Apple bought two big pieces of property totaling to 16.3 acres in north San Jose on Friday where they aim to develop a new campus.
With a combined assessed value exceeding $61 million, according to Santa Clara County property records, the Cupertino-based company’s new land sits near the corner of Orchard Parkway and Atmel Way and can fit an 85-acre campus, The Mercury News reports.
"Our understanding in working very closely with Apple regarding north San Jose was that there wasn’t exact clarity when development would happen but that development would happen," Nanci Klein, San Jose’s deputy manager for economic development told The Mercury News.
City officials have kept a close eye on Apple since the opening of their Sunnyvale campus and the leasing of San Jose space and were not surprised the tech giant was ready to settle in San Jose.
"Apple’s interest and commitment regarding north San Jose development has always been seen as solid," Klein told The Mercury News. "This latest deal supports that conversation."