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Apple planning store in Grand Central (pics included)

The MTA has showed off a rendering of the proposed Apple Store in Grand Central, which is expected to be approved today.

If approved, Apple will begin building immediately and have construction completed by December.



Apple bought out the space currently rented by Charlie Palmer’s Metrazur restaurant for $5 million, ensuring Palmer breaks his lease 8 years early.

The MTA says Apple will pay $1.1 million rent per year, a significantly higher amount than Metrazur which was paying $263,997.

Besides the space in the east balcony, Apple will take the vacant, adjacent balcony, as well. Overall, the company will occupy 23,000 square feet, making Grand Central its 3rd largest store.

Finally, the Authority also noted that popular hamburger joint Shake Shack would be moving into Grand Central, says the WSJ.




Written by: Andre Yoskowitz @ 26 Jul 2011 13:20

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• 4 comments

• Hyasuma

  u fancy huh?
  

  26.7.2011 16:41 #1

• KillerBug

  Nice new diggs...they must make a fortune on every device sold to justify a place like that.
  

  
  

  26.7.2011 23:19 #2

• DVDBack23

  Originally posted by KillerBug: Nice new diggs...they must make a fortune on every device sold to justify a place like that. They are expected to bring in $500 million revenue in the first year alone from the new store. The average salary of someone walking through Grand Central during rush hour is $100k+
  

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  27.7.2011 00:16 #3

• KillerBug

  Originally posted by DVDBack23: The average salary of someone walking through Grand Central during rush hour is $100k+ The only problem is that $90K of that goes to their 1-room efficiency apartment.
  

  
  

  27.7.2011 05:38 #4