Facebook is building a village that will include housing, a grocery store and a hotel
One billion people spend a lot of time to live life on the social network Facebook. Now Facebook wants to try to create a real world in the community.
The Internet giant wants to build homes, shops, a hotel and more in its headquarters, in short, Facebook wants to build its own city.
Facebook unveiled plans on Thursday for the massive construction project on its corporate campus in Menlo Park, Calif., Part of Facebook’s plans to expand its base base.
The 56-acre site, which Facebook bought in 2015 for about $ 400 million, is located just across from Facebook’s headquarters. In addition, it will provide 1.6 million square feet of housing or 1500 units.
In a blog announcing plans, it describes the future development of Facebook as a “mixed-use village,” which offers residents, many of whom will be Facebook employees, housing, transportation and other services.
“We intend to build 125,000 square feet of new commercial space, including a grocery store, a pharmacy and additional community stores,” Facebook said.
It will take about a decade to build, according to one person familiar with the plans. The initial phase of the project, which will include housing and food, will be involved in the first half of 2021.
The subsequent phases will be completed every two years, according to a blog post on Facebook
Willow Campus Although most households are likely to Facebook employees, Facebook will open shelter in the community. The accommodation will be a mixture of market rate and affordable housing, with 225 units, or 15%, the price lower than market prices.
“Part of our vision is to create a community center that provides community services in the long term,” wrote Facebook.
One of the advantages of ensuring that employees live so close to the campus is a reduction of traffic in the area, according to the blog’s publication.
While Facebook has submitted plans for the City of Menlo Park, they have yet to be approved. The company expects the approval process to take about two years.