“Apple is retreating from a planned retail store in the Flatiron District to focus on a larger location in the General Motors Building, sources said,” Suzanne Kapner reports for The New York Post. “Apple had signed a lease for a 2,500-square-foot space at 136 Fifth Avenue, between 18th and 19th Streets, but has since put the lease up for disposition, according to a source. Apple has decided to instead focus on a 20,000-square-foot store under construction in the General Motors Building at Fifth Avenue, between 57th and 58th streets. The site will be Apple’s second Manhattan location — the company opened a store in the city’s trendy SoHo district in July 2002.”
“‘Maybe bigger is better for Apple,’ said Faith Consolo, who heads up retail leasing and sales at Prudential Douglas Elliman… Another Apple store opened yesterday in the Staten Island Mall,” Kapner reports.
Full article here.
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