Apple's Austin campus takes shape

Feb 6, 2014
Austin Business Journal

Apple Inc.'s (Nasdaq: AAPL) expansion in Northwest Austin with the company's new Americas Operations Center is well underway, with a minimum of $27 million invested and two buildings that may be occupied


The Cupertino, Calif.-based technology company has been issued temporary certificates of occupancy for two buildings totaling 290,000 square feet. Another four buildings are in early stages of permitting review, totaling 513,000 square feet. Two parking garages are in the city's planning review process and two other buildings are planned, according to city officials


The company has invested at least $27.1 million in the design and construction of facilities at the site, according to a Jan. 8 report filed with the city's Small and Minority Business Resources department


In March 2012, Apple said it would invest at least $282 million and bring 3,635 jobs to Austin as it establishes its so-called Americas Operations Center. In exchange, Austin and the state's Texas Enterprise Fund offered the company about $30 million in total incentives over the period of the 10-year expansion


The deal was divided into two phases: in the first Apple was to invest $56.5 million to construct the new facilities, and in the second phase the technology company was to invest an additional $226 million for a further build out, according to the agreement. The first phase sets an end date as Dec 31, 2015, but doesn't include a regular timetable for the investment


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