November 4, 2016 Comments Off on Menlo Park Unanimously Approves Facebook Expansion Views: 187 Bay Area, California, California News, West

Menlo Park Unanimously Approves Facebook Expansion

Facebook’s Bayfront expansion received Menlo Park’s unanimous approval, paving the way for development of roughly one million square feet of office space and a 200-room hotel. The expanded facilities could be home to 6,550 workers, once completed.

Plans submitted by Hibiscus Properties, LLC, a wholly owned subsidiary of Facebook, Inc., envision connecting a once-isolated, 58-acre industrial site by creating a multi-functional environment. The social media giant has called Menlo Park, CA home since 2011, and sees the new facility as a way to contribute to the preservation and enhancement of the community.

The agreement for the site along the Bayfront Expressway requires Facebook to either build 20 below-market-rate units, or pay $6.5 million in fees into the city’s affordable housing fund. The project is expected to be completed by 2020.

Read More at San Jose Mercury News

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