Facebook leasing top three floors of new 100 Binney office building in Kendall Square
Facebook has reportedly leased the top three floors of the newly built 10-story 100 Binney office building in Kendall Square, amounting to 129,636 square feet. Facebook will open a new office at 100 Binney in 2018 with capacity for up to 650 employees. The company will hire more than 500 new employees, becoming one of Cambridge’s largest employers. Facebook currently occupies an 18,500-square-foot office at One Broadway in Kendall Square, with capacity for up to 150 employees.
Per a Boston Globe report, Facebook’s new office will focus on providing mobile and data center support to Facebook’s 2 billion users, as well as serve as a hub for machine learning. The office will also focus upon building more efficient networks with telecom companies and partnering with hardware manufacturers for new product development. A new Connectivity Lab striving to provide internet and technology access to the 4 billion people worldwide who lack internet access will also be located at the office.
Facebook will share 100 Binney with global biopharmaceutical company Bristol-Myers Squibb, who has leased approximately 208,000 square feet across floors one through five through at least 2030. A total of 300 employees will work at Bristol-Myers Squibb’s new office. Just floors six and seven remain for lease at 100 Binney, amounting to approximately 80,000 square feet. 100 Binney totals approximately 431,500 rentable square feet and is expected to be delivered in the fourth quarter of this year.