Showing posts with label retail. Show all posts
Showing posts with label retail. Show all posts

Tuesday, July 26, 2011

Grand Central Gets Shakes And Apples, But Not What You Think

Grand Central Terminal, Manhattan, July 25, 2011- An apple a day may keep the doctor away but in Grand Central Terminal, they'll get served up with side dishes of iPads, iPhones and other products sold by Apple. If you get thirsty, you can refresh your palate at the Shake Shack.

With the two new tenants poised to further crowd the grandest rail facility of the region, worries have arisen over public floor space availability and access to other venues within the terminal. MTA officials are creating a crowd-control plan that the MTA PD will enforce.

Leaving the scene is Metrazur restaurant in the main concourse (rear of photo above) and Mexican restaurant Zocalo on the lower level.

Shake Shack is coughing up $435,000 annually while Apple's rent starts at $800,000. To start, that's $1.2 million per year for the MTA coffers - great news for the cash-strapped agency and the public.