In the News
November 06, 2015
Apple tries to develop property in north San Jose
San Francisco Gate
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Apple has an ambitious plan to expand in the Bay Area, working with the city of San Jose to develop up to 4.15 million square feet of space in the next 15 years.
The Cupertino company wants to build on property located west of Orchard Parkway on both sides of Atmel Way and east of Orchard Parkway on both sides of Component Drive, according to San Jose's city permits website. The land parcels are not contiguous and fall in a commercial zone in north San Jose, not far from Mineta San Jose Airport.
The move comes as Apple has been snapping up properties in the Bay Area. In Cupertino, the iPhone maker accounts for roughly 70 percent of the city's office, research and development space.
"San Jose is a stone's throw from Cupertino," said Dave Vanoncini, a partner at commercial real estate firm Kidder Mathews. "They are out of room in Cupertino to do something of this scale. There is no space or land there where they could develop like this."
The development agreement is still being drafted and will be considered by the Planning Commission next month, said Cheryl Wessling, a public information manager for the city's Planning, Building and Code Enforcement Department.
A description of the proposed agreement on the permits website says the project will create benefits like jobs for residents, "a stronger municipal tax base," "provision of a water well site to serve the North San Jose area," among other aspects.
Apple declined to comment.
"We're looking forward to working with Apple," said city spokesman David Vossbrink. "We're delighted they are interested in developing in our city."