Twitter officially moves into its new San Francisco digs

Summary:Twitter has finally moved its headquarters into its new San Francisco home, in hopes of revitalizing the mid-Market neighborhood.

Twitter is valued at around $8 billion dollars-- but does that kind of economic clout bring along with it the ability to revitalize a neighborhood? The social media giant recently relocated to a new home in the mid-market district of San Francisco, keeping the company in the city of its birth. However, in order to stay put (instead of moving abroad), the micro-blogging company received a payroll tax exemption from the city, valued at $22 million.

Their fancy new digs include a rooftop garden, skee-ball machines, a yoga room, and a cafeteria, dubbed The Birdfeeder, because what else would the cafeteria of Twitter be named?

Twitter is inspiring other technology firms to move to the area, including Dolby Laboratories, which announced the purchase of a $110 million piece of the building in June. This was the vision of building developer Shorestein Properties LLC who imagined Twitter as the tent-pole of gentrification in the area with hopes that other high tech firms would follow suit.

With the city and renovators working together the neighborhood could be a nest to incubate technology in the city. The more the city encourages development of this kind the further the city's reputation as a tech hub will grow, even if it's just 140 characters at a time.

More photos:

[Twisted Sifter]
Images: @Troy Holden, via Flickr.

This post was originally published on Smartplanet.com

Topics: Innovation

About

Beth Carter is a freelance journalist based in San Francisco. She has worked for Catalyst magazine, the New York Times Syndicate, BBC Travel and Wired. She holds degrees from the University of Oregon and New York University. Follow her on Twitter.

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.