Apple is hard at working building its “spaceship” campus in Cupertino ahead of a 2016 move away from 1 Infinite Loop in 2016, and according to a new report, it just closed a deal to take on a second building in Sunnyvale, California.
“Sources with knowledge of the transaction confirmed to me that the deal is completed,” reports Nathan Donato-Weinstein of Silicon Valley Business Journal. “Terms of the deal couldn’t immediately be learned, but I’m led to believe that Apple has leased, not purchased, the project.”
Much like Apple’s new campus, the Sunnyvale building is set to be round, and will offer enough space for around 3,000 workers. It’s unclear when construction will start, but it’s likely to be a number of years before the building is ready for Apple workers.
This deal is more evidence of Apple’s incredible growth. In addition to Apple Campus 2 in Cupertino, the company has also been investing in other land throughout Sunnyvale, and more recently in San Jose, where it has spent $166 million on almost 70 acres.
It’s thought Apple’s expansion is tied to plans to expand into new product categories. The company is rumored to be working on an electric Apple Car, which could be available to consumers in 2019, according to recent reports.
Apple’s Sunnyvale campus will “dramatically alter” the area, Donato-Weinstein adds. It is currently dominated by single-story industrial buildings, so a giant spaceship-like campus will have no trouble standing out.