Virtual reality may not have taken off quite yet, but it's coming. And so is Oculus Rift.
The company has leased 51,000 square feet of space in the Stadium Innovation Center in Seattle's Sodo neighborhood, according to a report by the Daily Journal of Commerce.
Oculus Rift was acquired by Facebook several years ago. Facebook has a sizable Seattle office and is growing so much it is moving into a larger space in South Lake Union.
The Oculus lease means the Stadium Innovation Center at 1531 Utah Ave. S. is now completely full, according to the DJC. American Life, which has leveraged the EB-5 Immigrant Investor program for many of its projects, owns the building.
Legal claims administrator Garden City Group Inc. leased the top floor of the six-story building several years ago.
Virtual reality companies have a growing presence in the Puget Sound region. Microsoft has entered the field with its HoloLens system, and video game-maker Valve is also getting in on this newly emerging industry, which some see as the next big tech opportunity. The arrival of Oculus Rift, which was one of the first to get into virtual reality, could help solidify Seattle's place in this emerging market.
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.