Facebook may be rapidly expanding its footprint across the Bay Area, but a new report shows the social media giant is still highly focused on — and invested in — its hometown of Menlo Park.
In recent years, Facebook has filed building permits valued at more than $1 billion in the small Peninsula city, according to an analysis by Kelsey Graeber of BuildZoom, a San Francisco-based startup that tracks building permits to connect property owners with contractors.
“Menlo Park has been our home since 2011 and we’ll continue to be a responsible corporate citizen as we grow in this community,” John Tenanes, the company’s vice president of global facilities and real estate told Silicon Valley Business Journal in a statement on Tuesday.
Facebook declined to confirm specific dollar amounts for the campus, often referred to as its “West Campus,” and it’s worth noting that building permits are not an exact science.
The values on the publicly available permits are companies’ best estimate early on of what a given project will cost, and often fall below what is actually spent on a building. The permits generally do not include costs for items like small change orders, furniture or some fixtures for instance.