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Over the weekend, the Post confirmed that Apple will indeed be opening a store inside Grand Central. This news doesn't come as a huge surprise: The Times reported last week that Apple was close to signing a deal with the MTA. Now, though, it's official—well, almost. Explains the Post, "The transit agency will ask its financial committee to approve the deal Monday. If it passes as expected, the deal will go to the agency's board of directors Wednesday for a final OK."
At 23,000 square feet, the store will be Apple's largest. As earlier reports hinted, it will take over the home of Charlie Palmer's Metrazur restaurant in the north and northeast balconies. According to the Post, the terminal is charging Apple $800,000 a year for the space, which is almost half a million more than what Metrazur paid. The rent will jump to over $1 million once Apple's ten-year-lease expires.
· Apple's 'Grand' opening [NYP]
· Apple, Other Upscale Shops Push Out Grand Central's Older Tenants [Racked NY]
· The Grand Central Apple Store Rumor Returns from the Grave [Racked NY]