SP Menlo, LLC has submitted an application to construct a new eight-story residential apartment building with 105 dwelling units and a community serving retail space. The proposal would include a total of 14 residential units (15 percent) as below market rate (BMR) units, per the requirements of the City’s BMR Ordinance. The site contains an existing one-story office building, approximately 15,000 square feet in size, that would be demolished as part of the project.
As part of the ConnectMenlo General Plan and Zoning Ordinance update, the site was rezoned to R-MU (Residential Mixed Use, Bonus). The proposed project would utilize the bonus levels for density and height in exchange for community amenities, as defined through the ConnectMenlo process. Additional density and height above the maximum bonus level residential density would be achieved through the density bonus provision of the City’s Below Market Rate Housing Ordinance.
City staff is evaluating the project proposal to refine the review process, tentative project schedule, required land use entitlements, and the appropriate level of environmental review. It is anticipated that the following land use entitlements would be applicable to the proposed project:
Below Market Rate (BMR) housing agreement
A notice of preparation and initial study are available in the Related Documents column of this webpage. A draft EIR is under development.
On June 18, 2018, the proposal was reviewed at a Planning Commission study session (staff report). The Commission's feedback on the proposal included a request to explore a lower parking ratio, use the public open space as an opportunity to stimulate pedestrian traffic in the area, and encouraged the applicant to continue working with staff on determining an appropriate community amenity.
An initial study was prepared for the project, and a focused environmental impact report (EIR) is being drafted for topics that require further analysis. The notice of preparation and initial study are available for review online, and the public comment period closed on July 15, 2019. A draft EIR is under development and will be posted to this web page when available.