Business & Real Estate
- Published on Wednesday, 20 March 2013 01:00
- Written by Town Crier Staff Report
Photo By: Photo Town Crier File Photo
Passerelle co-founders, from left, Amanda Tevis and Taylor Robinson have transitioned into advisory roles at the company.
Los Altos-based Passerelle Investment Co. plans a change in direction this year, and with it a shift in leadership roles.
With Passerelle’s focus moving from acquisition and repurposing downtown buildings to more urban planning and community outreach, company co-founders Amanda Tevis and Taylor Robinson are moving into advisory roles. They’ve named Brooke Ray Smith as Passerelle’s new director responsible for ongoing day-to-day activities.
“Passerelle’s upcoming projects this year promise more of the real estate investment company’s signature creative, family-friendly and community-building approach,” Smith told the Town Crier.
In addition to leasing remaining vacancies and sprucing up its property at 242 State St., Passerelle is participating in a number of upcoming downtown events, Smith said. These include partnering with the city of Los Altos and the San Francisco Museum of Modern Art on a four-month exhibition starting in November and rolling out the green again for summer events with the city and the Los Altos Village Association.
“I could not be more delighted that Passerelle is in the capable hands of Brooke Ray, who has been integral to the creative community vision and events that we have worked on over the past three years,” Tevis said. “Taylor and I are here to support her in any way she needs but will also be taking on other projects to continue to pursue our passion for civic renewal and revitalization work in the Bay Area and beyond, and we look forward to launching Brooke Ray in her new and exciting role.”
Smith, who grew up in Mountain View, is jumping into her new role head first: She recently joined the Los Altos Village Association board, enrolled in the Los Altos Community Foundation’s LEAD class and is helping with the Neutra House’s summer design camp planning as well as an upcoming Los Altos History Museum exhibition.
“I am very excited about my new role as director of Passerelle,” Smith said, “and I am dedicated to working collaboratively with the community and city toward the important goal of preserving and enhancing the vitality and charm of downtown Los Altos.”
Since its arrival in 2009, Passerelle has become a major downtown Los Altos property owner, acquiring approximately 80,000 square feet of retail and office space – most of it along State and First streets. The company remodeled and improved properties to attract businesses catering to youth and young families, including a skateboard shop on State Street, an arcade on First Street, a new location for Linden Tree Books and the opening of Bumble cafe, which includes a playroom for children.
Passerelle officials said they approach real estate development from a socioeconomic perspective.
“Our investment analysis weighs financial return as well as social and environmental benefit,” the company’s website states.
Passerelle offices are headquartered at 108 First St. in downtown Los Altos.
For more information, visit www.passerelleinvestments.com.