Mission Palo Alto

According to public record, including hundreds of documents on file in San Mateo County court, Taran has spent well in excess of $100 million since September 2006 to acquire 70 parcels, mostly contiguous, in a thin ribbon of land fronting U.S. 101 and a stone's throw from what is arguably the most status-laden community in the South Bay. Yet, all of the properties lie in East Palo Alto, among the region's most humble communities, and they range from modest and aging apartments to some that can only be described as blighted.

The properties also flank University Circle, East Palo Alto's redevelopment centerpiece completed in the last five years that includes a four-star hotel, sparkling fountains and three stunning Class A office towers.

# posted by Mission Palo Alto Webmaster @ 6:04 PM | 0 Comments |  Links to this post