The SOBRATOOrganization

The SOBRATO Organization
Commonwealth Corporate Center
Menlo Park, California
Revitalization •
First speculative office campus constructed in the revitalized M‐2 District. •
Adds needed supply in Menlo Park allowing the opportunity for existing companies to stay and grow or attracting new businesses.
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Generates new revenue having a positive net fiscal impact to the General Fund.
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Demonstrates responsible infill development, the project will be LEED Gold Certified.
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Helps improve the M‐2 District by completing traffic mitigation measures.
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Provides additional Community Benefit from the project sponsor. Commonwealth Corporate Center
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Conforms with General Plan, the project is only .45 FAR as compared to Menlo Gateway which is 1.37 FAR. •
Does not require a Development Agreement. •
Replaces 240,000 square feet of obsolete buildings with 260,000 square feet of modern energy efficient Class A space.
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If the building were simply re‐occupied we would have similar traffic impacts. •
The M‐2/M‐3 District is comprised of 500 Acres, and 8 Million Square Feet of Space, Commonwealth Corporate Center represents less than 3% of that area.
The project will be LEED Gold Certified
• LEED is the worldwide basis for green building standards. • There are only 448 Core and Shell LEED Certified Buildings in California of which only 64 are LEED Certified Gold and only 16 are certified under the current most stringent version.
• ASHRAE is the baseline for LEED and other worldwide building standards. The buildings will be 20% more energy efficient than the baseline for other worldwide green building standards.
Sustainable Green Features
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Greyfield Development; Infill Development of Obsolete Buildings
Energy Efficient Building Envelope, Maximizes Day‐Lighting Reflective Heat Resistant Roof
Energy Efficient Heating and Cooling
Water Efficient Plumbing, 40% Reduction of Water Demand Fully Integrated Building Management Systems
Re‐use of 75% of On‐Site Materials
Electric Vehicle Charging Stations
Solar Panel Ready
On‐Site Amenities, Including Cafeteria Native and Drought Tolerant Planting, 50% Reduction of Irrigation Demand
Addition of Over 400 New Trees
50% Shading of Parking Area, Reduces “Heat Island” Effect
3 Acres of Vegetated Area 100% Landscape Based Storm Water Treatment
Bike Amenities, Showers, Lockers and Changing Rooms
Preferential Parking For Carpool and Alternative Fuel Vehicles
Participation In City’s Shuttle Program
Provide Go‐Passes, Subsidized Transit Passes.
M‐2 Planning Area
Our intent is to support businesses and generate revenue for the General Fund; the M‐2 District is the bread basket for Menlo Park. The site is easily accessible from Hwy 101 and Dumbarton, which minimizes crosstown traffic impacts. It is the right area to grow and sustain industry.
Existing Site Plan
Obsolete 50‐year old former bottling plant with very little shading and landscaping. Historically this site has never produced sales and use tax revenue. Existing Conditions
Greyfield Development; redevelopment of obsolete buildings, not useful for today’s businesses. Proposed Site Plan
The project will add over 400 trees that will shade 50% of the parking area and will contain 3 acres of vegetated area utilizing native, drought tolerant planting. 100% of the stormwater will be treated through landscaping. Commonwealth Corporate Center
Modern campus for high‐tech tenants, replacing 240,000 square feet of obsolete industrial buildings with 260,000 square feet of modern Class A space for today’s businesses and technology.
Proposed Elevations
Energy efficient building envelope, high performance “Low E” glass with horizontal and vertical sun shading. Allows for large open floor plans to maximize Day‐Lighting. Design conforms with bird‐safe design guidelines.
Common Area
Large open outdoor common area for collaboration and innovation, design includes area for cafeteria and other on‐site active amenities to help minimize off‐site trips. Project Benefit
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Generates new revenue to the General Fund; projected over $300,000 annually with an annual projected net fiscal impact of almost $140,000.
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Induces approximately $10,000,000 in revenue from the generation of ongoing taxes and one‐time payments, such as Building Permit Fees, BMR In‐lieu Fees, Traffic Mitigation Fees and costs over a 10‐year period. •
Provides $1,000,000 of traffic mitigation measures that benefit the M‐2 District.
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Creates the opportunity to retain and grow existing businesses, or attract new businesses to the City. Additional Community Benefit
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Guarantee $75,000 from Sales and Use Tax per year for a period of 10 years. The last 50 Years the site generated no Sales and Use Tax. •
Contribute $150,000 towards City directed Capital Improvements. •
Obtain LEED Gold Certification as an example of responsible development, which also assists the City in meeting its Climate Action Plan. •
Dedicate a Public Easement to provide a pedestrian connection to a possible future Dumbarton Rail Station or pedestrian trail. •
Share in the cost and replace an existing water main that serves the M‐2 district.
Project Sponsorship
When considering the project before you we ask the City to consider the quality of the project sponsorship. • The Sobrato Organization and Sobrato Family are unique in that they have historically been long‐term holders of the properties they develop.
• Consistent with the family’s lifelong belief in giving back, in 1996 they established their family foundation, and have since donated more than $263 million dollars to the communities through the Sobrato Philanthropies.
• Those philanthropic investments include the ongoing donation of office space at the Sobrato Center for Non‐Profits to organizations that provide services to Menlo Park and significant ongoing contributions to the Boys & Girls Club of the Peninsula, Job Train, Ravenswood Educational Foundation, Ravenswood School District, and Church of the Nativity. The SOBRATO Organization