Thursday 27 November 2014

Facebook 'to build luxurious $120m (€89m) housing complex for staff'

Ben Riley-Smith

Published 04/10/2013 | 10:28

Facebook

Facebook is to create a luxurious housing estate next to its Californian headquarters which means employees will barely leave the office when they clock off from work.

The new $120m (€89m) housing development will include 394 apartments as well as a swimming pool, spa and sports pub, according to a Wall Street Journal report.

Residents at Anton Menlo will also be able to leave their dogs at a day care centre, replace burst tyres at a bike repair shop and relax on one of the three themed rooftop decks.

The 630,000 square-foot area will be built within walking distance from Facebook's office in Menlo Park and will predominantly be available to staff only.

Some employees reportedly asked about places to live near the headquarters on the back of a housing shortage in Silicon Valley. Apartments will be available to rent at market rates, with a small amount set aside for low earners.

"The beauty of this thing is that it's extremely close to our campus," said John Tenanes, Facebook's director of real estate who is involved in the project, according to the Wall Street Journal.

He said the development was a "five-minute bike ride" away from the office via a path that runs along the San Francisco bay, adding: "You don't even have to put on the brakes."

Facebook moved its headquarters to Sun Microsystems’ former campus in Menlo Park in December 2011 and will soon have an extra wing built by renowned architect Frank Gehry.

Staff can help themselves to free frozen yogurt and coffee at work while some of the office walls are painted with graffiti and cartoon characters.

"Facebook is a strong supporter of its local community and consistently recognised as one of the best places in the world to work," said a Facebook spokeswoman according to the San Francisco Chronicle.

"This project advances both goals, by providing our employees an excellent new housing option within walking distance to campus while investing in new housing opportunities in our local community."

Telegraph.co.uk

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