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Home >
New Faculty Housing
Experience a New Kind Of
Community at University Terrace
Built for Stanford faculty on the edge of Stanford's Research Park, this new development will offer 17 acres of
residential housing and parks just blocks away from campus. With easy access to both green space and the
restaurants and shops on California Avenue, University Terrace is a thoughtfully designed neighborhood
featuring comfort, connection and convenience.
This webpage is subject to change and will be updated as more information becomes available.
| Availability |
The first homes will be available in early 2017.
Final completion is planned for late 2018.
These dates are subject to change.
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Number & Sizes
Of Residences |
180 Total Units
68 Single Family Homes
- 58 detached homes
- 3BR/2.5BA to 5BR/4BA
- 1,800 sq. ft. to 2,900 sq. ft.
- Lot sizes range from 2,600 sq. ft. to 7,600 sq. ft.
- 10 attached homes
- 3BR/2.5BA
- 1,900 sq. ft. to 2,200 sq. ft.
- Lot sizes range from 2,600 sq. ft. to 7,600 sq. ft.
112 Condominiums
- Served by elevators
- 2BR/2BA to 4BR/3BA flats
- Approximately 1,000 sq. ft. to 2,400 sq. ft.
- In two 4-story buildings
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| Style of Residences |
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Single Family
Homes |
Craftsman, Spanish, European, Prairie, Contemporary
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| 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.
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| Amenities |
Lap Pool with spa, Outdoor BBQ,
Community Building with Dining Room,
Central Open Park,
Community Fitness Facility, and
Tot Lot
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| Municipality |
City of Palo Alto |
| Land Owner |
Stanford University |
| Schools |
Palo Alto Unified School District
Specific Schools to be Determined
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| 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.
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| Eligibility |
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
Area in the three years prior to receipt of a written offer of employment
from Stanford.
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| Interest List |
An interest list will be available in early 2016. If demand exceeds the supply of homes a
lottery will determine which faculty will have an opportunity to purchase.
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*
A first time homebuyer is someone who has never had an ownership interest in a
residential property located within the Qualifying Area in the three years
prior to receipt of a written offer of employment from Stanford.
(top of page)
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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