toggle

AAPL Stock: 119 ( + 1.4 )

Printed from http://www.macnn.com

Grand Central expected to approve Apple Store proposal

updated 05:15 pm EDT, Wed July 20, 2011

Store fate to be decided at monthly board meeting

Grand Central Terminal management is reportedly ready to approve Apple's proposal for a retail outlet in the 42nd Street terminal station. The Metropolitan Transportation Authority, which handles the leasing arrangements for the building, is expected to allow an Apple Store to be added on the balcony overlooking the main hall, unnamed sources have told The New York Times.

The station is said to be going through a significant transition, as many long-term shop owners are driven out of the building by competition from retailers placing strong bids for retail space. The transportation authority is also holding retailers and food vendors to higher standards, requiring approval for design plans and materials.

Some rumors suggest Apple's lease may represent the company's largest brick-and-mortar store and the largest lease in the terminal station, however other reports point to a different location that may be smaller than the company's other Manhattan stores. The recent sources claim Apple submitted its bid in linen-lined boxes.

The final decision is said to be set for a monthly board meeting scheduled next week.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

MaxUpgrades 512GB Retina MacBook Pro SSD

Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

toggle

Most Commented