{"id":3827,"date":"2011-12-25T15:42:42","date_gmt":"2011-12-25T20:42:42","guid":{"rendered":"http:\/\/streamingradioguide.com\/startingover\/?p=3827"},"modified":"2011-12-25T06:50:16","modified_gmt":"2011-12-25T11:50:16","slug":"apple-takes-over-the-big-apple","status":"publish","type":"post","link":"https:\/\/streamingradioguide.com\/startingover\/?p=3827","title":{"rendered":"Apple takes over the Big Apple&#8217;s big apple"},"content":{"rendered":"<p>If you live in the New York Area and are looking for something to do this week, Apple Computers has quietly opened a new store &#8211; taking over the entire Eastern and NorthEast Balcony at <a href=\"http:\/\/www.apple.com\/retail\/grandcentral\/\"><strong>Grand Central Station<\/strong><\/a> &#8211; one of the most amazing locations to put a retail store.\u00a0 They will be renting 23,000 square feet at $1.1 milion the first year, more the following years.<\/p>\n<p>The MTA math of $140\/sqft doesn&#8217;t work out \ud83d\ude42\u00a0\u00a0\u00a0 $1.1m \/ 23000 = $~47\/sqare foot&#8230;. if we spread the buyout of $5 million over 10 years, that would be another $21 per sqft&#8230;.\u00a0 the math comes close if you take the ~$5 million buyout and that includes the first year&#8217;s lease.\u00a0\u00a0 Perhaps the 10 years only requires 1 year, and then 9 years of optional renewals, so the buyout is front loaded.<\/p>\n<p>If you haven&#8217;t been to the Main Concourse room at Grand Central, it&#8217;s an amazing place that oozes history.\u00a0\u00a0 You can almost feel the spirit of Cornelius Vanderbit and Dagny Taggart with John Galt walking around through the tunnels below.<\/p>\n<p><a href=\"http:\/\/www.ny1.com\/content\/top_stories\/143671\/metrazur-out--apple-store-in-at-grand-central-terminal\">http:\/\/www.ny1.com\/content\/top_stories\/143671\/metrazur-out&#8211;apple-store-in-at-grand-central-terminal<\/a><\/p>\n<p>If you have been there and can&#8217;t remember what used to be on those balconies, it was an upscale restaurant called Metrazur.\u00a0\u00a0 To get this prime piece of real estate (a briliant idea!), they had to pay close to $5 million to the restaurant and agree to a 10 year lease<\/p>\n<p><a href=\"http:\/\/nymag.com\/listings\/restaurant\/metrazur\/\">http:\/\/nymag.com\/listings\/restaurant\/metrazur\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you live in the New York Area and are looking for something to do this week, Apple Computers has quietly opened a new store &#8211; taking over the entire Eastern and NorthEast Balcony at Grand Central Station &#8211; one &hellip; <a href=\"https:\/\/streamingradioguide.com\/startingover\/?p=3827\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-3827","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3827"}],"version-history":[{"count":8,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3827\/revisions"}],"predecessor-version":[{"id":3835,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=\/wp\/v2\/posts\/3827\/revisions\/3835"}],"wp:attachment":[{"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/streamingradioguide.com\/startingover\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}