Google to Buy 300 Modular Apartments for Employees
"[Google] is finalizing an order to buy 300 apartment units from Factory OS, a modular-home startup, in a building likely to serve as short-term housing for Google (GOOGL) employees, according to executives from both companies." Laura Kusisto writes for The Wall Street Journal. Modular or prefab homes are built in factories, then shipped in pieces to be assembled on site. Rather than building a wall brick-by-brick on site with all the logistical work that entails, prefabricated homes aim to save by regularizing the process and completing construction in one place.
"As Silicon Valley battles its severe housing shortage, tech companies are becoming more active in trying to help solve the problem. Facebook Inc. (FB) has pledged to plan and design 1,500 units in Menlo Park, of which 15% will be classified as affordable housing," Kusisto reports. Amazon's new Seattle Headquarters will include a homeless shelter, but Apple's HQ is a notable exception to this trend.