One of the world's largest Apple store is opening at the landmark Grand Central Terminal. The 2136 square meters personal electronics business will start selling to the public on December 9, reported The Huffington Post. The construction of store began on August. The Grand Central Terminal Apple store, the fifth to open in New York City, is about the size of two that are in London. Now this is the largest store of company. The second largest Apple store in the world is located in Convent Garden in London, England. That location covers 2320 square meters, but only 1520 square meters of that property is open to the public. Apple, behind Macintosh computers and such iconic products as the iPod, the iPad and the iPhone, signed a 10-year lease with the MTA for the space once occupied by Charlie Palmer's Metrazur restaurant, which got US$ 5 million from Apple to clear out early. The lease for Apple cost US$ 800 thousand annually for the first ten years and would bump up to US$ 1.1 million a year after the first decade. According to the transit agency the draw of the Apple name promises to increase foot traffic to other businesses at the terminal, which is visited by about 750 thousand people daily and is home to the Metro-North commuter railroad.

As we have reported earlier, Apple was awaiting approval from New York's Metropolitan Transportation Authority (MTA) for an ambitious construction project at New York metro Grand Central Terminal. Now New York's famed Grand Central terminal is about to get a new addition. Apple has begun construction of a brand new store located on a 2136 square meters space occupying the north and northeast balconies in Grand Central main hall, reported constructiondigital.com. The Metropolitan Transit Authority, which owns Grand Central and oversees New York's public transit system, gave Apple the green light for the project last month. Once construction is completed this will be Apple's fifth store located in New York City. The store should be ready for business in about four months, potentially just in time for the holiday shopping season. Opened in 1871, Grand Central Terminal is the largest train station in the world with 44 different platforms located on two separate underground levels.

Apple is awaiting approval from New York's Metropolitan Transportation Authority (MTA) for an ambitious construction project at New York metro Grand Central Terminal, reported constructiondigital.com. Apple, the world's most popular computer and electronics manufacturer, hopes to build its largest retail store ever in the historic Grand Central main concourse. The lease would cost Apple US$ 800 thousand annually for the first ten years and would bump up to US$ 1.1 million a year after the first decade. The property is currently in use by Charlie Palmer's Metrazur restaurant, which pays an annual lease of US$ 263.997 thousand. The deal is expected to be approved today at the absolute latest due to the significant financial incentive being offered to the MTA and the city of New York. Apple has also agreed to pay Metrazur US$ 5 million if the restaurant vacates the east balcony location immediately. If the MTA gives the go-ahead, Apple is expected to begin construction on the property almost immediately. The site will be renovated to better suit the company's needs for a retail store, which would be completed in about four months after construction crews begin working. The new Apple store in Grand Central Terminal would span over 2136 square meters, the largest retail store in the company's already massive collection. Currently the largest Apple store in the world is located in Convent Garden in London, England. That location covers 2320 square meters, but only 1520 square meters of that property is open to the public.