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.![]()
You forgot something!
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.![]()
The store already has a name: Apple Store, Grand Central, according to a source close the company.