Apple finalizing lease for World Trade Centre retail location


The planned World Trade Center shopping mall, owned by Westfield Group, already has retailers lined up for around 90 percent of the first sites to come online. According to the New York Post, Apple is just one of many international brands that are said to be close to finalising details with Westfield for a retail location.

Rent in the location is said to be between $500-$600 per square foot. Westfield paid a princely $612 million to the Port Authority for a long-term controlling interest in a join venture at the location. The mall itself will occupy space under three of the towers at the One World Trade Center.

The mall is expected to open in a limited capacity sometime in 2014, with a full opening on the cards for 2015. The Apple Storewould open at the same time as the mall’s grand opening reports say.

Source – Apple Insider

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