Facebook's real estate dealings are a constant feature of news headlines of late. Fresh off the opening of the Gehry building in Menlo Park, also known as the "west campus" and "MPK20" and "that cool building at 1 Facebook Way," the social media company has now submitted a proposal for the 59 acres it bought from TE Connectivity in 2014.
Located on Constitution Drive near the corner of Chilco Street and Bayfront Expressway, the redeveloped site would have 985,719 square feet of office space in two new buildings, for a net increase of 149,881 square feet; public open space; and a pedestrian-bike bridge over the Bayfront Expressway, under the current proposal.
Facebook is also considering construction of a 200-room, 120,000-square-foot hotel at the corner of Chilco Street and the Bayfront Expressway, according to the city on April 4.
Gehry Partners, the firm founded by world-famous architect Frank Gehry, is also designing this campus, which is expected to resemble MPK20 in look and feel.
Redevelopment of the TE site has already started -- Facebook received a permit in December to convert a 185,000-square-foot warehouse and distribution building on the site to an office building with employee amenities such as a cafe and fitness center.
Construction would be done in phases. The next step in the process is an environmental impact review.
Menlo Park will also have some negotiating to do, as Facebook will need to provide affordable housing in exchange for development permits, whether by paying in-lieu fees, building units or some combination of the two.