Home | Newsletter | Advertise
loading...

Facebook To Build 1,500 Apartments in Silicon Valley

  • July 27, 2016

by UrbanTurf Staff

Facebook To Build 1,500 Apartments in Silicon Valley: Figure 1
An aerial shot of the Facebook headquarters.

Facebook is getting in to the real estate development game.

The social media giant will build 1,500 residential units in Silicon Valley, The Wall Street Journal reports. The company hopes to garner support for a massive 1.1 million square foot expansion of its headquarters with the move, as well as address the area’s chronic housing shortage.

“There is a lack of housing in the area,” John Tenanes, Facebook’s head of real estate, told The Wall Street Journal. “The intent here is to make an impact … it’s to try something new and something bold and to try to make a difference.”

The residential units will be for the general public and 15 percent will be set aside as affordable. No word yet on when the units will deliver or if Facebook will develop the units.

See other articles related to: facebook

This article originally published at http://dc.urbanturf.com/articles/blog/facebook_to_build_1500_apartments_in_bay_area/11516

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse