Facebook announces plan for housing at new Menlo Park campus


Billions of people spend a lot of time living their lives on Facebook's social network.

The description of the new office, dubbed "Willow Campus", sounds like a almost complete town: It'll have apartments, local transportation, multiple parks, office space, a grocery store, and a pharmacy. According to the report, the internet giant is planning a massive new construction project at its Menlo Park, California corporate campus, as part of its plans to expand its home base.

In addition to 1.75 million square feet of office space, there will be 1.6 million square feet of residential space and 125,000 square feet of retail and mixed-use space.

Facebook envisions that the first part of the project, including the retail, office, housing and grocery space, would be complete by 2021. That changes with today's announcement from John Tenanes, VP Global Facilities and Real Estate, which follows below.

Eli Lilly and Company Sees Unusually High Options Volume (NYSE:LLY)
Eli Lilly and Company (NYSE:LLY) now has a trailing P/E of 39.46 while its forward P/E according to Thomson Reuters is 18.63. Following the sale, the insider now directly owns 124,475,804 shares of the company's stock, valued at $10,337,715,522.20.

Facebook will file its latest plans to the city this month, initiating a review process expected to take about two years, according to Tenanes.

Housing is described as "critically important" to the masterplan. Last year, the company proposed spending $1 million on a feasibility study for restoring a long-closed rail line across the southern end of San Francisco Bay that runs through the campus.

The company also said it would create an east-west transit connection and "a future transit center".

Facebook hopes that by locating housing and essential services close to its headquarters, the new plan will help alleviate what has become intense traffic congestion. "The Willow Campus masterplan creates a sense of place with diverse programming that responds to the needs of the Menlo Park community". "Going forward, we plan to continue to work closely with local leaders and community members to ensure Facebook's presence is a benefit to the community".

Related News:

  • Area First Responders Honor Fallen Dallas Police Officers on Anniversary

    Thursday night the Dallas Police Department held a private honor ceremony for 100 officers and their heroic acts on July 7, 2016. A protest against recent officer-involved shootings was underway in downtown Dallas when the shooting occurred.

    ValuEngine Downgrades Brookdale Senior Living Inc. (NYSE:BKD) to Hold

    Shares of BKD have increased 8.47% in the past three months, while the S&P 500 has gained 7.06% in that time. Goldman Sachs Group Incorporated holds 0% in Stewart Information Services Corp (NYSE:STC) or 93,100 shares.
    Chris Christie's Running Mate Wants New Jersey to Sell Controversial Beach House

    Chris Christie's Running Mate Wants New Jersey to Sell Controversial Beach House

    Christie and his family took a trip to one of the state's beaches that was shut down to the public because of the state government shutdown.
  • $0.39 EPS Expected for Rush Enterprises, Inc

    The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.14. Beaufort Securities maintained the shares of GWB in report on Monday, September 14 with "Speculative Buy" rating.
    United States  ethics chief resigns after clashes with Trump

    United States ethics chief resigns after clashes with Trump

    In this letter, he wrote: "I have had the honor and privilege of serving the American public at the U.S. Office of Government Ethics under three presidents- George w".
    Matt Kenseth Says He Won't Return to Joe Gibbs Racing Next Season

    Matt Kenseth Says He Won't Return to Joe Gibbs Racing Next Season

    Jones, 21, said Thursday also at Kentucky he hadn't been told yet what vehicle he'd drive next year but expected to learn soon. However, as well as Byron has raced this season, the Hendrick development driver could be promoted sooner than later.
  • Mexico manager Juan Carlos Osorio suspended six matches, will miss Gold Cup

    Mexico manager Juan Carlos Osorio suspended six matches, will miss Gold Cup

    Raymond James Stadium will host two CONCACAF Gold Cup soccer matches next week, and the Tampa Sports Authority says tickets are still available.
    FBI investigated complaints that Bobby Knight groped women at U.S.  spy agency

    FBI investigated complaints that Bobby Knight groped women at U.S. spy agency

    Some employees had expressed concern with Knight's attendance prior to the event, according to the Post . His wife, Karen, said, "Bob did nothing wrong and there is NO evidence to prove that he did".

    Southwest Airlines Company (NYSE:LUV) Lowered to Hold at Vetr Inc

    NRG's SI was 15.12 million shares in July as released by FINRA. (NYSE:VTR) has risen 3.44% since July 7, 2016 and is uptrending. Equities analysts expect that Southwest Airlines Company will post $3.88 earnings per share for the current fiscal year.
  • El coach le pide a

    El coach le pide a "Manny" que se retire

    Acerca de la pelea, la OMB debe tomar medidas en la solicitud "para no erosionar el interés de la gente en el boxeo". El juez estadounidense Chris Flores y Ramón Cerdán , de Argentina, marcaron la pelea mucho más cerca, 115-113.

    United Services Automobile Association Sells 35576 Shares of Oclaro, Inc. (NASDAQ:OCLR)

    The rating was maintained by Stifel Nicolaus with "Buy" on Wednesday, November 2. (NASDAQ:OCLR) rating on Monday, October 31. When a stock traded on high volume then is it is good time for active Investors to attain the opportunity of this situation.

    Frontier Communications Corporation (FTR)

    The share price has moved backward from its 20 days moving average -9.89% and negatively from its 50 days moving average -19.70%. Increasing profits are the best indication that a company can pay dividends and that the share price will trend upward.

Most liked

Tesla to build world's biggest lithium ion battery in South Australia
The project is expected to be completed by December. "That's what we said publicly, that's what we are going to do", Musk said. Tesla Boss Elon Musk said the battery would look quite impressive and could become a drawcard for the area.

Pfizer, Inc. (PFE) is Windward Capital Management Co. CA's 7th Largest Position
After $0.69 actual EPS reported by Pfizer Inc. for the previous quarter, Wall Street now forecasts -5.80% negative EPS growth. Eli Lilly and Company" published on July 01, 2017, Seekingalpha.com published: "Pfizer: Negative Signs?" on June 26, 2017.

Brokerages Set Cheniere Energy Partners LP (CQP) Target Price at $34.67
It increased, as 40 investors sold LNG shares while 98 reduced holdings. 30 funds opened positions while 58 raised stakes. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock.

Women's March organizers take on NRA in next march
Within the video, Stinchfield mentions the violent actions of protesters and the hypocrisy of those angry about Loesch's video.

Uttarakhand Student Dies After Landlord Pushes Him Off 5th Floor
Panwar and his other friends rushed Bisht to a nearby hospital where he was declared brought dead. All the tenants including Bishit had been facing the rude behaviours of the PG owner since long.

Scalise remains in 'serious condition' after surgery to manage infection
House Majority Whip Steve Scalise has undergone surgery for "the management of infection" and remains in serious condition. Five people, including Scalise, were injured when Hodgkinson reportedly opened fire on the baseball practice.

Jigsaw Poster Released and Issues a Haunting Order
Saw owned October's box office for much of its series run, so putting the latest entry back in that slot makes flawless sense. The Saw franchise has reaped $873 million at the worldwide box office for Lionsgate.

The Citadel Advisors LLC Increases Stake in Pacific Premier Bancorp Inc (PPBI)
The stock has a market capitalization of $1.48 billion, a PE ratio of 25.32 and a beta of 0.73. (NASDAQ:AAPL) for 25,000 shares. Insiders have sold 23,549 shares of company stock valued at $873,125 in the last three months. (NASDAQ:AAPL) or 215,437 shares.

Union Pacific Corporation (NYSE:UNP) Given Daily Coverage Optimism Rating of 0.27
State Farm Mutual Automobile Insurance Company acquired 26,910 shares as Union Pac Corp ( UNP)'s stock declined 2.52%. Citigroup Inc. reissued a "buy" rating on shares of Union Pacific Corporation in a report on Thursday, March 30th.

Budget Mess May Interrupt Lottery Sales
Lucy Rushing, who works at the Four Way Quick Stop in DeSoto, says until recently, lottery tickets sales were popular. If they don't agree to a budget before Saturday, Illinois will enter a third straight fiscal year without a budget.

Analysts' Ratings Review: Lloyds Banking Group Plc (LYG)
Lloyds Banking Group PLC (LON: LLOY)'s stock had its "sell" rating reaffirmed by research analysts at Goldman Sachs Group, Inc. It dived, as 97 investors sold WMT shares while 540 reduced holdings. 116 funds opened positions while 395 raised stakes.

Analyst rated Sphere 3D Corp. (ANY) as Hold
The company's quick ratio for most recent quarter is 0.3 along with current ratio for most recent quarter of 0.5. EPS growth in next year is estimated to reach 37.90% while EPS growth estimate for this year is set at -10.60%.

Nationwide Fund Advisors Sells 941 Shares of Weight Watchers International Inc (WTW)
NY now owns 20,115 shares of the company's stock valued at $230,000 after buying an additional 2,475 shares in the last quarter. Moreover, D E Shaw & Com Incorporated has 0.02% invested in Weight Watchers International , Inc. (NYSE:WTW) for 102,740 shares.

DryShips Inc. (DRYS) Broker Price Targets For The Coming Week
DryShips Inc. (NASDAQ: DRYS)'s market cap, the total dollar value of all of their outstanding shares, is 6.91m. The same analysts are predicting that the company shares will trade to $588000.00 within the next 12-18 months.

Suncor Energy Inc. (SU) Stake Raised by Morgan Stanley
The expected SU's profit could reach $364.60M giving the stock 32.66 P/E in the case that $0.22 earnings per share is reported. The company has mean EPS estimate of 0.46 reported by 13 number of analyst for the quarter ending Current Qtr.(Jun2017).