Facebook Plans to Open a New Office in Cambridge's Kendall Square

The office would also mean an additional 500 jobs for the company

Facebook plans to open a new office in Cambridge's Kendall Square next year, hiring more than 500 new employees.

According to the Boston Globe, the company currently has more than 100 people in a Kendall Square office, but the space is becoming more crowded.

The new office will take over the top three floors of 100 Binney St., a new building that is scheduled to open in early 2018.

Facebook will share the space with Bristol-Myers Squibb's 300 employees.

The Cambridge office will be the center for Facebook's "machine-learning efforts" as well as the location of a new "Connectivity Lab" which will focus on delivering internet access to those nationwide who currently live without it.

Ryan Mack, Facebook Boston Site Lead released a statement that said, "We have secured a lease for 100 Binney Street from Alexandria Real Estate Equities, Inc. to expand our engineering presence in the Boston area as part of our continued commitment to investing in the Boston technology community. We're delighted to be here and excited for what the future holds."

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