Facebook To Subsidize 15 Units In Upscale Apartment Complex In Menlo Park

ConstructionFacebook checked off the affordable-housing box in its agreement with Menlo Park, Calif., allowing it to build the West Campus expansion of its headquarters.

The company will subsidize 15 units in an upscale 400-unit apartment complex in the city, the Palo Alto Daily News reported, as it reached an agreement with developer St. Anton Partners involving a $120 million development on Haven Avenue, near Marsh Road, off of Highway 101, and less than two miles from Facebook headquarters.

Facebook’s payment was not disclosed, but Menlo Park Senior Planner Deanna Chow told the Daily News that if the company opted to pay an in-lieu fee, it likely would have been charged about $4.5 million.

According to the Daily News, the complex will feature a convenience store, coffee shop, sports pub, bike repair shop, pet spa, yoga room, rooftop deck, clubhouse, and “resort-inspired” pool area with cabanas.

Facebook has already broken ground on West Campus, which was designed by renowned architect Frank Gehry.

Image courtesy of Shutterstock.

Related Stories
Mediabistro Course

Facebook Marketing

Facebook MarketingStarting Janaury 13, work with the group marketing manager of social media at Microsoft/BingAds to build a fan base and grow your business on Facebook! In this course, Geoffrey Colon will teach you how to set up and enhance your company page, understand best practices and measuring your success, execute a monthly content strategy, and incorporate Facebook into your overall marketing efforts. Register now!