FACULTY STAFF HOUSING DEVELOPMENT

 


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.
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
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, and
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 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.
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.

* 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.



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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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