Social Networking Giant Hopes Expanded Willow School will Assist Ease Housing Shortage, Lower Traffic Congestion
Not to be outshined by Google’s strategies to build a massive tech town in San Jose, Facebook, Inc. has submitted strategies to develop a number of office buildings totaling 1.75 million square feet along with 1,500 real estate units, 125,000 square feet of retail, plus open area and other facilities in an expansion of its Menlo Park, CA head office. The social media company will work with international architecture firm OMA to establish a master strategy for the Willow School, a mixed-use development beside Facebook’s primary headquarters, which lies on Constitution Drive in Menlo Park on the eastern edge of San Mateo County near San Francisco Bay. Facebook inhabits an overall of about 3.9 million square feet across almost 40 homes in Menlo Park, where it has actually been locateded since 2011, according to CoStar details
. Well known architect Frank Gehry developed Facebook’s very first head office growth called MPK20, which opened in 2015 at 1 Facebook Way.Click to Expand. Story Continues Listed below The company prepares to redevelop the previous Menlo Science & Innovation Park into Willow School,” an incorporated, mixed-use town that will supply much required services, housing and transit solutions in addition to office space,”
the business stated in a declaration published, obviously, on Facebook &.”Part of our vision is to produce an area center that offers long-needed community services. We plan to develop 125,000 square feet of brand-new retail area, including a supermarket, drug store and extra community-facing retail, “the company stated.
Having filed the plan with the city of Menlo Park on Thursday, Facebook will begin formal discussions with regional authorities and community organizations throughout the review procedure expected to last two years. The very first stage of building would include the grocery store
, other retail, real estate and office buildings to be finished in early 2021. Subsequent building and construction phases would be completed in two-year increments. Of the 1,500 brand-new real estate systems,15 %will be at below-market rates, matching a preliminary investment of $18.5 million in economical real estate announced in 2015. Facebook is likewise spending countless dollars to enhance U.S. Highway 101 and partnering in other regional efforts to combat the area’s epic traffic jam. The development will be linked through a series of bridges, plazas and crosswalks. Facebook and OMA intend to gain approval of the plan by mid-2019.