Apple has paused development on its promised $552 million campus in Research Triangle Park, the company told The News & Observer on Monday, as it seeks to push back its construction timeline in North Carolina.
In a statement Monday, Apple said it is still “looking forward to developing our new campus in the coming years” and noted it has added around 600 positions in the Raleigh area since April 2021, when the company first announced its North Carolina campus.
Apple has asked the state to extend the timeline of its incentive deal by four years. If granted, the company will not receive state incentive benefits during this time.
Three years ago, Apple committed to invest at least a half-billion dollars to build a new campus on the Wake County side of RTP by the end of 2031. No construction has begun.
Site plans filed last summer showed the campus would include three office buildings, three accessory buildings and a parking garage —totaling nearly 900,000 square feet on either side of N.C. 540.
While the company has more than six years to complete its campus, its hiring clock began last year with an obligation to have added at least 126 local workers. This jobs target increases to 378 total positions by the end of 2024.
In a statement Monday, Gov. Roy Cooper expressed confidence in Apple’s future in the Triangle.
“I have spoken with officials at Apple, and they emphasized their commitment to build this transformative campus here in North Carolina,” he said in a statement.
The Triangle Business Journal first reported on Apple’s planned pause Monday.
The company will only benefit from North Carolina’s job development investment grant — worth up to $845 million in payroll tax benefits through the year 2061 — if it reaches certain annual hiring and investment targets.
For now, Apple leases office space at the MetLife campus in Cary. The tech giant has also purchased a four-story, 139,000-square-foot building in Durham, near the RDU airport, according to multiple sources familiar with that site.
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