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160 Pacific Avenue, Suite 204, San Francisco CA 94111
media coverage
January 24, 2023
This hot Bay Area development wants to be a dining destination. Its first restaurant opens this week
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.
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January 24, 2023
Chef Greg Kuzia-Carmel’s Canteen opens in the Springline development in Menlo Park
“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.
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December 13, 2022
Life Sciences Real Estate’s Biggest Deals Of 2022
A host of new developments sprouted up in San Carlos, including a $190M deal earlier this year by BentallGreenOak 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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November 23, 2022
Initial Environmental Study Public For 642 Quarry Road, San Carlos, San Mateo County
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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November 18, 2022
Barry’s Bootcamp Pop-up at Springline on November 20
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.
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November 10, 2022
Dessert destinations: New cakes, patisserie and pastry-forward coffee shops abound
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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November 9, 2022
The first restaurant at Menlo Park's Springline development is now open
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
November 7, 2022
This Week's San Francisco Deal Sheet
“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.
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November 5, 2022
With Bay Area housing construction stalled, developers look to squeeze more units into existing projects
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.”
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November 4, 2022
Presidio Bay Launches Multifamily Project in Outer Mission
“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.”
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November 2, 2022
Presidio Bay Ventures Brings to Market Ventana Residences, 193-Unit Residential Property With Affordable Housing Component in San Francisco’s Outer Mission Neighborhood
In addition to considerations taken within the property, Presidio Bay has put great care into ensuring that the project supports District 11 and the surrounding communities with useful and desirable benefits. Having preference for applicants who already live in the neighborhood, Ventana’s affordable units are additionally designated for households earning 55 to 110 percent of the area median income. Prospective residents can learn more about how to apply by attending Presidio Bay’s multilingual workshop series which will be held virtually and in-person this fall in partnership with Meda SF, a local non-profit and housing advocacy group.
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October 27, 2022
Presidio Bay sells out 6-acre urban village in Downtown Menlo Park
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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press archives
announcements
May 17, 2022
Presidio Bay Ventures Launches Real Estate Development Scholarship For Bay Area Youth, Introduces Underrepresented Backgrounds To Career Possibilities
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January 20, 2022
Silicon Valley's Springline Unveils Robust Restaurant Line Up, Impressive Office Tenants, and Hotel-like Residences
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February 2, 2021
Springline Welcomes Canopy and Symphony Technology Group as First Office Tenants
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January 25, 2021
Presidio Bay Ventures Closes $120M In Union-Backed Financing And Breaks Ground On Largest Home-SF Project In San Francisco
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December 10, 2020
Presidio Bay Ventures and Kinship Capital Joint Venture Acquires 777 Industrial Road in San Carlos
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November 17, 2020
Introducing Springline: Menlo Park’s New Destination Oasis
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