Since the opening of Apple’s Grand Central Terminal store, at least one fellow tenant is seeing a 7 percent increase in sales. That tenant is Michael Jordan’s The Steak House, located across the terminal from the new Apple Store and its co-owner, Peter Glazier says the restaurant has seen the boost of sales since the Apple Store opened 7 weeks ago in December.
Glazier makes sure to point out that the boost isn’t due to Apple simply replacing another restaurant (the Apple Store is located where the Metrazur restaurant used to preside). He says “the jump only happened after Apple opened” - not during the months whilst the space was being renovated for Apple.
So far it seems that the “sweetheart deal” that the New York City’s Metropolitan Transportation Authority’s worked out with Apple is paying dividends — despite initial criticism of the deal. That deal saw Apple agree to a $60-per-square-foot lease agreement, with no revenue sharing agreement. The MTA made the argument that such a flagship store would bring in more customers, benefitting other tenants, so far, it seems that argument has been reflected in reality.
[Crains New York via MacRumors]
Unlock More with Club MacStories
Founded in 2015, Club MacStories has delivered exclusive content every week for over six years.
In that time, members have enjoyed nearly 400 weekly and monthly newsletters packed with more of your favorite MacStories writing as well as Club-only podcasts, eBooks, discounts on apps, icons, and services. Join today, and you’ll get everything new that we publish every week, plus access to our entire archive of back issues and downloadable perks.
The Club expanded in 2021 with Club MacStories+ and Club Premier. Club MacStories+ members enjoy even more exclusive stories, a vibrant Discord community, a rotating roster of app discounts, and more. And, with Club Premier, you get everything we offer at every Club level plus an extended, ad-free version of our podcast AppStories that is delivered early each week in high-bitrate audio.
Choose the Club plan that’s right for you:
- Club MacStories: Weekly and monthly newsletters via email and the web that are brimming with app collections, tips, automation workflows, longform writing, a Club-only podcast, periodic giveaways, and more;
- Club MacStories+: Everything that Club MacStories offers, plus exclusive content like Federico’s Automation Academy and John’s Macintosh Desktop Experience, a powerful web app for searching and exploring over 6 years of content and creating custom RSS feeds of Club content, an active Discord community, and a rotating collection of discounts, and more;
- Club Premier: Everything in from our other plans and AppStories+, an extended version of our flagship podcast that’s delivered early, ad-free, and in high-bitrate audio.