David Streitfeld, New York Times:

He leans over a scale model of the 59-acre site, which is named Willow Village. “There will be housing there,” he points. “There will be a retail street along here, with a grocery store and a drugstore. That round building in the corner? Maybe a cultural center.”

The “he” in this quote is Facebook’s VP of Real Estate, John Tenanes.

Willow Village will be wedged between the Menlo Park neighborhood of Belle Haven and the city of East Palo Alto, both heavily Hispanic communities that are among Silicon Valley’s poorest. Facebook is planning 1,500 apartments, and has agreed with Menlo Park to offer 225 of them at below-market rates. The most likely tenants of the full-price units are Facebook employees, who already receive a five-figure bonus if they live near the office.

And then there’s Google:

The search company plans a 600,000-square-foot office building with a roof that melts up into soft peaks, kind of like a meringue. It will have stores, cafes, gardens and even a space for theatrical performances, as well as a place for consumers to test-drive new Google technology.

They’re calling them Zucktown and Alphabet City. This the future of tech?