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The only place that I can think of in GC that is large enough as described by the article is the massive and now mostly unused waiting area if you enter at 42nd and Park.
 
I'm not sure if this report is accurate, GCT has approximately 150K of commercial real estate with in-place leases expiring through 2012. The rumor says the store would open in the fall which is far too soon. The work it would require to build-out the space for Apple would take 4-6 months alone let alone the buying out of existing tenants and the necessary approvals necessary to build in a historical building. I'd be surprised to see this opening in 2011.

If it does, would be great since I work across the street!

As someone familiar with the market in that area, and the way these things operate, I can guarantee that Apple need do only three things to get this done:
1. Pay the right price for tenants to vacate their desired space.
2. Direct anyone with questions about the effect on the building to the numerous stories about the amazing store they opened in Paris.
3. Provide projected tax revenues from this massive store to the city.

Boom boom boom done. :cool:
 
You forgot something!
 

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As someone familiar with the market in that area, and the way these things operate, I can guarantee that Apple need do only three things to get this done:
1. Pay the right price for tenants to vacate their desired space.
2. Direct anyone with questions about the effect on the building to the numerous stories about the amazing store they opened in Paris.
3. Provide projected tax revenues from this massive store to the city.

Boom boom boom done. :cool:

I've heard of a lot of powerful people/businesses be forced a while to get through red tape in NYC. Apple may want the fast timeline but I don't think all the money, will or power Apple can muster would get them in there before 2012.
 
As someone familiar with the market in that area, and the way these things operate, I can guarantee that Apple need do only three things to get this done:
1. Pay the right price for tenants to vacate their desired space.
2. Direct anyone with questions about the effect on the building to the numerous stories about the amazing store they opened in Paris.
3. Provide projected tax revenues from this massive store to the city.

Boom boom boom done. :cool:

Kaibelf; I work in the real estate industry and can say that although your three steps are accurate, it will not be ready in 2011. A project of this magnitude and the impact on the property itself would just have to go through the proper channels. So may be more like boom....boom.........boom.
 
Is there a Border Books in the terminal :) or other large retailer that isn't doing so well that they can just ignore a monster sized lease buyout offer?
 
Grand Central? I don't think so, not yet anyway

I don't see this happening, not in the timeframe reported. Work is currently underway for a retail plaza below the existing levels (where the LIRR will eventually connect), but that work is far from complete (scheduled completion date is 2016). So, I can't understand where a 25,000 square-foot store is slated to be situated.
 
My job is right above the grand central terminal, I walk through here every day and up right into my building from the terminal... I will spend a lot of time away from my desk if this store opens. :D

it will sure be handy for genius bar appointments.
 
It could be a while before the store goes in. Apple is going to have to deal with the Landmarks over any kind of changes they want to make.
 
"The store already has a name: Apple Store, Grand Central, according to a source close the company."

You don't say...:rolleyes:
 
Sounds... grand. :p

It's a shame that I don't live in NYC. The only Apple Store I can go to is in a mall. T_T
 
Now I keep seeing a big glass cube with an :apple: on it in the middle of the Grand Central lobby.
 
It's amazing how they are able to generate so much income from such a small radius in one city. They've got the flagship on 59th and 5th... then a few blocks away the upper west side store on 67th and Broadway.... then you got the 2 downtown on 14th and in Soho. Yet everytime you go into one of these its always super busy..... The only one that I've ever walked into and its not busy is the 14th street store, but that might be because its all the way on the west side in 9th avenue.
 
rather they pump more money into schools and infrastructure than wasting money on a grand design just so they can say "we did it". Waste of money.
 
I honestly don't see why Manhattan needs a 5th Apple store when the others are easily accessible within subway distance. I understand if they open one in Brooklyn, but why Manhattan again?
 
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