The social network have announced plans to create their very own "mixed-use village" using part of their Menlo Park, California property. Their plan is to have 1,500 housing units, with 15 percent of them available at lower rates to help with the housing crisis in San Francisco.
They wrote in a post on the Facebook Community page: "We are now planning to redevelop the former Menlo Science & Technology Park which we intend to call Willow Campus.
"Working with the community, 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 center that provides long-needed community services. We plan to build 125,000 square feet of new retail space, including a grocery store, pharmacy and additional community-facing retail.
"The first official step will be the filing of our plan with Menlo Park in July 2017. We will begin more formal conversations with local government officials and community organizations over the course of the review process, which we expect to last approximately two years. We envision construction will follow in phases, with the first to include the grocery, retail, housing and office completed in early 2021, and subsequent phases will take two years each to complete."
Mark Zuckerberg and his team want to create a space that can "support" the community.
They added: "Our hope is to create a physical space that supports our community and builds on our existing programs. We've hosted tens of thousands of community members at farmers' markets and events, and partnered with nonprofits like Rebuilding Together Peninsula to rehabilitate local homes. We've also enrolled local high school students from East Palo Alto, Belle Haven and Redwood City in our six-week summer internship program.
"This is only the beginning. Going forward, we plan to continue to work closely with local leaders and community members to ensure Facebook's presence is a benefit to the community. It's one we're lucky to call home."