Apple Inc. plans to build a $1 billion office campus in North Austin, not far from where it already has a major corporate hub.
The company announced at 2 a.m. local time Dec. 13 that the new 133-acre facility will be able to handle about 5,000 employees when it opens, and could grow to house up to 15,000.
Apple (Nasdaq: AAPL) — which said it already employs about 6,200 people in Central Texas, the most outside the headquarters in Cupertino, Calif. — expects this move to make it the largest private employer in the region.
The Apple campus will be about 3 million square feet, with 2 million square feet dedicated to office space and research and development, Kristina Raspe, the company’s vice president of real estate, said at a Dec. 13 press conference. The other 1 million square feet will be for ancillary space.
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