Guess how big Facebook’s construction bill is for its Menlo Park office

It's already pushing $1 billion, and the tab is still running.

New York Weekend Edition /
May.May 19, 2018 04:41 PM

(Credit from left: Brian Solis, www.briansolis.com and bub.blicio.us.; antony_mayfield via Flickr)

Facebook’s latest record can be counted in work permits.

The company filed two work permits valued at around $300 million each in March bringing the total construction cost of its various works on its headquarters to about $1 billion, according to the San Jose Mercury News, which sets a new record for Menlo Park, where the social network is based.

The permits concern work being done at Facebook’s newly-built office complex designed by Frank Gehry, called MPK 20, which the company now occupies, specifically at its Building 22 project, which is a 465,000-square-foot, four-story building, according to the Mercury.

Earlier this year, Facebook was considering adding a new mixed-use development nearby its Menlo Park office with 1,500 apartments for both its employees and non-Facebook residents. The 59-acre community would feature all elements of essential city living. [San Jose Mercury News]Erin Hudson


Related Articles

arrow_forward_ios
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Prologis Chairman and CEO Hamid Moghadam (Getty, Prologis)
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Industrial space “effectively sold out” amid leasing frenzy, Prologis says
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Starwood raises $10B for distressed real estate plays
Aulder Capital CEO Jonah Bamberger and 162-164 East 82nd Street (Rosewood Realty Group, Slate Property Group)
Two Upper East Side apartment buildings head to foreclosure sale
Two Upper East Side apartment buildings head to foreclosure sale
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
Resurrection! Work resumes on stalled Clinton Hill residential project
CRE held up through the pandemic far better than most expected (iStock)
How commercial real estate survived the pandemic
How commercial real estate survived the pandemic
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
Harbor Group grabs $558M in financing for Black Rock purchase
arrow_forward_ios

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

Loading...