A project by Laura Melahn, Candidate for Menlo Park District 4 City Council
mixed-use
Approved

Parkline (SRI campus redevelopment)

Lane Partners LLC / SRI International · 201, 301 and 333 Ravenswood Ave; 555 and 565 Middlefield Rd

The City Council has approved the project. Construction may or may not have started.

Project value & public money flows
Project scope
  • 800 residential units
  • 925,000 sf office / R&D
  • 75,000 sf retail
  • Site: 63 acres
Who pays for the project

Privately funded by the developer (Lane Partners LLC / SRI International). This is not a City budget item.

What flows TO the City
  • Up to 800 residential units
  • A below-grade emergency water-storage reservoir and emergency well dedicated to Menlo Park Municipal Water
  • Commercial and retail space
  • Recurring property tax and impact fees once built
What the City is on the hook for
  • Public infrastructure reviews and inspections
  • Long-term General Fund service costs once occupied — quantified in the project Fiscal Impact Analysis
Status

approved (as of September 30, 2025)

Key dates
Development Agreement
Executed September 30, 2025
Agreement term
8 years (initial)
Latest City update
City Council study session May 21 on Parkline project update · May 13, 2024
Follow the money

Where this project shows up in the City's budget

Each item below is a real line in the City's budget data, connected to this project. Where a connection was inferred rather than stated outright, it's flagged so you can judge it for yourself.

The City's budget data does not yet have specific line items tagged to this project. That can change as staff reports, fees, and contracts are recorded. The source documents below are the authoritative record for now.

The paper trail

Source documents

Every document the City has published for this project that we've catalogued. Each link goes straight to the City's own copy.

Staff reports

Parkline applicant presentation (Sep 30, 2025)September 30, 2025
View document ›
Updated Master Plan Project Narrative (Aug 2025)August 1, 2025
View document ›
Parkline staff report (entitlements)
View document ›

City news

City Council study session May 21 on Parkline project updateMay 13, 2024
View document ›

City project page

Parkline project page
View document ›

What this page can't tell you

The City's budget data tells us what's been appropriated, what's been spent, and what infrastructure is planned. It does not tell us:

  • The detailed terms of the Development Agreement — community-benefit contributions, in-kind dedications, ongoing obligations. Read the Development Agreement directly (see the documents above).
  • The projected fiscal impact over the project's lifecycle. Read the Fiscal Impact Analysis directly (if one has been published) — it was prepared before approval and contains the dollar projections.
  • Real-time building-permit issuance or fee collection — contact Community Development.

Have a question this page can't answer? Bring it to the next budget public hearing on June 9, or email city.council@menlopark.gov.