Apple reportedly finalizing lease for World Trade Center retail location
Apple is said to be nearing the close of a lease for another Manhattan retail location, this one located in an expansive shopping mall in the World Trade Center.
Concept drawing of the mall in development. Image via ifoAppleStore
The planned World Trade Center shopping mall, owned by Westfield Group, already has retailers lined up for about 90 percent of the first sites to come online, according to The New York Post. Apple is but one of a number of international brands said to be close to finalizing deals with Westfield.
Aside from Apple, the shopping mall owner is said to be closing deals with Victoria's Secret, J. Lindberg, Tory Burch, Theory, Michael Kors, Swatch, and Abercrombie & Fitch, as well as several other brands.
Rent in the location is said to run between $500 and $600 per square foot. Westfield paid the Port Authority $612 million for a long-term controlling interest in a joint venture for retail at the location. The mall will occupy space under three of the towers at One World Trade Center, taking up the lower floors of two towers.
For Apple, the World Trade Center location would mark its fifth retail store in Manhattan. Observers have noted that an Apple Store has been expected at this location for roughly two years, due to the size of the mall being built. Additionally, the World Trade Center is a major transportation hub, with PATH trains from New Jersey running through it alongside many other commuters, virtually guaranteeing heavy traffic for an Apple Store located there.
The mall is expected to open in a limited capacity in 2014, with a full opening slated for 2015. The Apple Store, some expect, would open at the same time as the mall's grand opening.
Concept drawing of the mall in development. Image via ifoAppleStore
The planned World Trade Center shopping mall, owned by Westfield Group, already has retailers lined up for about 90 percent of the first sites to come online, according to The New York Post. Apple is but one of a number of international brands said to be close to finalizing deals with Westfield.
Aside from Apple, the shopping mall owner is said to be closing deals with Victoria's Secret, J. Lindberg, Tory Burch, Theory, Michael Kors, Swatch, and Abercrombie & Fitch, as well as several other brands.
Rent in the location is said to run between $500 and $600 per square foot. Westfield paid the Port Authority $612 million for a long-term controlling interest in a joint venture for retail at the location. The mall will occupy space under three of the towers at One World Trade Center, taking up the lower floors of two towers.
For Apple, the World Trade Center location would mark its fifth retail store in Manhattan. Observers have noted that an Apple Store has been expected at this location for roughly two years, due to the size of the mall being built. Additionally, the World Trade Center is a major transportation hub, with PATH trains from New Jersey running through it alongside many other commuters, virtually guaranteeing heavy traffic for an Apple Store located there.
The mall is expected to open in a limited capacity in 2014, with a full opening slated for 2015. The Apple Store, some expect, would open at the same time as the mall's grand opening.
Comments
Who gives a crap about a new store in a new mall anywhere?
Cool!
Sounds good to me. New York can always use more Apple stores, even though there are quite a few already.
Considering every single Apple store looks the same, these constant articles on new Apple stores are possibly the most boring, waste of time kind of stories you people post.
Who gives a crap about a new store in a new mall anywhere?
World Trade Center is a high profile location. And this is definitely Apple news that is worthwhile to all those who follow Apple and to Apple investors. And no, every single Apple store does not look the same. You must not have visited many Apple stores.
It's not like Apple is opening a tiny store in the middle of Kansas.
Considering every single Apple store looks the same, these constant articles on new Apple stores are possibly the most boring, waste of time kind of stories you people post.
Who gives a crap about a new store in a new mall anywhere?
Two blocks away from my job! And, quite honestly, the Finacial District in Manhattan is still suffering. Transit hubs aren't up and running and the new trade center building hasn't even opened up yet. Heck, a building used by my job was completely demolished and just was rebuilt and re-opened several months ago. Twelve years after the attacks. The anniversary of the attacks were just held a couple days ago.
So, Gazoobee, stop being such a pill. An Apple store is both symbolic and material evidence of a very devastated area coming back to life. A revitalized mall/transit hub will be great for morale and the economy. And I'll have an Apple store a short walk away...big deal to me.
World Trade Center is a high profile location. And this is definitely Apple news that is worthwhile to all those who follow Apple and to Apple investors. And no, every single Apple store does not look the same. You must not have visited many Apple stores.
It's not like Apple is opening a tiny store in the middle of Kansas.
Inside, they mostly look identical. The only ones worth reporting are those with different exterior architectural features. The one in Asia with the glass cylinder and the original cube are almost the only ones that qualify. A few others have interesting architectural features, but this one is only being reported because of the "patriotic" connection but it doesn't actually have any interest as a store at all. It's just another "America! **** Yeah!" kind of article.
Inside, they mostly look identical. The only ones worth reporting are those with different exterior architectural features. The one in Asia with the glass cylinder and the original cube are almost the only ones that qualify. A few others have interesting architectural features, but this one is only being reported because of the "patriotic" connection but it doesn't actually have any interest as a store at all. It's just another "America! **** Yeah!" kind of article.
Yeah, the World Trade Center does sort of have some kind of connection to 9/11 I believe.
If that offends you, then too fucking bad.
Yes, exactly.
With love from the UK.
Who gives a crap about a new store in a new mall anywhere?
Who gives a crap? Microsoft for one!
The most annoying type of comment on the Internet are comments questioning who would be interested in the story and stating that since the commenter themselves might not be interested the story should not have been posted.
It's the freaking Internet. If you aren't interested in the story don't click the link. Instead you yourself gave this story several page views and wrongly inflated the measure of interest in this story.
Talk about shooting your own foot..
It's not the connection, it's a high traffic area with significance. New buildings, new underground, new station.
Honest question, born of bewilderment: Why do you think things are still so incomplete twelve years after the attack? Doesn't that seem a tad long? Is it incompetence? Indifference? Infighting? If so, is anyone being held accountable?
Considering every single Apple store looks the same, these constant articles on new Apple stores are possibly the most boring, waste of time kind of stories you people post.
Who gives a crap about a new store in a new mall anywhere?
No likee, no clickee.
It's not difficult.
Retail is one of the strongest "legs" of the Apple story. Sounds like a premium location.
1. Can't start building on 9/12/01
2. Had to remove the debris
3. Had to sure up the train/subway stations
4. Had to plan/design
5. Had to meet with various groups
6. Had to iterate design
7. Had to plan/design memorial
8. Money
9. The Great Recession
10. Bid on contracts
11. Politics
12. Work around the train schedule.
13. Actually build it
And most of all need time to grieve