News

Yahoo's Marissa Mayer buys funeral-home property

Palo Alto parcel had been eyed by city for 21 housing units

Palo Alto's oldest funeral home is closing its doors on Oct. 31, and the property's new owner is Yahoo Chief Executive Officer Marissa Mayer, according to sources at the mortuary, Roller & Hapgood & Tinney.


Yahoo CEO Marissa Mayer. Photo courtesy of Yahoo.
The 1.16-acre site at 980 Middlefield Road, at the corner of Addison Avenue, has been home to the 114-year-old family-owned mortuary since 1951, office manager Melodie Sample said.

The parcel is located a block east of Mayer's Addison Avenue home and across the street from Addison Elementary School.

Sample said she thinks the property will be used for residential purposes. That assessment is bolstered by a June 26, 2012, City of Palo Alto Regional Housing Mandate Committee staff report. The report identified the funeral-home property as a potential site for 21 residences, which would help the city reach a housing goal mandated by the Association of Bay Area Governments (ABAG).

The funeral-home property is currently zoned as Planned Community (PC), which allows for higher-density building in exchange for added public benefits. The funeral home site is surrounded by multi-family residences, including the Webster Wood Apartments for low-income families.

Mayer could not be reached for comment regarding the purchase or her plans for the property.

The deal closed Oct. 7, according to Jim Spangler, president of Mountain View-based Spangler Mortuaries, which purchased Roller & Hapgood & Tinney's business assets. He does not know what Mayer plans to do with the property, he said.

Mayer's current 5,600-square-foot home, on 0.3 acres, was the site of a Democratic fundraising dinner with President Barack Obama in October 2010.

Comments

Posted by Michelle , a resident of another community
on Oct 29, 2013 at 10:45 am

Apparently, Marissa Mayer has yet to see the movie Poltergeist. Before we know it, Facebook and Yahoo will both own Palo Alto and Mountain View properties, making it more difficult for small businesses, as well as buyers and renters. Why not renovate the current standings buildings and help the less fortunate / low income renters. Now, there's an idea. Oh, I forgot, that would take time, commitment and a heart.


Posted by motivator, a resident of another community
on Oct 29, 2013 at 11:05 am

That's one way to get rid of underperforming employees


Posted by vkmo, a resident of Cuesta Park
on Oct 29, 2013 at 2:08 pm

Will Marissa be jumping in the funeral home and yelling Yahoo... Yahoo..??


Posted by AEC, a resident of another community
on Oct 29, 2013 at 2:24 pm

If she has a 5600 sq ft property on .3 of an acre, how much house will be placed on 1+ acres?


Posted by Realist, a resident of Monta Loma
on Oct 29, 2013 at 3:55 pm

She doesn't want to live right next to other people and so doesn't want that new development to come up. Rich people prefer exclusive neighborhoods with other rich people close by. But not too close by. They need their acreage. The view is important.


Posted by News?, a resident of Cuernavaca
on Oct 29, 2013 at 5:12 pm

A mortuary is sold in Palo Alto and that's headline news in Mountain View?


Posted by HumptyDumpty, a resident of Gemello
on Oct 29, 2013 at 5:30 pm

What else is new? I read an article few days back that said Mark zuckerbeg is buying the neighborhood properties so that there won't be any more strangers living in his whole neighborhood block and Marissa is doing the same thing that no one other then can live right next to them. with the kind of money these folks are making, they will own cities/towns in the near future, will have their onwn hand picked people as city council members/mayors, police,etc.. you get the drift...money talks very loudly here. arrogance is the name of the game. ANd don't forget this..Mark and marissa want millions more immigrants in this country but they don't want anyone in their neighborhood.


Posted by tommygee54, a resident of Rex Manor
on Oct 29, 2013 at 9:28 pm

I was at this funeral home about 11 years ago for a memorial service for a bible study member who died way before her time. I guess no one wants to use this funeral home anymore!!!???


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