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Apple's Northwest campus continues growth plans with $279M in additional structures

(Apple)

Construction on additional structures for Apple’s Northwest Austin campus could start in February.


The August filings with the Texas Department of Licensing and Regulation are the latest glimpse at the campus that was announced in December 2018. The campus is expected to be 3 million square feet with 12 office and amenity buildings, parking garages and other facilities once it’s finished.

Plans on the three structures in the filings are estimated to total $279 million and are expected to reach completion by February 2025.

One of the planned structures is a $100 million five-level building. International firm HKS Architects, which opened an office in Austin earlier this year, is listed as the designer.

Another multi-story building also designed by HKS is expected to be 298,977 square feet and cost $118 million.

The last structure in the filing is a $61 million parking garage with nine levels and 3,500 spots for cars.

The initial phase of the tech giant’s campus could welcome 5,000 employees and maybe even reach 15,000 upon completion, Apple has said.

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(AUS airport/Instagram)

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
Shutterstock

Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.