Apple Purchases Land for Expansion of Austin Campus
With the final approval of tax incentives for the project coming in early May, Apple has officially begun moving forward with its plans. According to the Austin Business Journal, Apple purchased three tracts of land on June 21 to provide a site for the project.
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 21. The exhibits indicate that the land is in the Milwood Section 20 subdivision near Parmer Lane and Delcour Drive.While the purchase price of the land is currently unknown, real estate records show that the land is indeed the 38.67 acres located between Apple's current facilities and Parmer Lane. The vacant land is currently assessed at nearly $7.4 million.