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Facebook is branching out into the real estate market. They are
investing in a 394 unit apartment complex that's a 45 minute walk to its new Menlo Park campus.
The $120 million Anton Menlo will be designed by architects at KTGY Group in a partnership with St. Anton Developers. It will have studios, and one, two and three bedroom apartments on a 10-acre site.
According to KTGY's Keith Labus, the "resort inspired" complex will have everything a young professional could want to complement their busy lifestyle. There's a pool, a rooftop deck, communal kitchen, bodega, bar, bike repair shop, yoga room, dog day care and a pet spa.
While they are not known officially as The Facebook Apartments, they are part of a new wave of factory towns made by corporations looking to build attractive housing for employees while also improving the community surrounding their headquarters.
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Companies like IKEA and Tesco are already building neighborhoods in the UK and Google also invested in an apartment complex near its Mountain View headquarters.