The company that invented the iPhone, iPad and iMac has a new mantra for Austin office space: iBuild.
Apple filed plans to build a five-story, 215,500-square-foot building core and shell at its Parmer Lane campus in Austin. Work is scheduled to begin in September and run through March 2025, according to filings with the Texas Department of Licensing and Regulation. The firm estimates the project, dubbed AC07, will cost $120 million, the same price tag it attached to filings last week for a separate, 200,000-square-foot building called AC09.
The tech firm appears to be moving into a renewed phase of construction at the campus, which has been under construction since 2019. On top of the two recent filings, Apple moved in September to complete a $46 million buildout in one of the structures, and just before the year ended, it filed to build 33,000 square feet of space in the 133-acre office park.
All projects were designed by Dallas-based HKS Architects.
All told, Apple plans to build 3 million square feet of offices on Parmer Lane, with room for up to 15,000 employees. Like its other large office parks in Cupertino and Culver City, Apple incorporated greenspace into its plans, adding a 50-acre, public nature preserve.
Apple has been a major player in Austin for a decade. Since 2013, the firm has manufactured its Mac Pro device in the city, and with 7,000 workers in the area, Apple ranks as Austin’s seventh-largest employer, according to the Austin Business Journal.
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The decision to forge ahead on office construction alleviates some existing concern that Austin’s commercial real estate market, with its reliance on tech companies, will be hit hard by the recent slowdown in the sector. Fears mounted in November, when Facebook’s parent company Meta backed out of plans to occupy 589,000 square feet of office space at Sixth and Guadalupe. That’s not to say everything is aces: Apple has reportedly frozen most hiring this year, potentially through September.
Apple did not respond to a request for comment.