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Springline in Menlo Park nearly leased up by commercial tenants, Wells Fargo joins roster - Silicon Valley Business Journal

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After reducing its office space in San Francisco, Wells Fargo Bank has signed a new lease in Menlo Park.

25,000 square feet of retail space, which is fully leased.

Greenheart Land Co. broke ground on Springline in 2017, but San Francisco-based Presidio Bay took over the project in late 2020 and sought to create a"city within a city" that would meet residents' changing living and working needs."Obviously, there was a huge question or series of questions around what the future would look like, let alone the future of the office," Sanandaji said on Tuesday."We have been really focused on destination placemaking. ...

The transit-oriented development, located steps away from Menlo Park's Caltrain station, is envisioned to serve as a"catalyst and a central focal point for the financial community," said Sanandaji. He added:"Everyone talks about 'live, work, play,' and you can literally do that within the six and a half acres of this campus."

Sanandaji said the project reached a major milestone this year when Presidio Bay Ventures was issued temporary certificates of occupancy. The next and last milestone will be completing the ongoing buildouts of tenants' commercial spaces, which are expected to finish next summer, he said.

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