University buys Redwood City buildings
Stanford completed the purchase of eight buildings in Redwood City's Mid-Point Technology Park on Sept. 29. The site eventually may provide office space for some university administrative functions.
Mid-Point Technology Park is a 1-million-square-foot Class A Office/R&D campus with 13 buildings fronting on Highway 101 in Redwood City. It was developed by TMG Partners, one of the Bay Area's largest mixed-use property developers, which had acquired the 46-acre former Ampex manufacturing and research site in 1995. The buildings Stanford purchased are located just south of the intersection of Woodside Road and Broadway, about 7 miles from the Stanford campus.
Many of the buildings are currently occupied and will not undergo any immediate changes. Instead, Stanford plans to begin working in collaboration with Redwood City leaders and the community to develop a long-term plan to modernize or replace some of the older buildings at Mid-Point for office, research and development uses. The park includes four former Excite@Home buildings, which are under contract to be purchased by Stanford Hospital and Clinics for use as ambulatory care clinics.