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Facebook Announces Plans to Build Company Town

July 17, 2017

Via: FindLaw

The availability and affordability of housing in Silicon Valley has been making national headlines for several years now. Suburban California towns like, Palo Alto and Mountain View, with not much more to offer than proximity to work and the California sun (sorry Stanford, you’re a little boring), have seen rents increase beyond those in New York City.

In response to the decreased supply, and increased cost, of housing in Menlo Park, where Facebook is headquartered, the social media giant has announced plans to build a residential village, with housing, shops, transit and more.

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