REReno has just told us that Apple just applied for permits for 4 additional “data cluster buildings” on their campus near Mustang.  And this time the are going large.  Reverse engineering from the permit fees, the base building construction cost of these 4 buildings is $18.2M and the tenant improvement costs are $28.7M.  with the site prep permit, the value is nearly $50,000,000 (and permit valuation is always drastically under permit cost).  The equipment cost is probably at least equal to the construction cost. HERE is Apple’s permit log since they bought the property, including the world’s most expensive detached bathroom. Read the Full Article