Presidio Bay Ventures proposes over 1,000 new homes in Menlo Park

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Presidio Bay Ventures, a San Francisco-based developer, has proposed building more than 1,000 new homes across two sites in Menlo Park, California. One proposal would replace three contested downtown parking lots, while the other targets 17 acres of federal buildings that the developer purchased for $137 million.

Why it matters

The proposed projects represent a significant expansion of residential development in Menlo Park, a city known for its affluent suburbs and tech industry presence. The plans highlight the ongoing tension between housing needs and preserving existing community spaces, as the developer seeks to replace downtown parking lots with new homes.

The details

Presidio Bay Ventures, which previously built a 760,000-square-foot mixed-use project in San Francisco, is now proposing to develop over 1,000 new homes across two sites in Menlo Park. One proposal would replace three contested downtown parking lots, while the other would target 17 acres of federal buildings that the developer purchased for $137 million.

• Presidio Bay Ventures purchased the 17 acres of federal buildings in Menlo Park in 2025.
• The developer has submitted proposals for the two residential projects in Menlo Park in February 2026.

What’s next

The proposed projects will need to go through the city's planning and approval process before any construction can begin.