The Varsity Theatre is a former movie palace on University Avenue in Palo Alto, California.

The theater closed in 1994 and the building has been adapted for other commercial uses, initially as a Borders bookstore and since 2015 housing a co-working space and a Blue Bottle cafe.

Known for the Hotel del Coronado in Southern California, they designed a movie palace in a combination of Mission Revival and Spanish Renaissance styles with a distinctive neon marquee and an elongated, colonnade-lined courtyard.

[4] Despite protests from locals and also the San Francisco Chronicle, which compared the theater to the Louvre, the owner, Charles "Chop" Keenan, was granted a zoning variance to increase square footage to offset the cost of seismic retrofitting in order to convert the Varsity into a Borders bookstore.

The building remained vacant until 2015, when it was renovated by Gensler to accommodate HanaHaus, a co-working space operated by the software company SAP, and a Blue Bottle cafe.