Apple Reportedly ‘Seals Deal’ on on 777000 Square Foot Landmark Campus

Apple’s growing pipeline of products may be too small to fit into its existing offices. It’s also in addition to Apple Campus 2.0, which is under construction now in Cupertino. Jacob said at the October 2014 city council meeting approving the project that the campus could be completed as early as March 2017.

Amazon is banning Google’s Chromecast and Apple TV from its store: Most observers saw the move as an attempt by the Seattle-based retailer to advance its stake in the increasingly competitive world of digital streaming and sell its own Fire TV set-top box and plug-in stick. 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 financial and technical terms of the deal were not disclosed, but Apple will lease the project instead of purchasing it, sources added. It’s unknown when it could start construction. The 18-acre Landbank campus approved past year will transform nine buildings from the 60s and 70s into a striking structure that seems quite Apple-like.

The report underscores Apple’s tremendous recent expansion in the Valley. The deal – believed to be a lease rather than purchase – could provide room for as many as 3,000 workers, BizJournals reported. The company already confirmed that it is developing an Apple auto in partnership with several vehicle makers.

Apple’s appetite for new office space is seemingly never-ending.

Landbank did not respond to a request seeking comment.