Will the New World Trade Center Get an Apple Store?
Apple (NASDAQ:AAPL) may be one company in a select group of premium retailers that will have a store located in the new World Trade Center. According to a report from the New York Post, Apple is close to inking a deal with shopping-mall owner Westfield Group.
Westfield Group is paying $612 million to the Port Authority for a controlling interest in all of the retail space at the World Trade Center. Rents for this exclusive area run approximately $500 to $600 a square foot, reports the New York Post.
Although the shopping-mall owner is already closing deals with retailers, it should be noted that the retail area is not expected to be opened until 2015, or possibly even later. However, Westfield has already signed a lease with Victoria’s Secret and is rumored to be close to having deals with other luxury retailers such as Abercrombie & Fitch, J. Lindberg, Tory Burch, Theory, Michael Kors, and Swatch.