Apple Begins Construction of $1 Billion Parmer Lane Campus in Austin

Apple will begin construction of its second phase of the Parmer Lane campus in Austin, Texas, next month. This phase, dubbed Capstone Phase Two AC09, will be a four-story building totaling 203,941 square feet and will be completed in March 2025 at a cost of $120 million. Additionally, plans have been filed for a five-story facility, which will measure 368,726 square feet and will cost approximately $100 million. The project is estimated to be worth $1 billion and will accommodate up to 15,000 employees in total. HKS Architects has been tapped to design the buildings. The campus, which was initially developed for engineering, R&D, operations, finance, sales, and customer support, will span three million square feet when completed.