Facebook plans offices, retail, grocery store, homes how much housing benefit will i get

The new campus would include several office buildings, hundreds of homes, retail, a grocery store, and parks and plazas, all part of what the social network giant envisions as a new center for the neighborhood.

Menlo park-based facebook intends to develop 1.75 million square feet of offices, 1,500 units of housing, 125,000 square feet of retail space including a pharmacy, as well as a cultural and visitor center.

“working with the community, our goal for the willow campus is to create an integrated, mixed-use village that will provide much needed services, housing, and transit solutions as well as office space,” said john tenanes, facebook’s vice president of global facilities and real estate.

Facebook submitted its plans on thursday to menlo park officials.

If the city review proceeds as anticipated, facebook hopes to launch construction sometime in 2019, with the first buildings ready for occupancy about two years after that.How much housing benefit will i get

As of march 31, facebook had 18,770 global workers, an increase of 38 percent year-over-year. The company didn’t disclose the number of employees in menlo park or the number projected to work at the expanded campus. However, using commonly accepted ratios of 1 employee for every 200 square feet of class A office space, as many as 8,700 facebook employees could work at the future willow campus.

Facebook hopes that one big community benefit will be the addition of a market in what is something of a grocery desert in that part of menlo park. The closest safeway store in menlo park is about 4 miles away from the proposed campus, a trip that can be a 20-to 30-minute drive across town in commute traffic.

OMA new york, an architectural firm, is designing the campus. Facebook declined to give an estimate of the overall project cost.How much housing benefit will i get get tech news in your inbox weekday mornings. Sign up for the free good morning silicon valley newsletter.

“we envisage construction will follow in phases, with the first to include the grocery, retail, housing and office completed in early 2021,” tenanes said. “subsequent phases will take two years each to complete.”

“we feel that facebook genuinely wants to be a good neighbor,” said diane bailey, executive director with menlo spark, a community environmental group. “they appear to have heard the requests of the community, and they want to meet those requests.”

“we are very pleased about the way this is happening, about the phasing of the project,” bailey said, “it’s great that the grocery store and the retail will be first, and that housing will be first. The area has not had a grocery store or a pharmacy for a long time.” rendering of the retail street in the proposed facebook willow campus.How much housing benefit will i get facebook is planning a vast expansion of its menlo park campus by adding several office buildings, hundreds of homes, retail, a grocery store, and parks and plazas, all part of what the social network giant envisions as an accessible village for the neighborhood. OMA new york

“it’s really the big tech companies such as facebook, google and apple that are still doing most of the expanding in the bay area,” said stephen levy, director of the palo alto-based center for continuing study of the california economy. “big tech companies are becoming major players in adding housing. It’s a positive sign that housing will be a big part of this campus.” like our facebook page for more conversation and news coverage from the bay area and beyond.

The social media giant also hopes to spur a revival of transit and transportation upgrades, including greater use of the dumbarton transit corridor, potentially running shuttle buses across the bay that could connect to BART.How much housing benefit will i get

“the region’s failure to continue to invest in our transportation infrastructure alongside growth has led to congestion and delay,” tenanes said. “willow campus will be an opportunity to catalyze regional transit investment by providing planned density sufficient to support new east-west connections and a future transit center. We’re investing tens of millions of dollars to improve U.S. 101.”