Apple Store At Grand Central Station opens to huge crowd
The newest Apple Store opened at New York's Grand Central Station on Friday. The 23,000 square foot location is expected to gross $100 million a year, none of which is going to the MTA unlike most of Apple's neighbors who have a revenue sharing deal with the agency. That, plus the sweet $60 a square foot lease price that Apple is paying for the prime location, is the reason why the entire deal is under investigation as we reported the other day.
The store opened at 10am Eastern time as a large crowd of New Yorkers came to do some holiday shopping. The store, which is located by the East Balcony, was the scene of what one worker in the building called "Chaos". Unlike the 24 hour Apple Store on 5th Avenue, this location closes 9pm weeknights, 7pm on Saturday and 6pm on Sunday. With the large crowd at the Grand Opening and the rush of holiday shopping, those working at the new Apple Store certainly will need their rest.
source: NYPost via BusinessInsider
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