Apple Purchases "N1" Development Site in North San Jose!!!

It looks like Apple is doubling down on San Jose even before they move into the 290,000 SQFT of office they leased at 101Tech. Doubling down would be putting it lightly since this time around they are not renting... they are buying.

Apple is purchasing the entire development site for the N1 Office Campus off of First Street and Component Drive in North San Jose! The $138 million deal will buy them 43 acres ripe for an epic project. 1.8 million SQFT of office was already planned for the site, with a grand total of 2.8 million SQFT entitled. That theoretically means that Apple could build the same amount of office space in San Jose as their new spaceship in Cupertino.

Nathan Donato-Weinstein from the SVBJ even got an official statement from Apple:

"As we continue to grow, we're planning to build R&D facilities and some additional office space in San Jose," spokeswoman Rachel Wolf said in an emailed statement. "The property isn't far from the future home of our new campus and we're looking forward to expanding our presence in the Bay Area."

If this purchase isn't a huge vote of confidence for the San Jose market, I don't know what is! I just hope that Apple will opt for an iconic office design now that they own the land.

Sources: SVBJ, SocketSite

n1: North First Campus

This is easily the most impressive office project that is underway right now in Silicon Valley. n1 consists of 1.8 million square feet of office space, tons of outdoor spaces, new cafes, and impressive athletic facilities (check out those rooftop tennis courts in the second to last photo). The entire development is off of North 1st with Component Drive bisecting the project and providing access to parking. There will be a new street called campus way that looks almost like a little downtown street and connects all of the main entrances to each buildings and hopefully some retail. You can see this in the fifth photo. Everything is within a 10min walk to lightrail, providing easy access to Downtown and other companies on First St., Tasman, etc.

For a campus-style project, this is exceptional design and I can't wait to see who the tenants are going to be.