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.”

  3. Guys, the biggest store is the Online store!!!!

    I just wanted to say I just ordered ….

    13-inch MacBook Pro
    Available: 1 – 3 business days
    Receive it: 2 Aug – 4 Aug by Standard Shipping
    Part number: Z0LY
    Configuration
    2.3GHz Dual-core Intel Core i5
    4GB 1333MHz DDR3 SDRAM — 2x2GB
    500GB Serial ATA Drive @ 5400 rpm
    SuperDrive 8x (DVD±R DL/DVD±RW/CD-RW)
    Backlit Keyboard (English) & User’s Guide

    as an education buy for my kid.

  4. The weird thing is, that restaurant is just a big balcony. Makes sense for a restaurant, you just close the stairs… nobody is going to sneak up and cook themselves a meal.

    But for an Apple store? Are they going to enclose it? I could see them enclosing it with glass, but that would be expensive, and worse invoke the regulatory nightmare that is doing business in NYC…. and for a lease that is only 10 years? Apple must have a long term option on that lease to make it worthwhile.

  5. 1 more place to buy the worlds favorite products… But of course there will be detractors.. Bottom line is they are unstoppable now .. Just might as well accept it and hopefully enjoy the ride,

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