Forgive David Bohannon for taking a smidge longer than his allotted five minutes at the podium Wednesday during the ceremonial groundbreaking for Menlo Gateway, his company's office and hotel project down the road from the Facebook campus in Menlo Park.

Developers on Wednesday launched a dramatic addition to Menlo Park, one of the hubs of venture capital in Silicon Valley, by beginning construction of a luxury high-rise hotel, three office buildings and a fitness center.

Bohannon Development Company will hold a groundbreaking ceremony next week to mark the launch of Menlo Gateway, a 16-acre mixed-use development in Menlo Park, CA that will transform a dated industrial park into a vibrant urban center.

Developer David Bohannon will disclose tonight (Jan. 25) new details about the hotel, health club and office building planned for the Independence Drive portion of the Menlo Gateway project in Menlo Park, according to a spokesman for the project.