New plans have been published for the redevelopment of the SRI International Campus at 333 Ravenswood Avenue in San Mateo County’s Menlo Park. The 63.22-acre project, named Parkline, will redevelopment the campus of SRI International. Founded as an extension of Stanford University, the research institute is most well-known for developing Siri. Lane Partners is the developer.
A recent site visit by SFYIMBY shows that construction work is almost finished for One Santana West, a new office building in West San Jose. The project will provide a new hub with a capacity for over a thousand employees in a burgeoning mixed-use district. Federal Realty Investment Trust is responsible for the development of Santana West, as well as the busy mixed-use Santana Row plan across the street.
Construction has topped out for One Santana West, the first phase in a thirteen-acre commercial project next to the famed Sarah L. Winchester Mystery House on Central and West San Jose’s border. The development will produce nearly a million square feet of office space, parking, retail, and greenery while retaining a mid-Century theater as part of the mixed-use Santana Row / Valley Fair Urban Village plan. Federal Realty Investment Trust is developing the project.
Singapore’s Ascendas Real Estate Investment Trust, or Ascendas REIT, recently purchased two buildings in San Francisco for $572 million. Alexandria Real Estate Equities (ARE) and TMG Partners are on the other end of the move, parting with their partnered ownership of 505 Brannan Street and 510 Townsend Street in the SoMa neighborhood. This transaction follows the pair’s recent success in selling the 945 Market Street mall to Ikea. The deal marks Ascendas’ introduction to the Bay Area real estate market.