Facebook Inc’s sprawling campus in Menlo Park, Calif., is so full of cushy perks that some employees may never want to go home. Soon, they’ll have that option. The social network said this week it is working with a local developer to build a $120 million, 394-unit housing community within walking distance of its offices. Called Anton Menlo, the 630,000 square-foot rental property will include everything from a sports bar to a doggy day care.
Even in Silicon Valley, where tech companies compete to lure coveted engineers with over-the-top perks and offices that resemble adult playgrounds, Facebook’s plan breaks new ground. A Facebook spokeswoman said employee retention wasn’t a major factor in the real estate push. “We’re certainly excited to have more housing options closer to campus, but we believe that people work at Facebook because what they do is rewarding and they believe in our mission,” she said.
To build the housing, Facebook’s “amenities team” worked with developer St. Anton Partners, a San Francisco Bay area, multi-family real estate developer, to create an environment that mirrors the atmosphere of its corporate campus, where employees are encouraged to mingle and share ideas. The apartments will go for market rates, and a handful will be set aside for low income residents. All but 15 of the units will be open to non-Facebook employees.
One of Facebook’s corporate goals is to take care of as many aspects of its employees lives as possible. They don’t have to worry about transportation—there’s a bus for that. Laundry and dry cleaning? Check. Hairstylists, woodworking classes, bike maintenance. Check. Other amenities some employees will soon enjoy: an area called “The Quad” with flowering trees, fountains, and “light effects.” A “backyard” rec zone with bocce ball, pool, cabanas, and BBQ pits. Of course, there’s an area for dogs, and an outdoor kitchen. At Facebook, the company’s headquarters are supposed to feel more like a college campus than an office. Sounds like Facebook “company town” will be just the thing to bring back those comforting memories of college life.
- Facebook to Build Employee Housing (news.dice.com)
- These Charts Prove Facebook Is A Better Place To Work Than Google (GOOG, FB) (embargozone.com)