Stanford trustees are granted ownership over four parcels of land at the site that would become 500 El Camino Real.
Stanford enters into long-term commercial lease agreements with automakers, designating its parcels on El Camino real as auto dealerships for Ford and General Motors until 2013.
The City of Menlo Park embarks on a visioning process to define its priorities for growth. This process paves the way for the creation of the El Camino Real/Downtown Specific Plan, which was approved in 2012 and reaffirmed by the City Council in 2013 and the voters in 2014. It includes the parcels comprising the 500 El Camino Project. Stanford was long an active participant in this process.
The last of Stanford’s long-term leases expires and the university continues efforts to redevelop the parcels, under the vision of the Specific Plan and into a one cohesive project with community benefits.