Facebook Outbid On Menlo Park Land For Low-Cost Housing

Part of Facebook’s proposal to expand its headquarters in Menlo Park, Calif., involved an agreement by the company to either build 15 low-cost homes or contribute $4.5 million toward affordable housing. But the social network is having trouble finding land in order to comply with that part of the deal.

The Almanac reported that Facebook was outbid for city-owned lots located at 777-821 Hamilton Avenue, with the land going to Greenheart Land for $8 million, and that company planning to build housing on the 2.1 acres, as well as eyeing an expansion to 7.1 acres if it can reach agreements with adjacent property owners.

The Menlo Park Planning Commission Monday unanimously approved Facebook’s proposed West Campus expansion, designed by renowned architect Frank Gehry, and the project will be voted on by the Menlo Park City Council in March.

Readers: Do you think Facebook will be able to overcome this obstacle and get its West Campus approved?

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!