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New Faculty Housing

California Avenue Faculty Homes

September 2013

A new community of homes for Stanford faculty is being planned for 17 acres on California Avenue in Palo Alto, across from Amherst/Dartmouth Streets. This is Stanford University land that is currently part of the Research Park. When the current leases on this land terminate, it will be redeveloped for faculty housing. This project is in the planning stages and the following are facts about this community as we now know them. This webpage is subject to change and will be updated as more information becomes available.

Availability The first homes are currently planned for 2017. Final completion is planned for 2018. These dates are subject to change.
Number & Sizes
Of Residences
180 Total Units

68 Single Family Homes

  • 3BR/2.5BA to 5BR/3BA
  • approximately 1800 sq ft to 2600 sq ft
  • lot sizes range from 2600 sq ft to 7600 sq ft

112 Condominiums

  • served by elevators
  • 2BR/2BA to 3BR/3BA flats
  • approximately 1085 sq ft to 1650 sq ft
  • in two 4-story buildings
Style of Residences
Single Family
Homes
Craftsman, Spanish, European, Prairie, Contemporary
Condominiums Contemporary flats with balconies
Parking Single family homes have 2-car garages, and most will have driveway aprons.

Condominiums will have 2 secured underground parking spaces each.

Approximately 100 on-street guest parking spaces.

Amenities Lap Pool with spa, Outdoor BBQ

Community Building with Dining Room

Central Open Park

Community Fitness Facility

Tot Lot

Municipality City of Palo Alto
Land Owner Stanford University
Schools Palo Alto Unified School District

Specific Schools to be Determined

Lease 51 year restricted Ground Lease
Pricing Prices will reflect the restrictions of the Ground Lease and will be set nearer to completion of construction. There will be HOA fees.
Eligibility Faculty who are members of the Academic Council with a 100% appointment for a minimum term of three years with the possibility of reappointment
Priority #1 Faculty who have never owned a condo or a single family home in the Qualifying Area
Priority #2 Faculty who have never owned a single family home in the Qualifying Area
Priority #3 Faculty who have never owned on the campus
Interest List An interest list will be available in 2016. If demand exceeds the supply of homes a lottery will determine which faculty will have an opportunity to purchase.

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Important Notice
Nothing on this site or in the documents it contains should be construed as an offer or commitment of any kind. Programs and eligibility requirements can be changed or discontinued without notice.


 
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