Sunday, October 13, 2013

Housing shortage and Facebook takes note- Francis Rolland


Francis' Silicon Valley Real Estate corner...



Posted: 13 Oct 2013 09:34 PM PDT
Facebook to Build Apartments for Employees
 
A mockup of a new housing complex in Menlo Park for Facebook employees has been released. The project will cost $120 million and will create 394 units. The entire complex will be 630,000 square-feet.
 
Along with apartments, the area will have shops, a sports bar, a doggy day care, as well as an outdoor community pool. Designed primarily to house Facebook employees, the complex will be within walking distance or a five-minute bike ride from the corporate campus.
 
The majority of units will only be available to Facebook employees and sold at market rate. Fifteen units will be open to non-Facebook employees who are low-income. Construction begins this month and is expected to be completed in 24 months.
Source: Silicon Valley Association of Realtors.

Thanks for reading,
Francis

Silicon Valley real estate specialist
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A place worth noting: Our Brother's Home in MountainView
Francis C. ROLLAND - Since 1985 Realtor. HEC 76. MBA - CRS Coldwell Banker dir: 650-947-2259

 


 
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