According to a new report from LA Business Journal, Apple is in the process of securing real estate space for a new store in Los Angeles. The store will reportedly be located at the historic Tower Theatre in downtown Los Angeles, which could help revitalize the area’s retail business as a whole.
The Apple Store would be located at 800 S. Broadway, although specific details regarding the size of the store are still unclear. Additionally, it’s unknown how much Apple is paying for this retail space. Currently, there is over 250,000-square-feet of vacant retail space on Broadway between First Street and Olympic Boulevard, so Apple likely isn’t paying an extraordinary amount of money for the space.
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