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Facebook paid $88 million this year to build out its Seattle area Oculus hub

Posted On: Jul 12, 2018   |   Posted By: TechCrunch

Facebook paid $88 million this year to build out its Seattle area Oculus hub

Facebook continues to expand its VR ambitions in the Pacific Northwest. The company has been quietly growing its footprint 16 miles East of Seattle, in Microsoft's backyard.
A new analysis by real estate resource BuildZoom sheds additional light on the Menlo Park-based company's efforts to build a satellite virtual reality HQ in and around Seattle. Over the last three years, Facebook has spent $106 million on construction and development permits for Oculus offices in Redmond.
In 2018 alone, Facebook spent $88.3 million on Oculus -related permits for as many as eight new offices in the area. BuildZoom's analysis identifies five properties in particular, all on Willow Road in Redmond, that span more than 90,000 square feet of lab and office space. Those locations are 10545 Willows Rd., 10785 Willows Rd., 9805 Willows Rd., 9845 Willows Rd. and 9461 Willow Road.
Last November, Seattle-based news site GeekWire reported that Facebook was on the hunt for 200,000 square feet worth of R&D space in Redmond, to expand...

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