Would you live in “Zucktown,” Facebook’s new city?

The 59-acre community, dubbed Willow Village, will have 1,500 apartments

New York Weekend Edition /
Mar.March 24, 2018 11:00 AM

Mark Zuckerberg in 2008. (Credit from front: Jason McELweenie, Official White House Photo by Lawrence Jackson)

Let’s face it; it’s Mark Zuckerberg’s world, and now we can make it Facebook official by moving in to the social networking giant’s custom-built city.

“It’s a good thing, right?” John Tenanes pondered to the New York Times. Tenanes is the vice president of real estate for Facebook and has been overseeing the development of the mixed-use community that includes offices, housing (225 of which will be offered at below-market rates), cultural centers, retail and all the other amenities essential to city living.

The plan went public last summer, and several other tech companies, like Google and its 10,000 new housing units close to its Mountain View campus, have similar plans for workers’ housing nearby their sprawling tech companies, as the Times reports.

But outsiders remain skeptical. For them, this is just another encroachment into surrounding neighborhoods, which has seen prices soar—the median cost of a home in Silicon Valley now $968,000, and could living in Willow Valley feel like constantly being at work?

“Facebook has the attitude that if you are really a good employee you will live, eat and sleep Facebook. That creates insularity, which is a big problem in Silicon Valley already,” author David Kirkpatrick said to the Times. There’s also the issue of the social network’s ongoing privacy scandal that, in one week, has cost Zuckerberg $10 billion, according to Time. [NYT]Erin Hudson


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
Bryan Cranston and his California beach house (Getty, Realtor)
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
“Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad
RE/MAX CEO Adam Contos (Facebook)
RE/MAX revenue ticks up in Q4 but profit sinks
RE/MAX revenue ticks up in Q4 but profit sinks
Meredith Marshall (Photo by Emily Assiran)
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
“We need more housing”: Q&A with BRP Companies’ Meredith Marshall
(iStock/Illustration by Kevin Rebong for The Real Deal)
State will use undercover testers to combat housing discrimination
State will use undercover testers to combat housing discrimination
Zillow COO Jeremy Wacksman (Zillow, iStock)
Zillow using Zestimate to streamline cash offers for some homes
Zillow using Zestimate to streamline cash offers for some homes
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...