Apple’s Grand Central Terminal Store in New York Will be the Largest in the World

[Maura]

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[FONT=&quot]Currently Apple’s Covent Garden store in London is its largest in the world, but the New York Post reports this weekend all that is about to change following Apple finally signing a deal with the MTA to open a massive store in New York’s Grand Central Terminal, which will then be the largest Apple Store in the world. According to the Post, the 23,000-square-foot store will be sited in Grand Central’s north and northeast balconies, where Charlie Palmer’s Métrazur restaurant was previously located (it’s now closed). Apple’s rent for the site will reportedly be $800,000 per year, which is half a million more than Métrazur’s rent. After the initial ten-year period, the rent will increase to over $1 million per year. The deal will be up before the MTA’s financial committee on Monday, and then, if approved, will go before the board of directors on Wednesday. In its statement about the deal, the MTA said that it “had the potential to bring a great new shopping destination to iconic Grand Central Terminal and significantly increase revenues for the MTA’s transportation system.”[/FONT]

[FONT=&quot]Source: [/FONT]http://www.nypost.com/p/news/local/manhattan/apple_grand_opening_qN2eAxoUYKl8NoCHhXNxdP#ixzz1SwktH5Li