St. Anton Partners works with Facebook to Design Major New Apartment Community

MENLO PARK, CA – October 1, 2013 – (RealEstateRama) — St. Anton Partners and Facebook announce a strategic collaboration to build Anton Menlo, a 394-unit multifamily housing community within walking distance of Facebook’s existing Menlo Park headquarters and their new West Campus, which is currently under construction.

Designed by national architecture firm KTGY Group, Inc., the infill redevelopment project is an assemblage of nearly 10 acres of formerly industrial land near Marsh Road off of Highway 101 in Menlo Park, CA. The site recently received its final zoning approval from the Menlo Park City Council and is currently in the design review phase with City staff. Anton Menlo represents the City’s first significant new apartment building in over 20 years.

The $120 million apartment community provides housing in a highly constrained area of the Bay Area Peninsula. Through extensive focus groups, surveys and coordination with Facebook, Anton Menlo was designed with cutting-edge technology features and community amenities catering to today’s sophisticated renters.

13,200 (est.) sq. ft. of resident amenity space and management offices (for residents only), including:

· On-site “grab & go” convenience store

· On-site café

· On-site sports pub

· Bicycle repair shop with on-site storage

· Pet spa with doggy day care, pet walking services, outdoor dog park and run

· Concierge services – dry cleaning and package drop off

· Indoor/outdoor wellness, yoga and training facility with personal training

· Resort-inspired pool, spa and cabana area

· iCafe – new generation community business facility

· Clubhouse with full kitchen and cooking area including outdoor facilities

· Large rooftop entertainment deck with three-themed areas

Anton Menlo Community Details:

· 35 studio residences

· 208 one-bedroom residences

· 139 two-bedroom residences

· 12 three-bedroom residences

“We are thrilled to have new housing options coming to the City of Menlo Park to serve the Silicon Valley and the Marsh Road and Willow Road business areas,” said City of Menlo Park Mayor Peter Ohtaki. “Providing new housing opportunities for employees working in the area will allow people to live where they work and to spend more time enjoying this great city.”

Transit, Bicycle and Pedestrian Improvements:

Through coordination with adjacent property owners and the City of Menlo Park, major transit-oriented development (TOD) improvements are forthcoming to the Haven area (attached). The following are some pending proposals:

· Direct pedestrian and bicycle connectivity from the “Bay Trail” to Anton Menlo

· New and repaired pedestrian sidewalks throughout Haven Avenue with street lighting and lighted crosswalks

· Improved bus stop facilities, including on-site shuttle stops at Anton Menlo

Affordable Housing:

To assist with housing affordability and as part of their Below Market Rate Agreement with Menlo Park, Facebook has funded fifteen low-income units for inclusion at the project. These units will be income restricted for 55 years and are indistinguishable from the market rate units at Anton Menlo.

“We designed a community built on amenities and social settings,” said KTGY’s Keith Labus, AIA, LEED AP and principal. “Anton Menlo has everything the young professional could want to complement their busy lifestyle.”

St. Anton Partners is a leading California multifamily developer. Its co-founders and co-owners, Steve Eggert and Peter Geremia, are actively engaged in all aspects of the project.

Co-Founder Steve Eggert comments, “We’ve enjoyed partnering with Facebook to create new housing in Menlo Park. With the guidance of Facebook and its employees, we have designed a cutting-edge project that meets the needs and tastes of today’s sophisticated renters.”

“At over 630,000 sq. ft., this project is one of the largest new construction rental residential projects in the state. We’re pleased to bring it to where housing is needed most,” noted co-founder Peter Geremia.

Demolition and grading is scheduled to commence in October and construction is anticipated to last 24 months.

About St. Anton Partners
St. Anton Partners is one of the leading privately held multi-family development and investment companies in California. Founded in 1995, St. Anton employs more than 300 individuals, and has an institutional quality portfolio of multifamily residential communities throughout California. As an integrated owner, developer, investor, general contractor and property management company, St. Anton has earned a reputation as one of the most active and creative multifamily developers in the state. See www.antonllc.com

About KTGY Group
Celebrating 21 years, KTGY Group, Inc., Architecture and Planning, is a national award-winning firm providing comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, market trends and financial performance. Serving clients worldwide, KTGY maintains offices in Irvine, Oakland and Santa Monica, Calif., Denver, Colo., and Tysons, Va. See www.KTGY.com