MENLO PARK — Hundreds of homes have been added to a project to transform the SRI campus in Menlo Park into a new neighborhood, reducing the number of office spaces previously planned.
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is proposing a “major land-use shift toward housing and open space” for the project at 333 Ravenswood Ave. known as Parkline, documents filed with the Menlo Park Planning Department show. A study session was held Sept. 14 to review the proposal.
The SRI campus currently contains 1.38 million square feet of office space. Previous plans would have produced more than 1 million square feet of offices.
“The commercial land area is reduced from approximately 37 acres to 14 acres, while the residential land area increases from approximately 16 acres to 44 acres,” the new proposal states.
Under revised plans from Lane Partners, the new neighborhood would contain 1,082 homes, an increase from the previously approved 800, documents show.
With a range of residential types, plans call for two apartment buildings, each containing 300 units; 122 single-family homes; 98 small-lot single-family homes; 108 townhomes; and 154 below-market-rate affordable units in a 1.6-acre area.
“Menlo Park wanted more housing, a more diverse range of housing types, including for-sale homes, and meaningful retail that could serve both new residents and surrounding neighborhoods,” Lane Partners stated in response to feedback from residents.
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A retail village totaling 40,000 square feet that would create a neighborhood center of shops and dining spots, and an office and research district totaling 900,000 square feet also have been proposed.
The new plan includes more than 26 acres of open space, including 14 acres that would be publicly accessible and more than 6 acres of dedicated parkland.
The revised proposal would bring about the complete exit of SRI, originally known as the Stanford Research Institute and later as SRI International, from the campus the research organization has occupied for 75 years.
“All existing buildings will be demolished to accommodate additional housing units,” the proposal states.
A redevelopment of the SRI campus has been in the works for more than five years, with previous plans retaining SRI’s presence.
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