Ground-Up Multifamily Development
- Joint-Venture formed with the Mollie Stone’s Market family that owns property in November 2023.
- The property is currently a Mollie Stone’s Market grocery store and associated surface parking lot on two parcels along California Ave and Park Boulevard.
- Planning underway for a new Class A mixed use redevelopment with new state of the art Mollie Stones grocery store, two residential towers above and associated adjacent ground floor retail and parking. Project will be market rate residential project with 20% affordable units included within.
- Property located along California Ave retail corridor in Palo Alto that has been closed to car traffic since beginning of Covid providing popular outdoor dinning experiences and Palo Alto farmers market. Additionally, the site benefits being directly adjacent to the California Ave Caltrain stop.