Apple may be preparing to move into the historic Broadway Trade Center in downtown Los Angeles according to the latest rumor from ifo Apple Store. The company has reportedly leased the building for use as office space as well as a retail outlet.

Additionally, the report claims that some of that office space will be dedicated to the recently acquired Beats by Dre, which took up residence in a brand new Culver City facility earlier this summer.

The five-story structure was built in 1908 and boasts 1.1 million square feet of floor space. Apple would be a prime candidate for the space as the city continues a ten-year initiative to “Bring Back Broadway” by reviving the dormant theaters and other businesses in the area, including “more than a million square feet of vacant commercial space,” according to the commission’s website.

Artist render of the "Bringing Back Broadway" commission's goal

Artist render of the “Bringing Back Broadway” commission’s goal

While Apple executives have been reported as pushing to expand its retail presence around the world lately, there has also been a big effort to increase the company’s corporate footprint in recent months, with expansions into Seattle, Boston, and Cambridge, each focusing on a key product or service.

There’s no word yet on how long it will take Apple to move into the space.

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