Affordable Housing Community Opens in Stanford Research Parkby SRP on June 29, 2017
Stanford University and the City of Palo Alto celebrated the opening of Mayfield Place along El Camino Real. The recently completed project provides affordable homes to eligible community members and retains locally owned services that benefit the broader community. The project embodies Stanford’s long-term vision for the Stanford Research Park to continue to modernize and evolve as a vital job center with housing and services.
Located at 2500 El Camino Real, on a 1.8-acre site in the Stanford Research Park, the 70-unit property offers apartment homes to low- and moderate-income residents so that a diverse range of community members continue to be able to live in Palo Alto. Mayfield Place features one- to three-bedroom apartments ranging from 650 square feet to 1,200 square feet, and eligible residents must have incomes no greater than 60 percent of the area median income. Property amenities include covered parking, a fitness center, picnic area with barbecue, community room with kitchen, laundry room and bike storage rooms on every floor.
In addition to affordable housing for individuals and families, ground-floor spaces at Mayfield Place have been leased to Vista Center for the Blind and Visually Impaired and to Fambrini’s Café, allowing them to continue serving the neighborhood and daytime work population.
With close proximity to Caltrain, local VTA transit, and jobs and services along California Avenue and El Camino Real, Mayfield Place provides residents with options to minimize reliance on automobile use. All Mayfield Place residents receive free VTA Eco Passes, allowing unlimited travel on Santa Clara Valley Transportation Authority buses and light rail, to further encourage use of public transit.