updated 04:40 pm EDT, Wed September 29, 2010
Could cost Apple $5.1 million per year
A Spanish newspaper, La Vanguardia, says it has confirmed the location of a second Apple Store to be built in Barcelona. A lease has reportedly been signed for a 27,000 square-foot space at 1 Paseo de Grącia, located within the city's center. The building was founded in the late 1800s, and features apartments on its upper levels. One corner is noted to face Catalunya Square, making the structure extremely visible.
Apple's space is said to have a 21-foot ceiling on the main level, and enough room for a basement, mezzanine and third floor. It was formerly occupied by a bank, but has been empty since 2003 as companies have been unwilling to commit to leases as long as 15 years or more. The Apple deal is claimed to involve a 10-year lease, worth $5.1 million a year.
Protesters in fact appeared outside the building today, complaining that apartment rents in the area have doubled during the last seven years. When exactly the Apple Store might open is unknown, but a launch is expected sometime in 2011.