What's Hot: A Look at DC's Smallest Home on the Market | The Bill That Would Protect Homeowners From Construction Damage
Facebook To Build 1,500 Apartments in Silicon Valley

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.
story continues below
loading...story continues above
“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 https://dc.urbanturf.com/articles/blog/facebook_to_build_1500_apartments_in_bay_area/11516.
Most Popular... This Week • Last 30 Days • Ever

In this edition of First-Timer Primer, we look into the question of how to determine ... read »

Offering only five modern residences behind a historic brick and brownstone exterior,... read »

UrbanTurf Listings is a premium property listings service that showcases some of the ... read »

Long-term mortgage rates dropped this week, hitting pause on the steady ascent that t... read »

This week’s Best New Listings includes a custom condo in downtown DC, a one-story h... read »
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro