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Kylli Inc. has obtained construction financing for Burlingame Point, a new 803,000-square-foot office campus that is fully leased to Facebook Inc. for occupancy by Oculus, Facebook's virtual reality company.
River South is an office development totaling 360,860 square feet with 37,000-square-foot average floorplates to accommodate high-density users, five levels of subterranean parking and a fitness studio.
The two-story facility is located at the corner of Maple Street and Avenue A, just east of the Business Leadership Building, and will be approximately 36,400 gross square feet with seating to accommodate 700 guests.
Demand is not only from e-commerce, but also for oil patch and construction firms seeking to serve the growing 16 million population within 200 miles of Houston as well as the global energy industry.
Gov. Andrew Cuomo announced today that ON Semiconductor has committed to invest more than $720 million over 10 years at the East Fishkill facility to establish its first 300mm chip manufacturing plant.