The New Company Town: Facebook’s $120 Million Housing Complex

Househappy —  October 3, 2013 — Leave a comment
Zuckville: Anton Menlo

Rendering of the Anton Menlo housing complex, via Facebook

Welcome to Zuckville. Or is it Facebookland?

Either way, Facebook has recently announced plans to build a 394-unit housing complex within walking distance of their Menlo Park headquarters. With skyrocketing real estate prices and the ever-growing cost of housing in San Francisco and Silicon Valley, Anton Menlo is the social network’s answer to the area’s housing shortage.

To build the new residential community, Facebook has collaborated with local developer St. Anton Partners and enlisted the help of national architecture firm KTGY Group to design the 630,000 square foot complex.

“We designed a community built on amenities and social settings,” said Keith Labus, a principal at KTGY. “Anton Menlo has everything the young professional could want to complement their busy lifestyle.”

These amenities include a sports pub, café, pet spa and doggy daycare, a yoga facility, doctor’s office, bike repair shop, and various restaurants among other conveniences. Facebook has also reserved 15 units to be allocated to low-income housing.

Though generous perks and over-the-top offices aren’t uncommon in the Bay Area’s competitive tech community, Facebook’s new $120 million project has been met with some cynicism; Critics are already likening it to the steelworker and mining company towns in the early 20th century where employer omnipresence fostered unreasonable expectations and blurred the lines between work and home.

Mayor Peter Ohtaki, on the other hand, is “thrilled to have new housing options coming to the City of Menlo Park.”

“Providing new housing opportunities for employees working in the area will allow people to live where they work and to spend more time enjoying this great city,” he said.

Sources: The Wall Street Journal, National Real Estate Investor

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