Apple Plans 282K SF Office in Cupertino

Apple is planning to build a new office building that would replace an older office at that site in Cupertino, as part of an ongoing commitment to expansions and its foothold in Silicon Valley.

The tech giant is planning to develop a four-story office building encompassing 282K SF on a 7.9-acre site at the corner of Vallco Parkway and North Tantau Avenue next to Interstate 280, according to documents on file with Cupertino city planners, Silicon Valley News reported.

Apple will be replacing an existing building that totals 141K SF, according to the project proposal filing. The new development would include 2,300K SF of retail or restaurant space.

Currently, the project site, located at 19191 Vallco Parkway in Cupertino, is occupied by Apple as part of its Vallco Parkway Campus.

At present, the building could 700 workers; the offices in the new building could potentially provide enough space to double that to 1,400 workers.

Apple is one of the few tech giants in Silicon Valley with firm plans to expand its office footprint in the area.  Apple has been purchasing office and research sites in multiple locations in Santa Clara County.

Last summer, Apple made its first property acquisition in San Diego, a $445M purchase of the 67.5-acre Rancho Vista Corporate Center, an eight-building complex encompassing 817K SF in the city’s Rancho Bernardo submarket.

The deal, reported by the San Diego Union-Tribune, enlarges Apple’s office footprint in San Diego to more than 1M SF and will help facilitate the tech giant’s plan to increase its workforce in the city to 5,000.

Apple inked two office leases in San Diego, including 53K of space at the Rancho Vista Corporate Center, located on West Bernardo Drive, and the entire footprint of a 95K building known as The Point at 16765 West Bernardo Drive.

The iPhone maker signed leases in two buildings totaling 165K SF in the University Town Center submarket of San Diego.

Apple signed a 92K SF lease at La Jolla Reserve, an office campus at 4401, 4435 and 4445 Eastgate Mall, a 300K complex owned by The Irvine Company. Apple also took a 73K SF lease for space in a 13-story office building owned by American Assets Trust located at 4704 and 4747 Executive Drive at La Jolla Commons.

Now that it has acquired a large office complex in Rancho Bernardo, a master-planned community, analysts suggested that the company may consolidate its workforce at the Rancho Vista complex.

Apple has been rapidly expanding its footprint across California. In June, the tech giant signed a lease for a newly built office campus in Sunnyvale, CA, bringing the tech giant’s footprint in that city to more than 800K SF.

Apple’s leases in Sunnyvale secured both buildings of developer and owner Jay Paul Co.’s new Mathilda Commons office complex, which features two four-story Class A buildings encompassing 382,500 SF.

Apple occupies two other buildings, owned by Kilroy Realty and totaling about 425,000 SF in Sunnyvale, also on North Matilda Ave. The Kilroy buildings and the new Mathilda Commons complex are about eight miles from Apple’s new HQ in Cupertino, CA.

Before the pandemic began, Apple committed to invest $430M in the US over the next five years, creating more than 20,000 jobs.