The Real Deal New York

Apple is planning a $1B campus in Austin

The company will also have new offices in Seattle and San Diego
December 13, 2018 10:30AM

Tim Cook and the Texas State Capitol (Credit: iphonedigital via Flickr and Wikipedia)

Apple is planting its flag in Austin, with plans for a new $1 billion corporate campus.

The company said the move could eventually create 15,000 jobs at the 133-acre development, the Wall Street Journal reported. Apple already has two offices in the city — and will initially hire 5,000 workers.

The tech giant is also planning new offices in Seattle, San Diego and Culver City. It is poised to add more than 1,000 employees to each location. And, over the next three years, Apple said it will add hundreds of jobs in cities including New York, Boston and Portland, Oregon.

Earlier this year, Apple said it would invest $30 billion in capital spending in the U.S. over five years, the report said. The plan to create more than 20,000 jobs included a new campus and $10 billion toward data centers across the country.

Apple’s announcement follows Amazon’s selection of Long Island City and Arlington, Virginia for its two new campuses. The company has similarly touted job creation — and the news is expected to drive up property values and encourage further development.

In November, The Real Deal reported that venture capital-backed WeWork was close to buying a massive development site in Austin from Frank McCourt’s McCourt Global. [WSJ] — Meenal Vamburkar