Presidio Bay Ventures intends to transform the former U.S. Geological Survey property into the Bay Area’s next hot neighborhood.
Ten years ago, one arm of the federal government started raising the rent on another at a Menlo Park office campus. The higher prices led to the departure of the U.S. Geological Survey, which had spent more than 60 years at 345 Middlefield Rd.
When the 17.7-acre property hit the market last year, it was 98% vacant…