The NY Post reports:

Tech giant Apple has inked a 10-year deal with the MTA to open its largest store in the world in Grand Central Terminal.

The 23,000-square-foot store will take up Grand Central’s north and northeast balconies, displacing Charlie Palmer’s Metrazur restaurant, according to MTA documents.

Apple will initially pay rent of $800,000 a year, nearly half a million more than Metrazur paid.

The deal is expected to fly through the MTA finance committee on Monday and the agency’s board of directors Wednesday for a final OK.   At the end of the decade lease, the rent will move to more than $1M annually.  Apple will also pay to refurbish the space.

It is seriously entertaining watching Apple outdo itself time and time again.  Putting a half acre plus store in one of the World’s iconic train terminals is putting Apple without peer in either electronics or retail.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s