Austin has the highest tech job growth rate in the nation — and one powerful company is continuing its Silicon Hills domination.
The Austin American-Statesman reports that real estate sources have revealed Apple, Inc. has signed a lease for the entire Capital Ridge development in Southwest Austin. The seven-story building, which is currently under construction and scheduled to open in the second quarter of this year, is located at the corner of Capital of Texas Highway and Bee Caves Road. Apple has not commented on the Capital Ridge lease.
This news comes on the heels of Apple's purchase of Riata Crossing North in Northwest Austin just last month. For a cool $84 million, the tech giant snagged the four-building, 350,000-square-foot structure. Apple had already been leasing office space there.
Close by is Apple's Americas Operations Center, a massive 1 million-square-foot complex on Parmer Lane valued at $348 million. The entire project, which began in 2012, is expected to create 3,600 jobs when completed.
The massive operations center and satellite office spaces are an extension of Apple's headquarters in Cupertino, California. In addition to providing overflow space for Apple's main hub, Austin houses Apple's hardware development and support teams.