Last time we checked Apple’s plans to bring 3,600 jobs to Austin, Texas with a $304 million investment and the construction of a new campus, the company received approval on the last of several major incentives from city officials. The approval officially initiated an Economic Development Agreement between Apple and the city, but the project was still not 100 percent confirmed.
Reports originally said Apple would build the new campus on 38 acres at West Parmer Lane and Delcour Drive, and today’s report from AustinBusinessJournal confirmed Apple recently purchased land near the address:
Records at the Travis County Clerk’s Office show that McShane Development Co. LLC, through its Riata Vista LP entity, sold three tracts of land to Apple on June 20. The exhibits indicate that the land is in the Milwood Section 20 subdivision near Parmer Lane and Delcour Drive.
The report did not offer any information about how much Apple paid for the land, but the purchase is a good indication Apple is going ahead with its new Austin campus. According to AustinBusinessJournal, McShane CEO James McShane released a press release yesterday on its new vice president who helped make the deal with Apple:
“His knowledge and skillful execution of the recent sale of the Riata Vista business park to one of the world’s largest technology companies affirmed his ability to navigate through the myriad of complexities to execute a transaction of this size and caliber,” McShane said.
Apple will receive roughly $37 million incentives over 10 years from various sections of government in Texas, and Travis County officials were considering in March an extra $6 million in real estate incentives. Previous reports indicated construction would begin later this year on the new campus that will house mostly administrative and support employees.