Many notable artists and groups, including former club member Stanley Jordan, Flipper, Phil Lesh, Yo La Tengo, GWAR, Blues Traveler (Summer '87), ESG, Bim Skala Bim, Elliott Smith, Run DMC, Modest Mouse, The Flaming Lips, Vampire Weekend, Frightened Rabbit, Girl Talk, GZA, Immortal Technique, Stereolab, Snarky Puppy, Action Bronson, Vulfpeck, and Tortoise[8] have played at Terrace, some before they were nationally known.

In 1906, the club relocated to the current Washington Road location, which was occupied by a house in the Colonial Revival style which had formerly belonged to faculty member John Grier Hibben.

[9] A tea party at Terrace in 1936 is credited[10] as the birthplace of the idea for the short-lived Veterans of Future Wars, an organization that satirized the acceleration of bonus payments to World War I veterans by demanding that its young members be similarly paid for the services they would render their country in conflicts to come.

[13] From 1977 until 1984, many of the sign-in clubs faltered due to declining membership numbers, and the Graduate Board seriously considered closing Terrace in 1983.

As an attempt to attract new members, chef Larry Frazer began cooking vegetarian meals, a new concept on campus at the time.

Frazer was married in Terrace Club in 1982 with the officers acting as attendants and guitarist Stanley Jordan as the musical performer.