Fb Is Getting Into the Actual Property Enterprise
Fb is planting its roots in the actual world, with a deliberate group close to its Menlo Park, California, headquarters—full with a grocery store, eating places, retailers, and a 193-room resort.
Willow Village will actually be an organization city—with 1,729 residences on-site, together with 320 inexpensive items and 120 put aside for seniors.
The event of the 59-acre web site, at present an industrial and analysis complicated, is a collaboration between Fb and Signature Growth Group, a Bay Space actual property developer greatest recognized for the Hive, a mixed-use industrial, buying, and residential house in Oakland.
The design for Willow Village is pedestrian-friendly, with bike lanes and ample sidewalks, and consists of quite a few public inexperienced areas, together with a quarter-mile elevated park akin to the Excessive Line in Manhattan.
Plans additionally name for a brand new 1.25-million-square-foot modernist workplace constructing, together with a large glass-domed space envisioned as a “collaborative space.”
“Fb needs to modernize this and produce it into the twenty first century,” Mike Ghielmetti, president of Signature Growth, informed The Mercury Information in January.
The corporate filed paperwork to redevelop the half-century-old Prologis Menlo Science and Know-how Park in 2017, however was met with resistance through the two-year public remark interval. Residents in close by neighborhoods like Belle Haven complained it could worsen visitors and make housing much more scarce.