Date: Tuesday, December 8th, 2015, 06:31
Category: Finance, News
The Apple real estate expansion journey headed north with Apple apparently preparing to transform a large warehouse at its Elk Grove campus in Sacramento, California into a logistics center, a move that city officials estimate could generate several thousand new jobs.
The current word is that Apple will invest $13 million in the project, thereby turning a 134,000 square foot space into a logistics center.
The exact details as to the building’s specific function for the Elk Grove campus has yet to be disclosed, but side notes include amenities such as massage and exercise rooms a yoga studio, medical and dental facilities, and more.
Elk Grove’s economic development director Darrell Doan said Apple pulled permits to add 1,450 parking spaces to its existing allotment, a sign that an expansion is imminent. Current tallies put the total number of employees on site at about 2,500.
Apple is apparently also working with the city of Sacramento to extend bus lines to the location, thereby easing traffic congestion.
Apple first established a base of operations in Elk Grove in 1994. The area is known for housing Apple’s last American manufacturing center before CEO Tim Cook, then Apple’s supply chain chief, closed the factory in 2004.
As of 2011, Apple had three warehouses totaling 450,000 square feet at its Elk Grove property, split between receiving, warehousing and logistics. The campus is also thought to house a call center.
Stay tuned for additional details as they become available.