Apple just inked a deal with the Metropolitan Transportation Authority, the organization that manages Grand Central Terminal, New York’s world renowned train station.
The deal will allow Apple to build it’s largest store to date, in the heart of New York where thousands of people commute daily…
According to the Wall Street Journal:
“Apple is paying Charlie Palmer’s Metrazur restaurant $5 million to vacate its space on the terminal’s east balcony more than eight years before its lease expires. The MTA will get significantly higher annual rent: $1.1 million from Apple vs. $263,997 from Metrazur.
In addition to the space currently occupied by Metrazur, Apple will move into an adjacent, currently vacant balcony on the northeast side of the terminal.”
Should the competent authorities approve the deal tomorrow (and yes, they will), Apple plans to open its store there within 4 months.