Apple, Capital One, Boeing Plan To Share A Kendall Square Tower
Greater Boston has won another big tech consolation prize.
A week after Apple announced it was opening a $1B, 133-acre campus in Austin, the company has revealed plans for a smaller expansion in Cambridge. Apple signed a letter of intent to lease a floor at a new office building MIT is developing at 314 Main St. in Kendall Square, the Boston Globe reports. The company stated last week it planned to bring “hundreds” of jobs to Boston as part of its national expansion.
Apple has an 11,500 SF office at One Broadway in Kendall, and its presence at 314 Main St. would be smaller than other tech companies in the area.
Amazon, despite its decision to not locate HQ2 in Boston, has offices in municipalities across the state and is planning to expand in the Seaport by as many as 4,000 jobs. Google is expected to be the tenant of a planned 18-story building being developed by Boston Properties across the street from 314 Main St.
Capital One is expected to join Apple after the bank holding company agreed to lease three floors at 314 Main St. Boeing has already committed to a four-floor, 100K SF office in the building. Five floors are still available.