Apple And Landbank Investments Sign Deal To Build Another 'Spaceship' Campus

Posted: Oct 2 2015, 4:53am CDT | by , Updated: Oct 2 2015, 5:05am CDT, in News | Apple


Apple and Landbank Investments Sign Deal to Build Another Spaceship Campus

Expansion and growth are key indicators of a successful company. While old tech companies are cutting jobs and filing bankruptcies, Apple is beating its targets and expanding its portfolio of products, from TVs to electric cars. Apple's growing pipeline of products may be too small to fit into its existing offices.

So it makes sense for the iPhone maker to build another spaceship-like campus in Sunnyvale. Apple has yet to finish its first giant campus. According to the Silicon Valley Business Journal, Apple has signed a deal with Landbank Investments LLC to establish a  second 777,000-square-foot campus at Central Expressway and Wolfe Road in Sunnyvale, California.

The deal was first reported last month, but insider sources confirmed that the negotiations have been completed. The financial and technical terms of the deal were not disclosed, but Apple will lease the project instead of purchasing it, sources added. It's also unclear when will the construction start.

The new campus, reportedly approved by Apple last year, is expected to boost the economy in this part of Sunnyvale, which is the home to numerous industrial and R&D facilities. The new project also highlights Apple's massive expansion. Most recently, the world's most valuable company bought and leased land in San Jose, where a $300 million project is expected to rise. 

The new campus could be the home to Apple's electric car business and other projects. The company already confirmed that it is developing an Apple car in partnership with several car makers.

Interestingly, the new campus already has its own website at marketing pun that describes the spaceship-like architecture of Apple's campuses. Apple and Landbank Investments did not comment on the report. Check out the amazing photos of the planned campus in the gallery.

Source: Silicon Valley Business Journal

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The Author

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.




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