The new headquarters building also will be a model for green building design and construction, according to Palo Alto Weekly publisher and company president Bill Johnson.
"We have been looking for an opportunity to purchase or build our own headquarters for several years, and this project has enabled us to design a building around our unique needs," said Johnson, who founded the Palo Alto Weekly in 1979.
It will be the first office project in Palo Alto to be certified LEED "silver" - a designation given when a building incorporates numerous environmentally sensitive features. The Weekly headquarters will conserve significant amounts of energy, said Johnson. Construction is expected to be completed by summer 2009.
The building design was approved by the city's Architectural Review Board last June. The facility will cost approximately $5 million to construct, according to Johnson, and house about 50 employees. The project is being managed by local developer Jim Baer, who jointly purchased the land with the Weekly in 2006. Baer's interest will be bought out when construction is complete, Johnson said.
Embarcadero Publishing Co. owns six Bay Area newspapers, including the Danville Weekly and the Pleasanton Weekly in the East Bay; the Palo Alto Weekly, the Almanac in Menlo Park and the Mountain View Voice on the Peninsula; and the Pacific Sun in Marin County; as well as their associated Web sites. The company is owned by mostly local shareholders. The Palo Alto Weekly publishes twice a week, with a circulation of 37,000.