CHARLOTTE 4601 Park Road, Charlotte, NC 28209 T. 704 372 5616 F. 704 372 9882 CARY 117 Edinburgh S Drive, Cary, NC 27511 T. 919 461 3950 F. 919 461 3939 WINSTON-SALEM 500 W 5th Street, Winston-Salem, NC 27101 T. 336 923 7650 F. 336 777 0624 ATLANTA 47 Perimeter Center East, Atlanta, GA 30346 T. 770 604 3387 F. 770 604 3959 grubbproperties.com
Grubb Properties, LLC
4601 Park Road, Suite 450
Charlotte, NC 28209
October 18, 2023
Jonathan Lait, Director of Planning
Planning and Community Environment Department
250 Hamilton Avenue
Palo Alto, CA 94301
[email protected]
RE: Entitlement Extension Request for 788 San Antonio Road Project
Dear Mr. Lait,
On July 27, 2022, Grubb Properties acquired the property located at 788 San Antonio Road with an existing entitlement in place for that certain 102 -unit housing project that was approved by City Council on 11/16/2020.
Since that acquisition, Grubb made a good faith effort to see that projec t through as entitled and submitted the building permit application that December 2022.
Amid worsening economic conditions in the construction financing sector unfolding across the country, Grubb subsequently made the decision to put the building permit application process on hold in April 2023 and sought to work with your Planning Department to find comprehensive solutions to maintain the economic viability of this housing project.
As that process continues, the entitlement expiration of January 06, 2024 is approaching and we respectfully submit this request for a n 18-month extension to J uly 06, 2025. Approval of t his request allows our respective parties to continue coordination efforts on the feasibility of this housing project at 788 San Antonio Road. We appreciate your prompt consideration of this request.
Sincerely,
Megan Watson
Director, Development
Grubb Properties, LLC
[email protected]
CC: Ted O’Hanlon, Consulting Project Manager