Apple Store Grand Central closer to opening

Apple is beginning to prepare for the upcoming holiday shopping season by putting the final touches on several retail locations and reinventing the way their visitors buy Apple gear.  Most notable is opening up a flagship store in New York’s iconic Grand Central Station.  Why is Grand Central such a big deal, especially when there are already Apple Stores in New York in affluent neighborhoods?  Here are some quick facts on Grand Central:

  1. 750,000 people pass through Grand Central daily and over 1,000,000 people during the holidays
  2. Mean household income for Grand Central Terminal commuters is $95,800; 50% of household incomes are over $100,000, and 20% are over $200,000.
  3. The captive shopping population of more than 326,000 neighborhood office workers earn a combined $11.3 billion a year.
  4. An average 7,500 people an hour pass the corner of 42nd Street and Vanderbilt Avenue, making it one of the busiest intersections in the city.
  5. 21.6 million out-of-town tourists, with a mean income of $62,000, visit Grand Central each year.
  6. Grand Central is served by Metro-North commuter trains, 31 commuter and 15 city bus routes, 7 subway lines, buses to and from the area’s three airports, and two million taxis a year.
  7. Grand Central Terminal subway station is the busiest stop in the New York City subway system.

The future Grand Central Station Apple Store is progressing towards an end of November opening.  Future employees for the store have been going through their “Core” training for the past several weeks at a hotel in Times Square, Midtown Manhattan… Read more

Potential Apple store in London financial district threatened by “rights to light” laws

While Apple’s London Covent Garden and Regent Street stores have given the company a prominent presence in the city centre, a proposed development at 100 Cheapside in London’s uber-rich financial district may be threatened by neighbours claiming rights to sunlight.

ifoAppleStore got their hands on a rendering of the proposed development which would cover 87,000 square-feet of office space, and 13,000 square feet of ground floor retail space. A report from Reuters notes that Apple is currently interested in moving in. Judging by the mock up above, an Apple retail space would fit nicely in that large windowed, street-level storefront.

However, it looks like if Apple is really interested in making it happen they might have to throw some of those billions to appease neighbours and get the job done. Reuters reports: Read more

Renderings of Apple’s Grand Central Store look amazing! New details including Holiday launch and Shake Shack

As a Grand Central commuter into New York City, this whole Apple Store thing has been surreal.  The WSJ posts some renderings of what the store would look like and frankly, it is amazing.  The Store is so big and open that Apple will become part of Grand Central.

Think delicious free Apple Wifi for instance.

New details emerged today.  Should the Board approve Apple’s bid on Wednesday, Apple will begin construction immediately and it is estimated to only take 4 months to build out the new Store?!  So, theoretically it is open for the holidays.

Also, more information on the ouster:

Apple is paying Charlie Palmer’s Metrazur restaurant $5 million to vacate its space on the terminal’s east balcony more than eight years before its lease expires. The MTA will get significantly higher annual rent: $1.1 million from Apple vs. $263,997 from Metrazur.

In addition to the space currently occupied by Metrazur, Apple will move into an adjacent, currently vacant balcony on the northeast side of the terminal.

If that weren’t enough (and it is) the MTA announced that there was a Shake Shack going into Grand Central as well.

And if that weren’t enough, at today’s announcement the MTA piled it on the lowly Penn Station commuters like Dr. Macenstein: Read more

Wall St. Journal dusts off and trots out the Grand Central Apple Store rumor

In February, the New York Observer ran a story saying that Apple was eyeing a Grand Central Station New York Apple Store, which would be the borough’s 5th.

Reliable sources tell The Observer that the maker of ubiquitous iGadgets—from computers to cell phones—hopes to open a store in the transportation and retail hub, though it has yet to begin the long approval process necessary for opening in a city landmark.

Within days, other sites ran with that info, “confirmed” that a deal had been reached for “Apple’s largest retail space in the world”, saying an announcement was forthcoming and the store would open this Fall.

Read more