Aerial pictures confirm that Apple Inc. (NASDAQ:AAPL) is in the process of getting its Campus 2 ready, which is said to be more or less like a spaceship. Ron Cervi of KCBS news shared a photograph showing that the old buildings on the proposed site have been demolished to pave way for the new Apple building.
Apple quick with construction work
It seems like Apple Inc. (NASDAQ:AAPL) is speeding up to get the building completed as soon as possible. The company was quick to get the construction work started as soon as it got approval for the project in November.
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Last year in December there were street photographs taken showing number of buildings at the site, but the next pictures taken in February showed that major portions of the buildings had been demolished. The sidewalks are closed, and a green privacy fence has been erected.
The iPhone maker’s second campus will be near its Infinite Loop campus. In the first phase of construction, a much talked-about 2.8 million square foot ring-shaped building will be constructed with an underground parking facility which could accommodate 2,400 cars.
Other facilities within the building are a 100,000 square foot fitness center and a 120,000 square foot auditorium. In the second phase of the construction, there will be an additional 600,000 square feet worth of office and research and development buildings.
Apple Inc. (NASDAQ:AAPL) hopes to finish the first phase of the Campus 2 construction by 2016.
Acquiring more properties
Apple Inc. (NASDAQ:AAPL) is showing keen interest in taking massive commercial real estate in Silicon Valley. The company is taking around 250,000 square feet of additional office / R&D space in Sunnyvale on lease, according to various industry sources. The iPhone maker has acquired more and more space since its business has surged over the past few years.
According to reports, Apple Inc. (NASDAQ:AAPL) is leasing approximately 200,000 square feet in several buildings at Sunnyvale Crossing, a 290,000 square foot complex of seven buildings near the intersection of N. Wolfe Road and Central Expressway.
On April 23, a profit of $11.62 per share from Apple Inc. (NASDAQ:AAPL) took analysts by surprise, and revenue came in at $45.65 billion, which was also above the expectations. It was Apple’s strongest non-holiday quarter ever.