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Here's what Facebook says the new town might look like. Facebook

Facebook wants to build its own town - This is what it will look like

The plan will include 15% of the housing units sold below market value.

BILLIONS OF PEOPLE spend a lot of time living their lives on Facebook’s social network. Now Facebook wants to try its hand at creating a community in the real world.

The internet giant wants to build housing, retail stores, a hotel and more at its corporate headquarters — in short, Facebook wants to build its own town.

Facebook unveiled plans on Thursday for the massive new construction project at its Menlo Park, California corporate campus, which is part of Facebook’s plans to expand its home base.

The 56-acre site, which Facebook bought in 2015 for about $400 million, is located directly across the street from Facebook’s headquarters. It will offer 1.6 million square feet of housing, or 1,500 units.

In a blog post announcing the plans, Facebook described the future development as a “mixed-use village” that will provide residents, many of which will be Facebook employees, with housing, transportation services and other amenities.

“We plan to build 125,000 square feet of new retail space, including a grocery store, pharmacy and additional community-facing retail,” Facebook said.

The new development will also include a hotel, according to the Silicon Valley Business Journal.
https://www.facebook.com/fbcommunity/videos/689598231238233/

It will take roughly a decade to build, according to a person familiar with the plans.

The initial phase of the project, which will include the housing and grocery store, will be wrapped up in the first half of 2021. The subsequent phases will be completed every two years.

While most of the housing will likely go to Facebook employees, Facebook is opening up the housing to the community at large. The housing will be a mix of market rate and affordable housing units, with 225 units, or 15%, priced below market rate.

“Part of our vision is to create a neighborhood centre that provides long-needed community services,” Facebook wrote.

PastedImage-61310 The town will be built in a number of phases over 10 years. Facebook Facebook

One benefit of having employees live so close to campus is a reduction in the amount of traffic in the area, according to the blog post.

While Facebook has presented the plans to the City of Menlo Park, they have not yet been approved. The company expects the approval process to take about two years.

Business Insider- Avery Hartmans

Read: After a few glitches, Facebook is confident its drones will provide internet to 4 billion people >

Read: Male nurse who contacted patient on Whatsapp and Facebook found guilty of professional misconduct >

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    Mute Eoin Sheehy
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    Oct 7th 2011, 10:16 PM

    I’m glad it was a private sort of Funeral especially with the Westboro Baptist Church intending to picket his funeral, idiots.

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    Mute gary power
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    Oct 7th 2011, 10:35 PM

    God there not are they ….

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    Mute Kevin Maughan
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    Oct 7th 2011, 11:56 PM

    That the church led by Fred Phelps?!

    That prick pickets the funerals of US troops coming back from Iraq with placards that read "GOD IS GLAD YOUR SON IS DEAD!"

    Sick Bastards.

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    Mute Steve Herron
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    Oct 8th 2011, 12:10 PM

    The irony being that Phelp’s wife made the announcement that they would picket the funeral via Twitter for iPhone.

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    Mute Toureag
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    Oct 7th 2011, 9:51 PM

    Steve, safe journey home to iheaven…..

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    Mute David Higgins
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    Oct 7th 2011, 9:35 PM

    That cover of the New Yorker is so powerful and so true!

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    Mute mart_n
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    Oct 7th 2011, 9:52 PM
    10
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    Mute Noddy Mooney
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    Oct 8th 2011, 8:34 AM

    Powerful maybe, but true? So you’ve met St. Peter and he was using an ipad. Why weren’t you allowed in?

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    Mute Alex simon
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    Oct 7th 2011, 10:31 PM

    Will miss u steve RIP. Apple shouls change the name of iphone 4s to 4SJ!!!

    Loved the art

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    Mute Graham Keogh
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    Oct 8th 2011, 12:36 AM

    Thats why it was called the 4S. 4 Steve.

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    Mute Graham Keogh
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    Oct 8th 2011, 12:39 AM

    Actually I’m just wondering what sort of sick people read this site. Someone posts wishing steve well and he gets 10 thumbs down. WTF is wrong with some people?

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    Mute grass Eye
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    Oct 8th 2011, 2:13 AM

    Can’t imagine the funeral was too flash

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    Mute Alan Breslin
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    Oct 8th 2011, 1:05 AM

    Graham….. They are on android!!!

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    Mute Joe McDermott
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    Oct 8th 2011, 1:23 PM

    iSad

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    Mute Pete Gibson
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    Oct 8th 2011, 8:49 AM

    Graham.I always give a thumbs down to people with sloppy spelling.
    In your case no capital S in Steve.
    The perfectionist Steve Jobs would have approved.

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    Mute Gordon Bernard
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    Oct 8th 2011, 9:11 AM

    Pete you’re an idiot. So if someone makes a point you agree with, you’ll thumbs down it for incorrect spelling? Genius. By the way, you should have had a space between a full stop and the next word. Idiot.

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    Mute Craig Walters
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    Oct 8th 2011, 9:39 AM

    That is so anal god I hope yr not a teacher wud hate mi kidz to be in yr class

    … See what I did there :p

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    Mute Patrick Denny
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    Oct 8th 2011, 11:58 AM

    He wouldn’t have approved of your punctuation however.

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    Mute Reada Quinn
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    Oct 8th 2011, 3:11 PM

    Peter. There should be a space after a full stop

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    Mute neuromancer
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    Oct 8th 2011, 2:43 PM

    iDidnt even know the guy.

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    Mute Silent P
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    Oct 8th 2011, 12:38 AM

    Can I take credit i.e. a few million, for naming Apples next iPhone the iPhone Steve?

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    Mute Dee Ferry Kennedy
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    Oct 8th 2011, 8:38 AM

    I think they did that with iPhone 4s

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    Mute Sinead O'Kelly
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    Oct 8th 2011, 10:37 AM

    Pete you really should find something more productive to do with your time rather than correct the worlds spelling, like invent something better than the iPhone.

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    Mute Rónán Ó Conchúir
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    Oct 8th 2011, 10:27 AM

    Will he be buried in an i-coffin?

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    Mute sure2bsure
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    Oct 8th 2011, 10:43 AM

    There’s only so many jokes you can make….

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    Mute Roman RomanOwski
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    Oct 8th 2011, 9:42 PM

    R.I.P.

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    Mute Lena Mackey
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    Oct 9th 2011, 12:13 PM

    The death of Apple co founder and former CEO Steve Jobs.Marks the passing of an extraordinary inventor.he was hailed as a creative genius.on a par with,Albert Einstein and Thomas Edison.he had such a Creative mind,and a great Inspreation to the world he may be gone,but he’ll never be forgotten. R.I.P

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    Mute Joe McDermott
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    Oct 8th 2011, 1:25 PM
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