GREENHEART BUILDING 195 RESIDENCES NEAR FACEBOOK CAMPUS IN MENLO PARK-FACEBOOK LUXURY APARTMENTS
(This is an article by Nancy Amdur republished from theregeistrysf.com – read the original article HERE.)
Construction on the multifamily project is under way at 777 Hamilton Ave. with completion expected in spring 2016.
Here is a link to more detailed information on the project.
“It’s a unique location because we will be the only [market-rate] apartment community within two miles of the Facebook campus,” said Bob Burke, a principal with the Palo Alto-based development firm.
Greenheart estimates that among Facebook and other nearby businesses there are 9,000 employees within a half-mile of 777 Hamilton. The property also is near Highway 101 and the Dumbarton Bridge.
“We expect most of our residents will be people who work nearby,” Burke said.
The development will sit on 6.5 acres in the city’s Belle Haven neighborhood and offer 117 one-bedroom, 52 two-bedroom and 26 three-bedroom units split among seven three-story buildings, according to the city’s Web site. Units will range in size from 703 square feet to 1,569 square feet. Apartment features include nine-foot ceilings and stainless steel appliances, Burke said. The development also will provide 336 parking spaces.
“The apartments are [mainly] geared toward young workers who are in their 20s or early 30s…which means a lot of amenity area,” Burke said.
Amenities will include outdoor gathering spaces such as a spa, fire pit and kitchen and an indoor lounge, media space, kitchen and fitness facility. A dog park will be on site. Valet waste removal will be available and a concierge service that holds packages for residents to pick up at any time will be offered. High-speed wi-fi for residents will be installed in all common areas. Oakland architecture and planning firm KTGY Group, Inc. is working on the project.
Greenheart assembled 21 parcels controlled by six different owners to form the lot for its project. The site was originally zoned for manufacturing but was designated by the city as a high-density residential area in 2013. 777 Hamilton will have 30 units to an acre.
The company, which comprises Burke and partner Steve Pierce, typically is a long-term holder of its properties. Its portfolio is centered in Palo Alto and Menlo Park.
By Nancy Amdur