The new Apple Campus 2 was first revealed back in June 2011, and since then has been under development with an estimated budget of $3 billion to construct the new futuristic campus.
However, this week Bloomberg is reporting that the Apple Campus 2 is now behind schedule and over budget by 60 percent, which equates to around $2 billion in hard cash.
Design and Features of Apple Campus 2
The Apple Campus 2 is set in 176 acres and has been designed to accommodate more than 12,000 Apple employees once it is completed. The campus will have 2.8 million square feet to roam around, making it around 2/3 the size of the Pentagon. The design is often referred to as the “spaceship” due to its circular, futuristic architecture. The campus will feature a massive central courtyard, extensive green spaces, and state-of-the-art facilities, including a 1,000-seat auditorium for product launches and press events, a fitness center, and research and development facilities.
Bloomberg reports:
“Before his death, Jobs had hoped to break ground in 2012 and to move in by the end of 2015. Apple will start tearing down the 26 buildings on the site in June, according to another person familiar with the plan.”-“One reason for the new timetable, say three people who have spoken to Apple personnel about the project, is that the company has been working with lead architect Foster + Partners to cut $1 billion from the budget before proceeding”
Challenges and Delays
The ambitious project has faced several challenges and delays. One of the primary reasons for the delay is the complexity of the design and the high standards set by Apple. The company has been working closely with the renowned architectural firm Foster + Partners to ensure that every detail meets their vision. This meticulous attention to detail has contributed to the increased costs and extended timeline.
Additionally, the project has had to navigate various regulatory and environmental hurdles. The site, which was previously home to Hewlett-Packard’s offices, required significant demolition and preparation work before construction could begin. Apple has also committed to making the campus environmentally friendly, with plans for solar panels, natural ventilation, and extensive landscaping, which have added to the complexity and cost of the project.
Despite these challenges, the Apple Campus 2 is expected to be a landmark in corporate architecture and a testament to Apple’s commitment to innovation and sustainability. The campus will not only provide a state-of-the-art workspace for Apple’s employees but also serve as a symbol of the company’s forward-thinking approach and dedication to excellence.
For more information on the Apple Campus 2 report, jump over to the Bloomberg Business Week website for details.
Source: Bloomberg
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