Bedrock
Rezoning

3997 Fabian Way, Palo Alto, CA

On municipal recordPalo Alto, CA
5/ 5
Prime signal
Bedrock impact score
Action type
Rezoning
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-08-20
Jurisdiction
Palo Alto, CA
Days on record
9 days
Aerial view of 3997 Fabian Way, Palo Alto, CA
Aerial — close view · EsriInteractive map ↓
Street View ↗
01Investment highlights

Why this deal matters

  • Rezoning in Palo Alto, CA · Multifamily / Residential
  • Bedrock impact score 5 of 5 — Prime signal
  • A 273-unit multifamily rental tower winning streamlined entitlement and CEQA clearance in a GM-zoned Palo Alto parcel is a rare precedent
  • Signals this corridor is opening to residential and validates the State Density Bonus Law as a viable bypass of local manufacturing zoning.
  • On the municipal record 9 days (filed 2026-08-20)
02Deal summary

The rationale

A 273-unit multifamily rental tower winning streamlined entitlement and CEQA clearance in a GM-zoned Palo Alto parcel is a rare precedent — signals this corridor is opening to residential and validates the State Density Bonus Law as a viable bypass of local manufacturing zoning.

Architectural Review Board considering a Streamlined Housing Development Review for a new 7-story, 273-unit multifamily rental project at 3997 Fabian Way, Palo Alto, proposed under State Density Bonus Law in a General Manufacturing (GM/ROLM Focus Area) zone, with streamlined CEQA review under Section 15183.

03Deal facts

The filing record

Jurisdiction
Palo Alto, CA
Action type
Rezoning
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-08-20
Days on record
9 days
04Location

Where this sits

Satellite view of the parcel — pan, zoom, and switch layers.Esri World Imagery
3997 Fabian Way, Palo Alto, CA
37.42239, -122.10399
Street view

At street level

Street view of 3997 Fabian Way, Palo Alto, CA
Google Street View · nearest outdoor imagery
Property record

Parcel & ownership

APN / Parcel
12737003
Parcel data · Santa Clara County
Area demographics

Santa Clara County

1,924,379
Population
$130,890
Median HH income
635,314
Households
$2,271
Median rent
U.S. Census · ACS 5-year
Nearby amenities

Within ~1 mile

20 Transit
20 Schools
20 Dining
1 Grocery
1 Banks
18 Parks
Points of interest · Google Places
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-08-20
    9 days on record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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