USGS Campus / 345 Middlefield
Presidio Bay Ventures · 345 Middlefield Road
An application is filed and the City is still evaluating it. Nothing is approved yet.
- 670 residential units
- 740,000 sf office / R&D
- 40,000 sf retail
- 26 acres open space
Privately funded by the developer (Presidio Bay Ventures). This is not a City budget item.
- 26.4 acres of publicly accessible open space, trails, and recreation
- 670 housing units
- Recurring property tax and impact fees if approved and built
- Entitlement and environmental-review staff costs
- Long-term General Fund service costs once occupied — no Fiscal Impact Analysis executed yet
under review (as of February 9, 2026)
- Latest City update
- Presidio Bay submits application to redevelop former USGS site (Feb 9, 2026) · February 9, 2026
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.
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.
City news
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.