High Street Proposes 200-Unit Palo Alto Apartments
The eight-story complex at 720 San Antonio Road would replace three commercial buildings near the AC Hotel Palo Alto.
Updated on Nov. 10, 2026 in Apartments
Live Poll
Should your city approve more large apartment buildings to ease the housing shortage?
High Street Residential, a subsidiary of Trammell Crow, has proposed a 200-unit apartment complex at 720 San Antonio Road in Palo Alto. The plan would demolish three existing commercial buildings adjacent to the AC Hotel Palo Alto and requires rezoning from service commercial to planned community/planned home designation.
Why it matters
Palo Alto must plan for 6,086 new housing units by 2031 under state requirements, and the project would add a sizable share of that target. The proposal comes as Bay Area construction slows, with surging demand from incoming artificial intelligence workers adding pressure to an already tight housing market.
The proposal calls for 25 studios, 113 one-bedroom, 44 two-bedroom, and 18 three-bedroom units, totaling 200 homes. The City must still act on the requested rezoning from service commercial to planned community/planned home, and no approval timeline was provided.
The players
High Street Residential
A subsidiary of Trammell Crow that is the developer behind the proposed 200-unit apartment complex at 720 San Antonio Road.
Trammell Crow
A national commercial real estate firm and the parent company of High Street Residential, the developer of the San Antonio Road proposal.
City of Palo Alto
The municipal government that must review the rezoning request and plan for the state-mandated housing target of 6,086 units by 2031.
The details
The eight-story building would include outdoor amenity spaces, a fitness room, a pool lounge, and private balconies for some units. The plans use transit-oriented development provisions under Senate Bill 79, and the existing commercial buildings on the site would be demolished to make way for the apartments.
Timeline
May: Woodland Park Communities submitted pre-applications for two East Palo Alto residential projects.
July: Minority Television Project proposed a six-story mixed-use development at 555 College Avenue.
2031: Deadline for Palo Alto to plan for 6,086 new housing units under state requirements.
Roadmap
The project relies on the transit-oriented development provisions of Senate Bill 79 to convert commercial land into dense housing near existing hotels and services. It follows a broader pattern in which Bay Area cities are being asked to meet state-mandated housing targets while multifamily construction deliveries have slowed.
If approved, the project would add 200 rental homes near the AC Hotel Palo Alto, expanding options for renters across a range of unit sizes from studios to three-bedrooms. The rezoning decision will determine whether the site's commercial buildings are demolished and replaced with housing.
The takeaway
Palo Alto's proposed 200-unit project shows how state housing mandates are pushing cities to convert commercial land into residential units. Residents tracking local housing supply can watch the rezoning process for 720 San Antonio Road as a signal of how quickly new homes may arrive.
Further reading
Explore more on Apartments to see how Palo Alto's housing mandates are shaping new residential projects.
Live Poll
Should your city approve more large apartment buildings to ease the housing shortage?
