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Stanford purchases 759 apartments off Sand Hill Road

Original post made on Sep 22, 2022

Seizing an unexpected opportunity to increase its housing options, Stanford has purchased Oak Creek Apartments, a 759-unit complex located on a prime piece of real estate on Sand Hill Road.

Read the full story here Web Link posted Wednesday, September 21, 2022, 2:22 PM

Comments (8)

Posted by Judith Wasserman
a resident of Leland Manor/Garland Drive
on Sep 22, 2022 at 10:36 am

Judith Wasserman is a registered user.

How does this add any more housing? Those 759 units have existed for years; the only change is that Stanford gets to decide who lives there.

Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Sep 22, 2022 at 11:08 am

Online Name is a registered user.

Does Stanford's expansion ever stop while it takes housing off the market for everyone else, thus pushing up housing costs?

Posted by Jesse Waltham
a resident of Los Altos
on Sep 22, 2022 at 11:34 am

Jesse Waltham is a registered user.

Excellent call on the part of Stanford.

Many of the Oak Creek Apartment dwellers are older people who will not be living there forever.

Posted by Online Name
a resident of Embarcadero Oaks/Leland
on Sep 22, 2022 at 1:00 pm

Online Name is a registered user.

That complex is also used for temporary housing for people relocating to the area and for families and patients undergoing treatment at Stanford Medical for whom Stanford Medical offers no housing, leaving them to beg and plead for help on NextDoor and neighborhood lists.

Posted by MyFeelz
a resident of another community
on Sep 22, 2022 at 2:06 pm

MyFeelz is a registered user.

Let's forgive any taxes they might incur doing this. Because, you know... Stanford

Posted by community member
a resident of University South
on Sep 22, 2022 at 2:58 pm

community member is a registered user.

Someone here described Stanford as a real-estate conglomerate. with a school as a side venture.
Sounds right.

They also are buying up homes in College Terrace and in Menlo Park, according to public listings.

Posted by Native to the BAY
a resident of Old Palo Alto
on Sep 23, 2022 at 12:00 am

Native to the BAY is a registered user.

(Le)Land Stanford is up there with the gilded age of robber barons like Stanley Morgan, Carnegie, Rockefeller . Stanford massive land holdings reminds me of the Smithsonian and amassing “history” of things. Stole, pillaged, plundered for bones, baskets, tribal beliefs are stored in their basements . The “conspicuous consumption” of (Le)Land Stanford speaks volumes to another Century of gild by lavishing on themselves the treasure of gargantuan proportion, swallowing up everything and everyone in the way. Share the wealth, give in already. To the West is Stanford to the north is Facebook, to the the east is Google and to the south is Apple. The weather vein has to change direction for the majority of human earth dwellers and all other living creatures squeezed and pushed around from the Billions of dollar enterprises aforementioned . Tomorrow children will still be unhoused and go to school, and not be able to go “home” after the bell rings. Without a space to call “home” there is one constant for an un-homed child: a safe space in a classroom, a kind teacher, breakfast & a hot lunch.

Posted by Native to the BAY
a resident of Old Palo Alto
on Sep 23, 2022 at 10:08 am

Native to the BAY is a registered user.

Oh yes and Oak Creek denies S8 housing choice vouchers. The manager was pretty nice when he said no. At least he returned a call. Granted that was back in 2013 when housing was simmering at the top. Now it’s boiling over. I doubt return a call from Stanford Real Estate. Stanford absolutely does not accept gov subsidized rent help in any form outside their university boundaries. Yet many of their workers and grad students utilize food stamps (cal-fresh) to feed food to their own families to survive.

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