Facebook's Luxury Housing Complex Is a Great Way to Never Leave Work Facebook is building a 394-unit luxury housing complex within walking distance of its Menlo Park headquarters. But would you want to live with your coworkers?

By Brian Patrick Eha

Opinions expressed by Entrepreneur contributors are their own.

pureinfotech.com

Imagine working long hours in Silicon Valley day after day, only to go home and find your coworkers waiting for you.

If that sounds like a nightmare to you, don't feel bad; you aren't the only one. But if it sounds instead like an exciting way to build camaraderie and continue brainstorming with colleagues long after closing time, then Facebook has just the thing: a new housing complex within walking distance of its California headquarters.

Facebook is working with St. Anton Partners, a San Francisco-based real-estate developer, to create a 394-unit luxury apartment community in Menlo Park, complete with its own sports bar, gym facilities and bicycle repair shop. Demolition is scheduled to begin later this month, with the property ready to accept tenants in the fall of 2015.

Related: Starting Up Under One Roof: A Look at Residential Incubators

It has long been understood that tech giants such as Facebook and Google provide attractive perks -- from free food in the company cafeteria to foosball tables and fitness equipment -- not only to attract talented employees but to keep those employees at the office, where they will, presumably, do work. Anton Menlo, the $120 million housing complex, looks like the ultimate extension of this logic.

"Anton Menlo has everything the young professional could want to complement their busy lifestyle," said Keith Labus, an architect with KTGY Group, the firm that designed the complex, in a news release.

Facebook's 56-acre campus itself is filled with amenities designed to make life easier for employees. There are coffee and sweet shops, laundry service and movie nights.

One thing that sets the Anton Menlo complex apart is that its units will be open to everyone, not just Facebook employees. In fact, only 15 units will be set aside for Facebook employees, The Wall Street Journal reports. Another 15 will be offered at below market rate, with rent control, as part of an agreement with the city to provide affordable housing. The rest will be up for grabs.

"Providing new housing opportunities for employees working in the area will allow people to live where they work and to spend more time enjoying this great city," Peter Ohtaki, mayor of Menlo Park, said in the release.

Would you consider living in the same housing complex as a bunch of your coworkers? Why or why not? Let us know in the comments below, or tweet at us @EntMagazine.

Related: 3 Bad Mistakes Good People Make on Facebook

Brian Patrick Eha is a freelance journalist and former assistant editor at Entrepreneur.com. He is writing a book about the global phenomenon of Bitcoin for Portfolio, an imprint of Penguin Random House. It will be published in 2015.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Innovation

4 Ways Market Leaders Use Innovation to Foster Business Growth

Forward-thinkers constantly strive to diversify and streamline their products and services, turning novelties into commodities desired by many.

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Side Hustle

'Hustling Since Middle School': She Started a Side Hustle on Facebook Marketplace — Then a 'Game-Changer' Grew It to $25,000 a Month

Leena Pettigrew's "entrepreneurial spirit" inspired her to build a business with earnings that outpaced her full-time income.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.