Land Purchased By Apple For Expansion Of Austin Campus
Back in March, we reported that Apple would be pursuing a major expansion of its facilities in Austin. Now Apple will be spending over $300 million to add 3,600 more workers at a site adjacent to its current campus dedicated to customer support, sales, and accounting.
With the final approval of tax incentives for the project coming in early May, Apple has officially proceeded with its plans. According to the Austin Business Journal, Apple purchased three tracts of land on 21 June 2012 to provide a site for the project.
Records at the Travis County Clerk’s Office show that McShane Development Co. LLC, through its Riata Vista LP entity, sold three tracts of land to Apple on June 21. The exhibits indicate that the land is in the Milwood Section 20 subdivision near Parmer Lane and Delcour Drive.
The purchase price of the land is currently unknown. However, real estate records show that the land is indeed the 38.67 acres located between Apple’s current facilities and Parmer Lane. The vacant land is currently assessed at nearly $7.4 million.
Source: Mac Rumors