Published on May 12th, 2016 | by Glenn Meyers0
Facebook Spends $269 Million On Headquarters
According to Jack Cookson, a research analyst at BuildZoom, his company’s business specialty involves collecting all building permits from around the country, a daunting venture which sometimes reveals interesting results on companies like Facebook.
A search recently led company researchers to Facebook’s headquarters in Menlo Park, writes Cookson, “…and we couldn’t resist investigating what has been up to.”
Here is what BuildZoom discovered:
“Facebook is going green. There were a total of 8 permits directly related to solar energy, totaling $8,105,261. The largest project was a $4.4 million project to put 1.4 MW of solar canopies in the parking area, and other projects put smaller amounts of solar on 6 different rooftops. In total, we estimate that Facebook has over 5 MW of solar panels – enough to power 1,250 typical California homes.”
Kudos to this social media pioneer, from all of us at GBE!
BuildZoom reports as follows: “It was about a year ago that Facebook moved into its new headquarters. Although the company is known for leaving its offices unfinished to represent the work that has yet to be done, it looks like construction is slowing down.”
As you might guess, the folks at BuildZoom love new buildings, especially those designed by Frank Gehry. Last month, our quest to collect all the building permits around the country finally led us to Menlo Park and we couldn’t resist looking into what Facebook has been up to.
While it pales in comparison to the $5 billion estimated for Apple’s new campus, the $269 million permit estimated price tag is nothing to balk at. The primary permit alone for 1 Facebook Way, designed by Gehry to fit all employees in the same room, was $177 million.
In fact, this is the most expensive permit filed in the history of Menlo Park. (Number two was the $65+ million spent on the Rosewood Hotel at 2825 Sand Hill Road).
Thanks to BuildZoom for providing this background info. Having available a solid database of building information is sometimes exactly what the doctor ordered.
Images via BuildZoom« Florida Town Aims To Be Greenest Community In America Urban Green Space Helps Fight Crime »