Read the full story here Web Link posted Thursday, December 28, 2023, 8:49 AM
https://n2v.paloaltoonline.com/square/print/2023/12/28/council-looks-to-keep-large-commercial-tenants-out-of-homer-avenue-building
Town Square
Council looks to keep large commercial tenants out of Homer Avenue building
Original post made on Dec 28, 2023
Read the full story here Web Link posted Thursday, December 28, 2023, 8:49 AM
Comments
Posted by Crescent Park Mom
a resident of Crescent Park
on Dec 28, 2023 at 10:58 am
Crescent Park Mom is a registered user.
a resident of Crescent Park
on Dec 28, 2023 at 10:58 am
Crescent Park Mom is a registered user.
Since the property has been vacant for sixteen months, I think the council should make a one-time exception. Then, when they vacate, it goes back to the original rules.
Posted by Ocam's Razor
a resident of Leland Manor/Garland Drive
on Dec 28, 2023 at 11:38 am
Ocam's Razor is a registered user.
a resident of Leland Manor/Garland Drive
on Dec 28, 2023 at 11:38 am
Ocam's Razor is a registered user.
A great success for the Palo Alto city council! This building is vacant.
It would have been ideal to convince EY to rent the entire building as they have many customers in Silicon Valley so it would be a long term rental.
Posted by Mondoman
a resident of Green Acres
on Dec 28, 2023 at 1:22 pm
Mondoman is a registered user.
a resident of Green Acres
on Dec 28, 2023 at 1:22 pm
Mondoman is a registered user.
The landlord could always lower the rent a bit if they want to rent it out - it's not complicated or dependent on the Council.
Posted by fred
a resident of University South
on Dec 28, 2023 at 1:59 pm
fred is a registered user.
a resident of University South
on Dec 28, 2023 at 1:59 pm
fred is a registered user.
The vacant space has since been leased, but the tenants are not small startups. The next block on Homer has startups. EY is a large global services firm and is using the space as a training and meeting space.
Posted by anon1234
a resident of College Terrace
on Dec 29, 2023 at 6:22 pm
anon1234 is a registered user.
a resident of College Terrace
on Dec 29, 2023 at 6:22 pm
anon1234 is a registered user.
There are many commercial office vacancies across the city at this time.
Should the city council make exceptions for all of them?
Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Dec 29, 2023 at 7:28 pm
Online Name is a registered user.
a resident of Embarcadero Oaks/Leland
on Dec 29, 2023 at 7:28 pm
Online Name is a registered user.
Other cities also experiencing high office vacancies are looking at converting them to housing.
