Facebook Is Building A $120 Million Town For Its Employees

The 394-unit complex in walking distance of Facebook HQ is one of the largest new rental real estate projects in the state of California.

Facebook is partnering with a Sacramento-based development company to build a 394-unit housing complex within walking distance of both its Menlo Park HQ and its new West Campus, which is under construction. Aside from 15 low income units required under agreements with local government, the rest of the studios, one-, two-, and three-bedroom apartments are all intended for Facebook employees. Ground will break this month and the building is expected to be finished in two years.

The main Facebook campus teems with the usual Silicon Valley perks, and this luxury residence is no different. According to the press release, residents will have access to concierge services, a gym with yoga and personal training, a pool/spa/cabana area, a "clubhouse" with indoor and outdoor cooking areas, a rooftop "entertainment deck," a bike repair shop, sports pub, cafe, and even a pet spa.

Despite all the swag, the idea of onsite company-built dorms is more reminiscent of a Chinese tech sweatshop like Foxconn than a knowledge factory like Facebook--the building's already been nicknamed "Zuckland" and "Facebookville." But the question of where tech industry workers will live is a pressing one. San Francisco and San Jose, the two capitals of the area, saw the highest rent increases in the country over the last quarter.

How much would your company have to pay you to room with your coworkers? Is this good or bad for productivity? Let us know what you think in the comments.

[Image: KTGY]

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8 Comments

  • Rick Marro

    I WOULD LOVE THE OPPORTUNITY talk to the top 100 companies in the US and Fix the EDUCATION problem once and for all !! With SMART and SIMPLE solutions ! ! ! It's the right thing to do

  • Lucas Rayala

    The names Zuckland and Facebookville seem more endearing than reminiscent of Foxcon. I'm sure this is just a response to the housing issues in San Fran--not sure why the biting tone?

  • Len Feldman

    Given the insane cost of living in Silicon Valley, I'm surprised that this didn't happen well before now. Offering employees the chance to get top-quality apartments at below-market rates is a powerful perk, especially now that Facebook is post-IPO. One problem, however, is what happens if a Facebook employee with company housing is recruited away. Another problem is that Facebook will only be able to offer a small number of employees housing, so they'll have to have rules about who's eligible and how long they can stay. Even with the problems, however, I wouldn't be surprised to see other Valley companies experiment with housing.

  • jlcordoba

    Maybe spending all day and night in the same ecosystem could be a little bit claustrophobic

  • heyimnic

    Hard to see this as a bad thing, in my opinion. Looks like a cool spot, probably around a lot of people you'd like, AND it has the added benefit of pulling people south, closer to the cities they work in.