New Faculty Housing
New Faculty Housing
University Terrace, new community of homes for Stanford faculty is under construction on 17 acres on California Avenue in Palo Alto,
across from Amherst/Dartmouth Streets. This is Stanford University land that was part of the Research Park
and is being redeveloped for faculty housing. This project is in
early construction 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.
The first homes will be available in late 2016.
Final completion is planned for late 2018.
These dates are subject to change.
|Number & Sizes
180 Total Units
68 Single Family Homes
- 3BR/2.5BA to 6BR/4BA
- 1800 sq ft to 2900 sq ft
- Lot sizes range from 2600 sq ft to 7600 sq ft
- Served by elevators
- 2BR/2BA to 4BR/3BA flats
- Approximately 1000 sq ft to 2400 sq ft
- In two 4-story buildings
|Style of Residences
Craftsman, Spanish, European, Prairie, Contemporary
||Contemporary flats with balconies
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.
Lap Pool with spa, Outdoor BBQ
Community Building with Dining Room
Central Open Park
Community Fitness Facility
||City of Palo Alto
Palo Alto Unified School District
Specific Schools to be Determined
||51 year restricted Ground Lease
Prices will reflect the restrictions of the Ground Lease and will be
set nearer to completion of construction. There will be HOA fees.
At this time, priority is planned for:
Faculty, who are members of the Academic Council, who are first time
homebuyers* or who have not owned a detached single-family home within the Qualifying
Limit in the three years prior to receipt of a written offer of employment
An interest list will be available in late 2015. If demand exceeds the supply of homes a
lottery will determine which faculty will have an opportunity to purchase.
A first time homebuyer is someone who has never had an ownership interest in a
residential property located within the Qualifying Limit in the three years
prior to receipt of a written offer of employment from Stanford.
(top of page)
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.