Apple is planning a $1B campus in Austin

The company will also have new offices in Seattle and San Diego

TRD NATIONAL /
Dec.December 13, 2018 10:30 AM

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


Related Articles

arrow_forward_ios
Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

Cadre founder Ryan Williams and Allen Smith

Cadre brings on former Four Seasons CEO as president

AKS Capital Partners Managing Partners Aaron Appel and Walker & Dunlop CEO Willy Walker

Walker & Dunlop acquires Aaron Appel’s AKS Capital Partners

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

As the years go by_A look back at 17 years of real estate history

A look back at 17 years of real estate history

11 Penn Plaza and Apple CEO Tim Cook (Credit: Vornado, Getty Images)

Apple is in talks for a lease at Vornado’s 11 Penn Plaza

250th Issue

The Real Deal celebrates 250 issues

Neir’s Tavern (Credit: Google Maps)

City’s oldest bar, of “Goodfellas” fame, gets last-minute lifeline

arrow_forward_ios
Loading...