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Thursday, October 3, 2013

Facebook to Open $120 Million Housing Complex for California Employees


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Facebook is looking to ease the commute of its Menlo Park employees with a proposed $120 million housing project within walking distance of its headquarters.
The complex, Anton Menlo, will feature 394 units and house both a sports bar and a doggie day care center. Facebook's Silicon Valley headquarters has been likened to a small city. The complex includes a doctor's office, a bike repair shop and various restaurants.
Facebook, which is working with St. Anton Partners on the 630,000 square-foot project, is subsidizing the cost of 15 of the units to allow for low-income housing. The housing complex can only accommodate a maximum of 10% of Facebook's Menlo Park staff.

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In seeking to reduce the commute for its employees, Facebook walks a fine line between pampering its workers and creating an environment in which there is no delineation between work and home. The complex has already been nicknamed "Zuckland" and "Facebookville" and likened to the company towns of the early 20th Century in which workers were little more than indentured servants to their employers.

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