Apple Purchases Massive 43-Acre Development Site in North San Jose

[MacRumors]

Shortly after leasing a 300,000 square foot campus in North San Jose, Apple has expanded on its real estate holdings in the area, buying a 43-acre development site at 2347 North First Street for more than $138 million.

According to the Silicon Valley Business Journal, the site, which consists of undeveloped land, is approved for up to 2.8 million square feet of office space, much like Apple's Campus 2 location in Cupertino. Apple has not submitted building plans for the site, and it is unclear what the company plans to do with the land.

Map showing land bought by Apple and other available real estate in the same North San Jose area​

Apple is expanding rapidly in the Bay Area. In addition to the second Cupertino campus and the 300,000 square feet of space leased in San Jose in July, the company made its first real estate lease in San Francisco last week, signing a deal for 76,000 square feet of office space.

Along with office space, Apple is also said to be seeking additional space for both industrial purposes and research and development, possibly for undisclosed projects like its Apple Car.

What's interesting in the latest transaction is that Apple opted to buy, not lease. It's possible Apple wants more control over whatever it does there, and simply felt more comfortable owning the land. In addition to office space, Apple has been in the market for broad swaths of heavy R&D and industrial space, industry observers tell me. The latter could be read as a tantalizing sign of Apple's interest in manufacturing, though such a possibility is for now market speculation.

The land that Apple purchased in North San Jose is located approximately 12 miles from its 1 Infinite Loop campus in Cupertino and is across the freeway from the Mineta San Jose International Airport. North First Street is already home to other major companies like Cisco and Samsung.

Update August 4, 5:57 AM: Apple has given a statement to Silicon Valley Business Journal regarding its general plans for the site.

"As we continue to grow, we're planning to build R&D facilities and some additional office space in San Jose," spokeswoman Rachel Wolf said in an emailed statement. "The property isn't far from the future home of our new campus and we're looking forward to expanding our presence in the Bay Area."

Article Link: Apple Purchases Massive 43-Acre Development Site in North San Jose

 

[AngerDanger]

Apple has not submitted building plans for the site, and it is unclear what the company plans to do with the land.

My guess is that this will be Tim's field to stand in the middle of and yell for hours at a time to vent his frustration over Thunderstrike 2.

 

[Sloppy.Joe]

I guess Apple is doing well after all. What a surprise...

 

[BeefCake 15]

They'll hang a big banner saying "Samsung Sucks" in the direction of their building

 

[EyeTack]

I'm surprised there was any land left in San Jose to purchase...

 

[Oblivious.Robot]

And kids that's the reason why we can't have 32Gb as a iPhone/iPad standard.

 

[IceManNCSU]

I can tell you what WONT be there, a US Manufacturing facility!

 

[Alumeenium]

We get a Buggy OS, 8GB iPhones, yet another Power Supply connector, a stupid Watch, and they are busy buying up real estate?!?!?

PRIORITIES ?!

 

[skellener]

They need someplace to start manufacturing the iCar.

 

[2457282]

It's time to unveil Apple's next disruption - Real Estate Investment Trust (REIT).
(Having purchased three houses in my life and refinanced them several times each, I can say that Real Estate is the one thing that still lives on paper and killing trees.)


More probable would of course be another development center.

 

[Rogifan]

We get a Buggy OS, 8GB iPhones, yet another Power Supply connector, a stupid Watch, and they are busy buying up real estate?!?!?

PRIORITIES ?!

Who's forced to buy 8GB phones?

 

[OriginalMacRat]

I can tell you what WONT be there, a US Manufacturing facility!

Of course not. Apple doesn't own any manufacturing facilities anywhere.

 

[smithy12]

We get a Buggy OS, 8GB iPhones, yet another Power Supply connector, a stupid Watch, and they are busy buying up real estate?!?!?

PRIORITIES ?!

Yeah and the reason behind all this we keep throwing money at them......maybe we should hold onto our hard earned cash a little longer then maybe Apple will do something

 

[mazz0]

I have it on good authority they're building a racing circuit for their wireless cars.

 

[NMBob]

They do know that the SF area is a large earthquake certainty area, right?

 

[gsmornot]

I can tell you what WONT be there, a US Manufacturing facility!

Maybe they want a first batch facility to curb some/many of the leaks from China. A facility that will allow them to prototype and build initial batches in secret before sending the plans overseas for bulk build.

 

[mazz0]

They'll hang a big banner saying "Samsung Sucks" in the direction of their building

Isn't it more likely Samgsung will buy an identically shaped piece of land, put up a bunch of prefab building, and then make adverts about how rubbish Apple's land is?

 

[T'hain Esh Kelch]

Obama sanctified iWindmill farm ready in 2020.

(The park was torn down again in 2021 after several of them bend over. Sir Ivy was quoted for saying "The wind blew from the wrong direction. No one could have anticipated that".)

 

[unplugme71]

And yet people are still complaining they can't find a job in the US.

 

[japanime]

Coming soon to San Jose: AppleLand — the world's first theme park for computer enthusiasts!

 

[TWSS37]

So Samsung already has offices on this street? Copiers.

 

[Rocketman]

Now is the time to pounce and the neighboring properties sell to Apple as well at a premium price they will not see again for decades.

Goodbye Orchard Parkway. Hello Spaceship, 200 acre BORG cube. Private tunnel to the airport.

A view from every surface and a bunch of secret stuff in the windowless center.

 

[5105973]

Goodbye, Nature!

At least they won't be building a mega church. Where I live, when beautiful acreage gets bought up, a mega church goes up. I could go on a rant about what that does to local infrastructure, but this is not the time or place.

Hmm...I do suppose they could make HQ for a new Apple cult, though. If they give me enough free stuff in exchange for converting people over to wearing the Apple Watch, I'd join. Excuse me while I go perfect my blank stare and eerie smile.

 

[Benjamin Frost]

I think this is either for Apple Car factories or it's a private running track so that Sir Jonathan can make himself even thinner.

 

[Benjamin Frost]

I have it on good authority they're building a racing circuit for their wireless cars.

I haven't seen any wired cars in the wild.

You'd need a pretty long cable for that round the world trip...