It was back in July when Apple signed a ten-year lease for 23,000 square foot space in New York’s iconic Grand Central Terminal. Apple has since been meticulously renovating the space of Grand Central’s east balcony that will become the company’s largest store worldwide, a position currently held by the Covent Garden store in London.
Around 750,000 people pass through Grand Central daily and the number goes up to 1,000,000 during the holidays. Apple is now putting the final touches at the new retail location and the store should be open just in time for the holiday season, with the store opening on Black Friday or shortly after.
For those who enjoy a few statistics:
- 750,000 people pass through Grand Central daily and over 1,000,000 people during the holidays
- Metro-North passengers are 55% male and 45% female, the median age is 41. 93% of Grand Central Terminal commuters are college graduates.
- Mean household income for Grand Central Terminal commuters is $95,800; 50% of household incomes are over $100,000, and 20% are over $200,000.
- The captive shopping population of more than 326,000 neighborhood office workers earn a combined $11.3 billion a year.
- An average 7,500 people an hour pass the corner of 42nd Street and Vanderbilt Avenue, making it one of the busiest intersections in the city.
- 21.6 million out-of-town tourists, with a mean income of $62,000, visit Grand Central each year.
- Grand Central is served by Metro-North commuter trains, 31 commuter and 15 city bus routes, 7 subway lines, buses to and from the area’s three airports, and two million taxis a year.
- Grand Central Terminal subway station is the busiest stop in the New York City subway system.