Facebook is building a $120 million town for employees
Facebook is partnering with a Sacramento–based development company to build a 394–unit housing complex within walking distance of both its Menlo Park HQ and its new West Campus, which is under construction. Aside from 15 low income units required under agreements with local government, the rest of the studios, one–, two–, and three–bedroom apartments are all intended for Facebook employees. Ground will break this month and the building is expected to be finished in two years.
The main Facebook campus teems with the usual Silicon Valley perks, and this luxury residence is no different. According to the press release, residents will have access to concierge services, a gym with yoga and personal training, a pool/spa/cabana area, a "clubhouse" with indoor and outdoor cooking areas, a rooftop "entertainment deck," a bike repair shop, sports pub, cafe, and even a pet spa.