Apple’s plan to build a 16,000 square-foot Apple Store at Grand Central Terminal in New-York City may never move forward, as according to a source close to the Metropolitan Transportation Authority, negotiations have come to a halt.
According to a tweet posted by Jeffrey Roseman, a Newmark Knight Frank
executive, the plans for Apple’s largest store to date are currently stalled: “Lets see if Apple NOT coming to Grand Central, gets as much press as it got, when the rumor started.” Newmark Knight Frank
is one of the largest independent real estate service firms in the world, and is involved in the negotiations.
Apple and the Metropolitan Transportation Authority entered negotiations last month, and the Cupertino-based company was planning to be able to open the new retail location during fall 2011. Grand Central Terminal attracts three-quarters of a million people a day, and is a prime location for retailers.