Our Haute 100 list details the accomplishments of the most influential people in each of our markets—Miami, New York, Los Angeles, and San Francisco. These people continue to make moves, so rather than waiting for the next Haute 100 issue to come out, we thought we’d provide you with regular updates on those Haute 100 members who are making headlines. Today, Arrilaga contributes to help renovate Menlo Park recreation center.
Category: Billionaires
Company: Peery-Arrillaga
Industry: Real Estate
What Made Him Haute: He is one of the biggest real estate power players in the history of Silicon Valley. He and his partner Richard Peery made office space out of farmlands back in the 60s and gave birth to entire cities like Mountain View and Sunnyvale. Today, tech titans at Google have him and Peery to thank for the headquarters (aka Googleplex) that hundreds of staff members so famously call home. In 2006, Peery-Arrillaga sold 119 Silicon Valley buildings for $1.1 billion to RREEF, owned by Deutsche Bank. He is also one of Stanford’s major benefactors.
What Makes Him Haute: At the Parks and Recreation Commissions meeting last week, John Arrillaga announced he would contribute $1.5 million to help renovate Menlo Park Center in the Bay Area. This isn’t the first contribution he has made to a recreation center; he helps the Menlo Park gymnasium in the past. The city will now only spend $1.75 million of its $3.3 million budget, and is planning to make some significant renovations: “We have a pretty extensive renovation coming our way,” says Matheu Oscamou, a senior civil engineer for the city.
The recreation center in question was built in 1962. Since then, no renovations have been made to the building. But now that the city has the budget they are going all out, adding rooms, new floors and light fixtures; reconfiguring classroom space; and improving disability access as well as replacing doors and windows.
About another $1.1 million of the money will come from the bond funds and $660,000 from its general fund capital improvement program reserves.
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