Apple inks 10-year deal for world’s largest Apple Retail Store in Grand Central Terminal

“Tech giant Apple has inked a 10-year deal with the MTA to open its largest store in the world in Grand Central Terminal,” Jennifer Fermino reports for The NY Post.

“The 23,000-square-foot store will take up Grand Central’s north and northeast balconies, displacing Charlie Palmer’s Metrazur restaurant, according to MTA documents,” Fermino reports. “The MTA is estimating that the deal will bring it a minimum of $5 million in profits.”

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Fermino reports, “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.”

Read more in the full article here.

MacDailyNews Take: I give [Apple] two years before they’re turning out the lights on a very painful and expensive mistake.David Goldstein, Channel Marketing Corp. President, commenting on Apple’s opening of retail stores, May 21, 2001

Related articles:
RUMOR: Apple backs out of rumored Grand Central Terminal retail store – March 19, 2011
Apple to construct most massive Retail Store yet in Grand Central Terminal – February 17, 2011
Apple targets Manhattan for fifth Apple Retail Store, evaluating Grand Central Terminal – February 8, 2011

25 Comments

  1. MTA could also invite tenders for carts in carriages selling vista 7 DVDs (400 million copies sold) to keep up with high demand. The Microsoft Store cart coming to a train near you. I can’t think of any other products they might offer though. Aside from perhaps chilli dogs and MS office 32-bit home and student edition.

  2. Makes a great deal of sense. Rather than trying to open mini-stores in all those upscale communities along the Hudson, (Tarrytown, etc.) customers can take the train right into Grand Central and shop without going out in the streets of Manhattan. Besides, think of all those people who have a 15 minute wait for the next train and think: “I think I’ll buy a laptop while I’m here.”

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