It is reported by the Silicon Valley Business Journal that the Cupertino-based company was able to pull off an agreement to build another spaceship campus in Sunnyvale, California. The technology company has decided to purchase Landbank Investments LLC’s planned Central & Wolfe campus which covers a total area of 777,000-square-feet at Central Expressway and Wolfe Road in Silicon Valley.
At the moment, the specifics of the deal are not known however there are numerous reports claiming that the contract has been completed and finalized. It’s being said that Apple has most likely leased, not purchased, the project.
The distance between the Sunnyvale plot and the Apple campus in Cupertino is about 5 miles. According to the currently proposed design, the Sunnyvale campus will include three connected main buildings with a central courtyard. It is said that the buildings will be encased in a “sweeping, curvilinear glass skin that appears to billow in and out.” It is expected that the new Sunnyvale campus will bring up to 3,000 new jobs to the area as well.
“We wanted something that was really different, lasting and interesting,” Jacobs said in 2013 when the project was first proposed. He declined to comment this week. The project was marketed by Steve Horton and Kelly Yoder of Cushman & Wakefield in partnership with Jeff Houston and Mike Charters of CBRE. But Landbank CEO Scott Jacobs bet that tech companies would be drawn to something different than the Valley’s usual building typology. The notion wasn’t without skeptics, but in the end Jacobs’ bet paid off.”
The technology giants have been seen expanding its presence at an insanely unbelievable fast pace, as recently the company purchased land in Monterey, San Jose, Reno and Oregan, not to mention its ongoing Campus 2 project which was announced by the late CEO Steve Jobs in 2006. The company started construction on its new 176-acre “Campus 2” in 2013. It is expected that around 1,200 of the Apple employees will be transferred to the facility when the project reaches its completion.