Apple Store coming to New York City's Grand Central later this year

Apple Store coming to New York City's Grand Central later this year

Summary: With Apple's move to Grand Central, the company will not only create its largest retail location, but the next giant headache for New York City commuters.

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TOPICS: Apple, Banking
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Apple will soon add another Apple Store location to its retail stable in New York City: Grand Central.

The Wall Street Journal reports that Apple has signed a decade-long deal with the Metropolitan Transportation Authority for a 23,000 square-foot space on Grand Central's east side. With the move, the Grand Central location will be Apple's largest - and what better place to put it?

Apple will pay $1.1 million a year for the space, a much higher price than the $200,000 the current tenant is paying. The store's construction should take around four months, and Apple intends to start building as soon as possible.

The one potential issue? Trying to get to work at Grand Central as hundreds of people line up for the latest iPhone. If any part about the deal should give the MTA - and New Yorkers - pause, that should be it.

Topics: Apple, Banking

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  • RE: Apple Store coming to New York City's Grand Central later this year

    "Apple will pay $1.1 million a year for the space, a much higher price than the $200,000 the current tenant is paying."

    FTR, this is not accurate. They are paying 1.1M for the Metrazur restaurant space as well as the entire adjoining balcony space, not the Metrazur space alone.
    DeusXMachina
    • RE: Apple Store coming to New York City's Grand Central later this year

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