2400 – 2470 Charleston Road, Mountain View, CA Charleston Plaza is located on a 10.98-acre site at 2400 – 2470 Charleston Rd., straddling the Palo Alto and Mountain View border in Silicon Valley. The property is adjacent to Highway 101 just a few miles south of downtown Palo Alto, Menlo Park and Stanford University. Currently, Charleston Plaza consists of four big box retail buildings and one pad site. Key tenants include PetSmart, Starbucks and Chipotle, yet the center currently has an availability rate of approximately 75%. Presidio Bay Ventures is pursuing a two-phased development – Phase I will preserve the current tenants and redevelop the vacant buildings into laboratory/R&D uses, while Phase II will consist of a master-plan entitlement of the entire site into a mixed-use campus development consisting of laboratory/R&D, office and retail uses.