Apple’s Spaceship Campus Has Almost Landed

Mock-up of Apple's New CampusFans of Apple (NASDAQ:AAPL) architecture can breathe a little easier. Apple’s long-awaited Campus 2 building project, also known as the “spaceship” headquarters, was recently approved by Cupertino’s planning commission, reports CNET. This clears the way for a preliminary city council vote on October 15, before a final vote on May 19.

The Apple Campus 2 gained the “spaceship” moniker due to the unusual ring-shaped design of its main office building that will feature curved windows and polished concrete floors. According to the project’s description, the new campus will accommodate over 14,000 employees and will include nearby amenities like a restaurant and fitness center.

The Apple Campus 2 project was originally announced in 2011 by Steve Jobs, who predicted it would be “the best office building in the world.” Foster + Partners, the same design firm that constructed Apple’s recently opened Stanford 2 store, is also leading the Apple Campus 2 project.

Although the project was originally slated for completion in 2015, it now appears that the first phase won’t be finished until 2016. According to insider sources via Bloomberg Businessweek, “the budget for Apple’s Campus 2 has ballooned from less than $3 billion to nearly $5 billion” since it was originally announced.

Although some residents raised concerns about traffic congestion at the recent planning commission meeting, it appears that Apple’s careful cultivation of local community support is paying off. Apple solicited feedback from the community with a mailer earlier this year and issued a report that showed the new campus would provide $56.5 million in annual property taxes, including $2.9 million to the city of Cupertino every year.

Here’s how Apple traded on Friday.

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