The New York Post is reporting that Apple is expanding its New York Office space. Apple has signed a lease for 45,000 square feet of space in a Fifth Avenue office building in New York City near Union Square. As reported, this larger space will be used for iAd team and new business projects.

Apple already leased a 10,000 square-foot chunk of the Kaufman building back in January for the iAd group, and now it is taking a bigger chunk of the building for its first executive office in NYC.

Apple will use the space to launch new business projects. The office will look and feel like the retail stores with an all-white lobby, sleek elevators and LED lights.