Eight Fast Facts All About Facebook’s Foray Into Housing
Social media giant Facebook, a company that brags a culture that’s more college than corporate, what with an ever-flowing stream free ice cream, “walking meetings,” on-site shopping, and outdoor movie nights, has not only recruited the likes of starchitect Frank Gehry to build a hulking new wing for its mothership HQ in Menlo Park, Calif., but is also, so the Wall Street Journal reports, now on track to build a housing development just a five-minute bike ride (“You don’t even have to put on the brakes,” architect John Tenanes, Facebook’s director of real estate, told the WSJ) from the main campus. It’s a move that’s been largely untouched by corporations since the first half of the century, when U.S. tycoons and robber barons provided their employees housing amenities near their factories—Fordlandia, anyone?—to increase efficiency. If all goes well, it could be the beginning of a new era in corporate perks, one that transcends even—gasp!—in-office arcades and spas. Anyway, eight fast facts about Anton Menlo, as gleaned by the Journal:
8. Facebook is using a “local developer” to build a 394-unit housing “community” on 630,000 square feet.