Having spent a day at Atlassian's office in SOMA when contracting for them recently, if this sort of setup is done right (with the additional caveat of having an energetic staff) the effect is positively electrifying. The "Costco purchases" jab is overly broad, because this office had very nice motorized standing desks for everybody. Also, the complex was large enough that you could escape into some personal space without feeling like you were hiding.

On the other hand, Gannett attempted a setup like this, except it was out of cheapness (they wanted to lease office space in their Tysons HQ) and was carried out mindlessly. They mixed developers with technical support, managers, etc. thoughtlessly. And they installed "white noise" machines which made matters worse. Working in that place was almost impossible and I quit after a month.