Apple Opens Grand Central Station
New York City just got a stunning new tourist attraction. Apple’s largest-ever retail venue opened on Friday at the historic Grand Central Terminal in Manhattan. Swarms of fans camped out for hours to be among the first to enter.
At 10am this morning, the 23,000 square foot Grand Central Terminal store finally opened doors for business and big crowds filled the concourse of the Terminal ahead of grand opening. Apple is handing out 4,000 black T-shirts with “Apple Store, Grand Central” graphic resembling a train arrival board, similar to that used as a blockade prior to the opening.
New York’s Metropolitan Transit Authority will rake in over $1 million per year as a result of the Apple’s lease on the terminal’s balcony space, although some have pointed out that Apple may have signed on for a sweeter deal than other Grand Central tenants. Writes CBS New York, the MTA “collects ‘percentage rent’ from every retailer except Apple. That is because the retailer cut a deal with the MTA for a straight lease, totaling about $1 million a year.” New York’s Committee on Corporations, Authorities and Commissions is currently investigating the 10-year agreement between Apple and the MTA, according to Pix 11.
The store is Apple’s fifth location in Manhattan.
Take a look at the slideshow (below) to see photos from the new Grand Central Apple Store.