Meta is pumping the brakes on its proposed mixed-use megaproject spanning 1.6M SF in Menlo Park.
The Willow Village project was placed on hold due to changing market conditions and reduced space requirements for prospective tenants, property owner and Meta affiliate Peninsula Innovation Partners said in a statement.
Willow Village was slated to replace the aging Menlo Science and Technology Park. Meta purchased the 21-building campus on 56 acres at 1350-1390 Willow Road from Prologis in 2015. 
Development plans for Willow Village called for up to 1.25M SF of office space, 200K SF of retail and 1,730 multifamily units, 312 of which would have been income- or…