Follow by Email

Monday, July 25, 2011

"First Glimpse of Apple’s Plans for Grand Central Terminal"

"First Glimpse of Apple’s Plans for Grand Central Terminal"

"Metropolitan Transportation Authority officials offered a glimpse Monday morning at the Apple store proposed for the train station, near the terminal’s east staircase. Apple plans to start building the gadget shop immediately, should the agency’s board give its approval Wednesday. Construction is expected to take about four months.
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."

No comments:

Post a Comment