Facebook's Oculus Files For $106M In Construction, Development Permits In Redmond
Oculus has filed for $106M worth of building permits in the Redmond area since 2015, with the bulk of those this year. The company, which is owned by Facebook, has filed $88.5M worth of permits since January.
The surge in permit requests corresponds to Mark Zuckerberg's October announcement that he wants to get 1 billion virtual reality users. Oculus VR is a virtual reality company that was purchased by Facebook in March 2014 for $3B.
The permit information was compiled by BuildZoom, a contractor referral firm.
The majority of the Redmond permits are for property on Willows Road NE. Two are for property on 148th Avenue NE and one was for a 95th Street address. The majority of the construction projects are for the development of office and laboratory space.
