportunities Within Life Sciences
- October 21, 2022
Sanandaji believes that certain submarkets such as San Carlos and Redwood City in Californiaātwo up-and-coming life sciences hubsāwill perform exceptionally well given their walkability, amenity-rich surroundings and transit-oriented locations. āLocating 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,ā 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 ā one of their former clients was WeLive, Adam Neumann's failed co-living extension of WeWork.
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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 werenāt 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 ā well before āproptechā existed ā and ended up getting us involved in venture investing.
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Survey: SF has largest share of people eager to move
- October 13, 2022
Presidio Bay Ventures founder K. Cyrus Sanandaji said the cityās social contract is broken ā and took issue with San Franciscoās inability to rein in crime and homelessness.
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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.
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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 āPeninsula Lab Collectionā from Alexandria Real Estate for a combined total of $388 million.
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Birdās 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.
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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.
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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. āWe 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,ā Jenkins said at a recent press conference. Iām 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
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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.
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How Are CRE Diversity Promises Holding Up?
- September 9, 2022
This approach ultimately resulted in Presidio Bayās scholarship program, which launched in 2021 in conjunction with nonprofit Operation Genesis and provides underrepresented youths in Californiaās Bay Area with opportunities to learn about real estate. The program suggests that increasing diversity in CRE isnāt just about elevating voices at the top; sometimes itās a matter of opening the door to begin with.
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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 areaās lore has helped it overcome being an āamenities islandā without dated, poorly insulated office structures that, among other shortcomings, arenāt in the most transit-friendly location. Presidio Bayās project serves to āmake the decision a relatively easy one for firms that realize thereās a significant advantage to being at Springline versus Sand Hill Road,ā he said in April.
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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.
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Mixed-Use Building Boom
- August 3, 2022
āSpringline is a lifestyle and a feeling that weāre evoking amongst all of our employers, employees, visitors, and residential tenants,ā 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. āWe 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,ā says Sanandaji.
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More CRE Firms Are Putting a Price on Their Climate Exposure
- July 27, 2022
Presidio Bayās K Cyrus Sanandaji, takes a broad-brush approach, choosing to sidestep more obviously vulnerable markets altogether. āIām not particularly interedin developing Florida,ā Sanandaji said. āBecause, if weāre talking about 6 to 9 feet of sea level rise, almost the whole state is gone.ā
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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 developerās largest bet on the sector in the Bay Area.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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9 highly anticipated Bay Area summer, fall restaurant openings
- June 6, 2022
After drawing a loyal following to Menlo Parkās 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.
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Is it Price? Location? Or the āGemā 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. Springlineās 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.
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Project Breaks Ground at 777 Industrial in San Carlos
- May 27, 2022
āPresidio Bay Ventures is excited to break ground on 777 Industrial Road and bring a new wave of innovation to San Carlos,ā Cyrus Sanandaji, founder and managing director for Presidio Bay Ventures, said in a press release. āOur 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.ā
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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 Hillsā MĆrame, a ācontemporary Mexicanā restaurant by award-winning chef Joshua Gil, is joining the star-studded lineup of restaurants at Menlo Parkās Springline complex, according to the San Francisco Chronicle.
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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.
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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 ā 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.
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Acclaimed L.A. chef is bringing a luxe Mexican restaurant to the Bay Area
- May 23, 2022
MĆrame 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. MĆrame is the final restaurant to move into Springline buildings at 1300 El Camino Real.
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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. āThe 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,ā said Sanandaji.
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Menlo Park: Proper Foodās 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.
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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 ā it also anticipates having it at least partially leased to one or more tenants before it opens based on the life science sectorās āmarket dynamics,ā Presidio Bay founder K. Cyrus Sanandaji told The Real Deal.
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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.
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Square Mile Capital Provides $118M in Development Financing for Life Sciences Development in San Carlos, California
- April 21, 2022
SAN CARLOS, CALIF. ā 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.
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āSand Hill Road 2.0ā doubles roster of office tenants
- April 18, 2022
āOur opportunity was to come in and deliver a project that would make the decision a relatively easy one for firms that realize thereās a significant advantage to being at Springline versus Sand Hill Road,ā Presidio Bayās K. Cyrus Sanandaji said. āThe firms that are looking at Springline are absolutely the firms that would have otherwise ended up on Sand Hill Road.ā
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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 Recorderās Office.
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Real Estate Deal: Developer creates ācity within a cityā 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.
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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 Areaās booming life science sector through its purchase of a struggling shopping center in Silicon Valley.
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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.
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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 ā 2470 Charleston Rd, straddling the Palo Alto and Mountain View border in Silicon Valley, traded for $71.8 mil ($541/sf).
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Nuveen Real Estate Sells Charleston Plaza Retail Center in Silicon Valley for $71.8M
- March 31, 2022
PALO ALTO AND MOUNTAIN VIEW, CALIF. ā 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.
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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 Plazaās 10.98-acre footprint. That acreage straddles to the two Bay Area cities.
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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.
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Silicon Valley retail center sells for $71.8m
- March 31, 2022
Charleston Plaza is located on a 10.98-acre site at 2400ā2470 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.
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Mostly Empty Retail Center in Calif.ās 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.
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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.
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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 ā 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.
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Menlo Parkās 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.
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Menlo Parkās 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.
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Menlo Parkās 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 ā and lots of restaurants ā to Menlo Park.
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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 Gregās Canteen Next Door.
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Michelin-Worthy Omakase Counter Robin to Open Second Peninsula Outpost
- March 22, 2022
Springline, billed by developer Presidio Bay Ventures as āSand Hill Road 2.0,ā 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.
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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.
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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.
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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.
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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.
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Presidio Bay Ventures Adds New Life Sciences Development on Peninsula
- March 14, 2022
āWith 777 Industrial Road, weāre proud to partner in planning with the City of San Carlos and showcase our long-term commitment to the broader community,ā said K. Cyrus Sanandaji, Founder and Managing Director for Presidio Bay Ventures.
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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 & Wakefieldās 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.
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Presidio Bay Ventures Makes Progress on 147,000 SQFT Life Science Development in San Carlos
- March 2, 2022
āWith 777 Industrial Road, weāre proud to partner in planning with the City of San Carlos and showcase our long-term commitment to the broader community,ā said K. Cyrus Sanandaji, Founder and Managing Director for Presidio Bay Ventures. āPresidio Bayās 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,ā said Marc Pope, Executive Managing Director for Cushman & Wakefield.
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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
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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
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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 āa 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.ā
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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.
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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 Bayās Managing Partner Cyrus Sanandaji said in a press release.
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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.
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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
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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
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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."
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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.
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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.
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San Carlos life science development approved
- June 23, 2021
777 Industrial Road, a life science development, was approved for construction in San Carlosā growing East Side Innovation District, receiving strong praise from the cityās Planning Commission for its design features and preservation of some of the existing buildingās infrastructure.
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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.
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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 Areaās fastest growing life science clusters.
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Largest Peninsula Construction Projects
- April 16, 2021
Springline named in San Francisco Business Time's 'The List' for the Largest Peninsula Construction Projects.
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Bye Forever to the Office. Hello, Drop-In āCollaboration Spacesā
- March 19, 2021
The winning office of tomorrow, says K. Cyrus Sanandaji, founder at Presidio Bay Ventures, has āoutdoor space, large intercommunicating stairs, modern mechanical equipment with enhanced filtration, touchless access controls.ā
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San Franciscoās New Launches: Buyers and Developers Are Thinking Bigger
- March 17, 2021
Inspired by the industrial and cultural crossroads of San Franciscoās historic SoMa district, The Quinnās 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.
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The First To Get Cut: The Case For Artās Power In CRE
- March 8, 2021
āWhen 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,ā Sanandaji said. āThe 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.ā
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āHome as Artā: San Franciscoās 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 Quinnās design. The resulting scheme, dubbed āControlled Chaos,ā arose from the process KFiSH uses to produce his art.
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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 Springlineās South building.
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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.
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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.
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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.
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