"Menlo Park last week moved forward with plans to convert three downtown parking lots into high-density housing, aiming to add hundreds of affordable units amid soaring housing costs, while preserving public parking for downtown businesses that say they are still struggling to recover from pandemic lockdowns. The city released its official request for proposals Monday, following city council guidance last month."
"Six developers have been invited to submit proposals: Alliant Communities, Eden Housing, MidPen Housing, PATH Ventures, Presidio Bay Ventures, and a joint venture between Related Companies and Alta Housing. Developers have until Dec. 15 to submit proposals and are required to replace all 556 existing public parking spaces, a key concern for project opponents. Officials say the project is intended to boost downtown vibrancy, support local businesses, and provide high-quality, sustainable housing."
Menlo Park moved forward with plans to convert three downtown parking lots into high-density housing, aiming to add hundreds of affordable units while preserving public parking for downtown businesses that say they are still struggling to recover from pandemic lockdowns. The city released an official request for proposals and invited six developers to submit plans by Dec. 15. The plan requires at least 345 units for households earning 15% to 80% of area median income, with single-person income ranges from $19,590 to $104,480. Developers must replace all 556 existing public parking spaces. Sites are within walking and cycling distance of Caltrain and El Camino Real. Proposals will be evaluated on development concept, team experience and financial capacity, community benefits and engagement plan, and the quality of long-term property management, with continued public feedback playing a role in the selection process.
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