Facebook has unveiled plans to build its own California ‘village’ complete with social housing, retail stores and a hotel, according to the Silicon Valley Business Journal.
It will be located in a corporate campus at Menlo Park, California which Facebook bought in 2015 for roughly $400m (£309m). There are also plans to build 1,500 new homes at the development which is opposite the social media giant’s headquarters.
It will primarily be for the use and dwelling of Facebook’s employees, who mostly live near the campus.
In a blogpost, Facebook wrote: “Our goal for the Willow Campus is to create an integrated, mixed-use village that will provide much needed services, housing and transit solutions as well as office space.
“Part of our vision is to create a neighborhood centre that provides long-needed community services.”
The review process of the development is expected to last two years with “grocery, retail, housing and office completed in early 2021”. The post went on the say that “subsequent phases will take two years each to complete”.
The plans have not yet been approved and is expected to take roughly a decade to complete.