Two-story Apple Retail store may be coming to Philadelphia

“A building formerly occupied by Borders Books & Music in Center City was sold for $15 million,” The Philadelphia Business Journal reports. “The two-story site, with 22,000 square feet of retail space at 1727 Walnut St., was acquired by Midwood Property, a New York real estate company with other retail properties on the same block, said Larry Steinberg of Michael Salove Co., which brokered the deal.”

The Philadelphia Business Journal reports., “Potential clients, Steinberg said, include the Pennsylvania Liquor Control Board, which is considering opening a high-end wine and spirits store; Apple Computers; Sephora, a high-end cosmetics shop with another area location at the King of Prussia Mall; and apparel retailer Ann Taylor, now at 1713 Walnut St. This would be an additional site for Ann Taylor. If leases are signed, both the LCB store and Apple would have two-story stores within the existing site.”

Full article here.

MacDailyNews Note: Apple currently has two retail stores in operation in Pennsylvania: the Apple Store King of Prussia in King of Prussia and the Apple Store Pittsburgh in Shadyside. The full list of Apple Retail stores is here.

Related MacDailyNews articles:
UBS Analyst: Retail traffic appears to be ‘extraordinary’ for Apple – February 16, 2005
Analyst: Apple’s retail outlets will be critical in selling Mac minis to Windows users – January 20, 2005
RUMOR: Apple to open 40 new retail stores in 2005 – November 08, 2004

19 Comments

  1. That would be great. I live in Philly. The only Apple store in the area is a relatively cramped one out in a suburban mall. The downtown site they’re considering is across the street from Rittenhouse Square, full of rich people with lots of disposable income. Apple would do well there. Please let it be true!

  2. It’d be about time Apple paid attention to Philadelphia…the philly area is ripe with printers and creative folks…most of who use Apple products. There’s a store in King of Prussia and another in Marlton NJ…but the City is sorely lacking a convenient store location…I do believe Philadelphia is still a major market city…so I wonder why it’s taken them so long to get there…if they go at all?

  3. In Britain, you ride a lift between storeys.

    However, since the building in question is in Philadelphia, Pennsylvania, U.S.A., I believe they’ll be riding an elevator to go from story to story.

  4. Don’t forget there’s already an all-apple retailer in Philly, SpringBoard Media. They’re at
    2212 Walnut St. Philadelphia, PA 19103
    Ph 215.988.7777
    Toll free 888.988.7717

    They’ve always done right by me, and have really helpful staff.

  5. Yank

    Nearly right. We take a lift, like we take a Tube or a bus.

    Riding is for horses and motorbikes ” width=”19″ height=”19″ alt=”grin” style=”border:0;” />

  6. Does this mean the certain death of Bundy and Springboard? Does Apple have to buy out their dealers when they move in to town? I’d hope they can hang in there with their loyal local customers and Apple pick up some newbies – maybe that be good for all involved. Or not? What’s happened in similar situations around the country?

  7. Yeah, I know what you mean about Bundy and Springboard. Back when dinosaurs walked the earth, I bought my Apple IIe at Bundy. Even though I’m an Apple zealot and want the new store to go in, I always hate it when independent mom-and-pop stores end up as roadkill. Well, if they do get either bought out or just muscled out, I hope the staff can migrate over to the Apple store.

  8. First, Philadelphia already has a dealer–Springboard–that offers better service than the Apple Store. When my iBook G3 screen was dying, the “genius” at the Apple Store told me it was still “in spec.” Springboard, on the other hand, reprinted my repair history for me and prepped me a little for talking to Apple–which coughed up a replacement iBook G4 thanks to Springboard’s work. On the other hand, they close at six so even though I work in Philly I usually can get in there only by coming down on the weekend.

    Second, Philly has the most retarded business tax structure in the U.S., and national chains always hold off on opening stores/restaurants in Philly until after they’re built out in the other major cities.

    To explain: Philly has the following business taxes:

    1) A business privilege tax. You pay it for the privilege of doing business in Philly. You pay it based on gross receipts–in other words, based on how much business you do rather than how much money the business makes. Even if your business bleeds cash–which most businesses or new stores do when they open–you have to pay the tax on your receipts. In fact, if all you do is collect money for someone else which you then pass on, you are still taxed–something newspaper delivery people found out when the City sued them for the subscription money they collected and handed to the paper.

    2) A use and occupancy tax. This is based on the square footage you use. It is charged on every floor–in other words, if you have a store on the first floor and just use the second floor for storage you pay double the use and occupancy tax. Even if all you do is stick busted equipment or a couple of boxes on the second floor you have to pay the tax as though you were fully using the space. The only way to stop from getting inspected and socked with extra tax is to physically block off the floor. That’s why in Philly you see a lot of buildings where the street level floor is good shape and the floors above look abandoned–they are.

    3) A business income tax. If you actually find a way to make a profit in Philly, you will then be taxed on that profit, on top of the tax you paid on your receipts.

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