flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Projected cost for Apple's Campus 2 balloons to $5 billion

Projected cost for Apple's Campus 2 balloons to $5 billion

Ring-shaped Cupertino building would be 2.8 million square feet and would accommodate more than 12,000 workers.


By BD+C Staff | April 5, 2013
Courtesy Foster + Partners
Courtesy Foster + Partners

Campus 2, Apple Inc.'s proposed ring-shaped office facility in Cupertino, Calif., could cost $5 billion to build, according to a report by Bloomberg. Confidential souces told the publication that the budget has escalated since 2011, when a $3 billion price tag was predicted, and could reach more than $1,500/sf. The scale of the project has evolved over time; initally the building was only intended to accommodate 6,000 employees, vs. the current scope of 12,000 to 13,000.

Contributing to the high price is a design that calls for a façade incorporating 40-foot tall curved glass panes, imported from German firm Seele. The campus, created on land the company already owns, would be planted with 6,000 trees. In addition to the main building, the plan includes a corporate auditorium, fitness center, central plant, underground parking, and 300,000-sf research building.

The Building Team includes Foster + Partners as lead architect, and a joint venture of DPR Construction and Skanska USA Building as general contractor. A 2016 move-in date is projected, with demoliton of existing buildings on the site set to begin this summer.

Bloomberg quotes several shareholder sources who expressed trepidation about the cost of the project, in particular its innovative (and costly) use of curved glass. Apple execs say that Campus 2—part of the late Steve Jobs' dream for the company—will go forward. Apple will also continue to use its "Infinite Loop" headquarters, home to 2,800 employees.

The roof of the main building will hold 70,000 sf of solar panels, a key to the project's net-zero energy design. Other sustainable features will include high-efficiency fans, advanced daylighting, intensive plantings, and sustainable wood. Prefabricated, modular construction is anticipated as a key construction strategy.

(http://www.bloomberg.com/news/2013-04-04/apple-new-campus-cost-seen-jumping-to-5-billion-tech-correct-.html)

Related Stories

Student Housing | Apr 19, 2024

$115 million Cal State Long Beach student housing project will add 424 beds

A new $115 million project recently broke ground at California State University, Long Beach (CSULB) that will add housing for 424 students at below-market rates. The 108,000 sf La Playa Residence Hall, funded by the State of California’s Higher Education Student Housing Grant Program, will consist of three five-story structures connected by bridges.

Construction Costs | Apr 18, 2024

New download: BD+C's April 2024 Market Intelligence Report

Building Design+Construction's monthly Market Intelligence Report offers a snapshot of the health of the U.S. building construction industry, including the commercial, multifamily, institutional, and industrial building sectors. This report tracks the latest metrics related to construction spending, demand for design services, contractor backlogs, and material price trends.

MFPRO+ New Projects | Apr 16, 2024

Marvel-designed Gowanus Green will offer 955 affordable rental units in Brooklyn

The community consists of approximately 955 units of 100% affordable housing, 28,000 sf of neighborhood service retail and community space, a site for a new public school, and a new 1.5-acre public park.

Construction Costs | Apr 16, 2024

How the new prevailing wage calculation will impact construction labor costs

Looking ahead to 2024 and beyond, two pivotal changes in federal construction labor dynamics are likely to exacerbate increasing construction labor costs, according to Gordian's Samuel Giffin.

Healthcare Facilities | Apr 16, 2024

Mexico’s ‘premier private academic health center’ under design

The design and construction contract for what is envisioned to be “the premier private academic health center in Mexico and Latin America” was recently awarded to The Beck Group. The TecSalud Health Sciences Campus will be located at Tec De Monterrey’s flagship healthcare facility, Zambrano Hellion Hospital, in Monterrey, Mexico.

Market Data | Apr 16, 2024

The average U.S. contractor has 8.2 months worth of construction work in the pipeline, as of March 2024

Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.2 months in March from 8.1 months in February, according to an ABC member survey conducted March 20 to April 3. The reading is down 0.5 months from March 2023.

Laboratories | Apr 15, 2024

HGA unveils plans to transform an abandoned rock quarry into a new research and innovation campus

In the coastal town of Manchester-by-the-Sea, Mass., an abandoned rock quarry will be transformed into a new research and innovation campus designed by HGA. The campus will reuse and upcycle the granite left onsite. The project for Cell Signaling Technology (CST), a life sciences technology company, will turn an environmentally depleted site into a net-zero laboratory campus, with building electrification and onsite renewables.

Codes and Standards | Apr 12, 2024

ICC eliminates building electrification provisions from 2024 update

The International Code Council stripped out provisions from the 2024 update to the International Energy Conservation Code (IECC) that would have included beefed up circuitry for hooking up electric appliances and car chargers.

Urban Planning | Apr 12, 2024

Popular Denver e-bike voucher program aids carbon reduction goals

Denver’s e-bike voucher program that helps citizens pay for e-bikes, a component of the city’s carbon reduction plan, has proven extremely popular with residents. Earlier this year, Denver’s effort to get residents to swap some motor vehicle trips for bike trips ran out of vouchers in less than 10 minutes after the program opened to online applications.

Laboratories | Apr 12, 2024

Life science construction completions will peak this year, then drop off substantially

There will be a record amount of construction completions in the U.S. life science market in 2024, followed by a dramatic drop in 2025, according to CBRE. In 2024, 21.3 million sf of life science space will be completed in the 13 largest U.S. markets. That’s up from 13.9 million sf last year and 5.6 million sf in 2022.

boombox1
boombox2
native1

More In Category


Urban Planning

Bridging the gap: How early architect involvement can revolutionize a city’s capital improvement plans

Capital Improvement Plans (CIPs) typically span three to five years and outline future city projects and their costs. While they set the stage, the design and construction of these projects often extend beyond the CIP window, leading to a disconnect between the initial budget and evolving project scope. This can result in financial shortfalls, forcing cities to cut back on critical project features.



Libraries

Reasons to reinvent the Midcentury academic library

DLR Group's Interior Design Leader Gretchen Holy, Assoc. IIDA, shares the idea that a designer's responsibility to embrace a library’s history, respect its past, and create an environment that will serve student populations for the next 100 years.

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021