Apple Expands Its Footprint in North San Jose with New Tech Campus

San Jose continues to solidify its role as a hub for innovation with Apple's latest move into North San Jose. The tech giant has started occupying a building at 2509 Orchard Parkway, where several hundred team members are already at work. Apple is preparing to fill another nearby structure at 2325 Orchard Parkway starting in February. Together, these spaces span nearly 500,000 square feet, blending office and lab environments to fuel research and development.

This development highlights Apple's commitment to the core of Silicon Valley, enhancing San Jose's landscape with facilities designed for collaboration and creativity. The buildings sit prominently near the junction of Highway 101 and 87 in the Golden Triangle, making them a visible symbol of the city's growing tech presence. As Apple invests in these sites, it positions San Jose to attract even more talent and dollars to the area.

Beyond the immediate impact, Apple's actions reflect a strategic approach to real estate in the South Bay. The company has spent over $1.1 billion on properties in Santa Clara County in recent months, including discussions for additional spaces in Sunnyvale.

Source: The Mercury News

PG&E Partnership Fuels San Jose Data Center Boom and Job Surge

San Jose has forged a powerful alliance with PG&E to strengthen the city's electrical grid and meet the soaring energy demands from data centers. This collaboration positions San Jose as the West Coast's leading hub for data centers, with PG&E committing to upgrades that support 2,000 megawatts of new power demand. Such enhancements will triple the city's energy capacity, drawing in global companies eager to invest in a reliable infrastructure. This move highlights San Jose's proactive stance in fostering technological advancement and economic vitality.

The partnership includes a substantial $2.6 billion investment from PG&E into existing and new infrastructure projects. These efforts will enable immediate access to 250 megawatts of power for developers, accelerating construction and operations. One standout initiative is the Westbank net-zero community in Downtown San Jose, which integrates three data centers with over 4,000 residential units. This project features a heat-capture system that reduces energy costs for nearby residents and promotes low-carbon heating for environmental gains.

Beyond infrastructure, the deal promises significant employment opportunities, with projections of nearly 200,000 new jobs, primarily in construction. These positions will bolster the local workforce and contribute to broader prosperity. PG&E anticipates that the increased demand from data centers could lower monthly electricity bills for customers by 1% to 2% per gigawatt supplied, making energy slightly more affordable while generating tax revenue for city services.

Source: SVBJ